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OutsourceOne Patents Online Benefits Decision Making Tool
July 5, 2011 - OutsourceOne has announced that it has been granted US patent #7,974,920 for OutsourceOne's online Benefit Planning process. The patent covers
"Methods, computer readable media, and systems including programming instructions are provided for use with benefit planning. A method embodiment includes providing terms for a number of benefit plans available to a potential participant. The embodiment also includes receiving an estimate of benefits to be used by a potential participant. The embodiment further includes displaying together an estimate of expenses to be incurred by the potential participants under each of the benefit plans based on the terms and estimate of benefits to be used."
OutsourceOne clients have used this process to show the value of high deductible plans to participants, as a method of walking them through the exercise of fixed monthly costs vs. the risk of claim related out of pocket costs.