Patent Issued for Methodologies for a health insurance exchange platform (USPTO 11545257): Empoweredbenefits LLC

“Although some online platforms exist in this area, needs exist for improvement in this area. These, and other needs, are addressed by one or more aspects of the present invention.”

In addition to the background information obtained for this patent, NewsRx journalists also obtained the inventors’ summary information for this patent: “The present invention includes many aspects and features. Moreover, while many aspects and features relate to, and are described in, the context of health insurance, the present invention is not limited to use only in this context, as will become apparent from the following summaries and detailed descriptions of aspects, features, and one or more embodiments of the present invention.

“Accordingly, one aspect of the present invention relates to a method for facilitating employee selection of one or more health insurance products which includes maintaining, at an insurance portal platform, employer contribution information including a plurality of specific defined contribution amounts for each of a plurality of classes of health insurance products, including, for each class of product, an amount for enrollment of an employee, an amount for enrollment of an employee and his or her spouse, an amount for enrollment of an employee and his or her children, and an amount for enrollment of an employee and his family; and a lump sum defined contribution amount; displaying, to a user via an electronic display associated with an electronic device, a login interface for the insurance portal platform; receiving, from the user via one or more input devices associated with the electronic device, input corresponding to login credentials for the user; determining, by the insurance portal platform, that the user is an employee of the employer, and, based thereon, displaying, to the user via the electronic display, a plurality of specific defined contribution amounts for each of a plurality of classes of health insurance products, including, for each class of product, an amount for enrollment of an employee, an amount for enrollment of an employee and his or her spouse, an amount for enrollment of an employee and his or her children, and an amount for enrollment of an employee and his family; and displaying, to the user via the electronic display, information regarding a plurality of insurance products including, for each product, a coupon amount the cost of that product will be discounted based on a specific defined contribution amount for that class of health insurance product, and an estimated monthly cost after the coupon amount is applied; receiving, from the user via one or more input devices associated with the electronic device, input corresponding to selection of a health insurance product; displaying, to the user via the electronic display, information regarding the selected insurance product including an estimated cost of a plan including the selected health insurance product, a coupon amount the cost of the plan will be discounted based on a specific defined contribution amount for the class of the selected health insurance product, and a lump sum defined contribution amount the cost of the plan will be discounted, and an estimated monthly cost after the coupon amount and lump sum defined contribution amount are applied.

“In a feature of this aspect, the plurality of classes of health insurance products includes major medical.

“In a feature of this aspect, the plurality of classes of health insurance products includes dental.

“In a feature of this aspect, the plurality of classes of health insurance products includes vision.”

The claims supplied by the inventors are:

“1. A method for allowing a broker to split commissions with one or more co-brokers, the method comprising: (a) maintaining, at a broker portal platform, a list of brokers, each broker being associated with one or more insurance products; (b) displaying, to a first one of the brokers via an electronic display associated with an electronic device, a broker portal interface for the broker portal platform which includes a search interface configured to allow the first broker to search for other brokers of the list of brokers; © receiving, from the first broker via one or more input devices associated with the electronic device, input corresponding to indication of one or more search parameters; (d) displaying, to the first broker via the electronic display, a broker portal interface for the broker portal platform including brokers of the maintained list of brokers which match the input search parameters; (e) receiving, from the first broker via one or more input devices associated with the electronic device, input corresponding to selection of one or more brokers of the displayed brokers which match the input search parameters; (f) communicating, to each of the selected brokers, an invitation to join as a co-broker for a particular client; (g) receiving, from a second broker of the selected brokers, an indication of acceptance of the invitation; (h) associating, at the broker portal platform, the second broker with the particular client; (i) displaying, to the first one of the brokers via the electronic display associated with the electronic device, a broker portal interface for the broker portal platform which includes a list of brokers associated with the particular client, including the first broker and the second broker; and (j) receiving, from the first broker via one or more input devices associated with the electronic device, input corresponding to a commission share for the second broker for the particular client.

“2. The method of claim 1, wherein the electronic display comprises a monitor.

“3. The method of claim 1, wherein the electronic display comprises a touchscreen.

“4. The method of claim 1, wherein the electronic device comprises a computer.

“5. The method of claim 1, wherein the electronic device comprises a tablet.

“6. The method of claim 1, wherein the electronic device comprises a phone.

“7. The method of claim 1, wherein the first broker is appointed to work with a first group of carriers, and the second broker is appointed to work with a second group of carriers.

“8. The method of claim 1, wherein the input one or more search parameters comprise a location.

“9. The method of claim 1, wherein the input one or more search parameters comprise a carrier association.

“10. The method of claim 1, wherein the input one or more search parameters comprise a name.

“11. The method of claim 1, wherein the input one or more search parameters comprise a carrier association and a location.

“12. A method for allowing a broker to split commissions with one or more co-brokers, the method comprising: (a) maintaining, at a broker portal platform, a list of brokers, each broker being associated with one or more insurance products; (b) displaying, to a first one of the brokers via an electronic display associated with an electronic device, a broker portal interface for the broker portal platform which includes a search interface configured to allow the first broker to search for other brokers of the list of brokers; © receiving, from the first broker via one or more input devices associated with an electronic device, input corresponding to indication of one or more search parameters; (d) displaying, to the first broker via an electronic display associated with an electronic device, a broker portal interface for the broker portal platform including brokers of the maintained list of brokers which match the input search parameters; (e) receiving, from the first broker via one or more input devices associated with an electronic device, input corresponding to selection of one or more brokers of the displayed brokers which match the input search parameters; (f) communicating, to each of the selected brokers, an invitation to join as a co-broker for a particular client; (g) receiving, from a second broker of the selected brokers, an indication of acceptance of the invitation; (h) associating, at the broker portal platform, the second broker with the particular client; (i) displaying, to the first one of the brokers via an electronic display associated with an electronic device, a broker portal interface for the broker portal platform which includes a list of brokers associated with the particular client, including the first broker and the second broker; and (j) receiving, from the first broker via one or more input devices associated with an electronic device, input corresponding to a commission share for the second broker for the particular client.

“13. The method of claim 12, wherein the first broker is appointed to work with a first group of carriers, and the second broker is appointed to work with a second group of carriers.

“14. The method of claim 12, wherein the input one or more search parameters comprise a location.

“15. The method of claim 12, wherein the input one or more search parameters comprise a carrier association.

“16. The method of claim 12, wherein the input one or more search parameters comprise a name.

“17. One or more non-transitory computer readable media containing computer executable instructions for performing a method for allowing a broker to split commissions with one or more co-brokers, the method comprising: (a) maintaining, at a broker portal platform, a list of brokers, each broker being associated with one or more insurance products; (b) displaying, to a first one of the brokers via an electronic display associated with an electronic device, a broker portal interface for the broker portal platform which includes a search interface configured to allow the first broker to search for other brokers of the list of brokers; © receiving, from the first broker via one or more input devices associated with the electronic device, input corresponding to indication of one or more search parameters; (d) displaying, to the first broker via the electronic display, a broker portal interface for the broker portal platform including brokers of the maintained list of brokers which match the input search parameters; (e) receiving, from the first broker via one or more input devices associated with the electronic device, input corresponding to selection of one or more brokers of the displayed brokers which match the input search parameters; (f) communicating, to each of the selected brokers, an invitation to join as a co-broker for a particular client; (g) receiving, from a second broker of the selected brokers, an indication of acceptance of the invitation; (h) associating, at the broker portal platform, the second broker with the particular client; (i) displaying, to the first one of the brokers via the electronic display associated with the electronic device, a broker portal interface for the broker portal platform which includes a list of brokers associated with the particular client, including the first broker and the second broker; and (j) receiving, from the first broker via one or more input devices associated with the electronic device, input corresponding to a commission share for the second broker for the particular client.”

There are additional claims. Please visit full patent to read further.

URL and more information on this patent, see: Ellington, Jr., Robert Mitchell. Methodologies for a health insurance exchange platform. U.S. Patent Number 11545257, filed August 27, 2019, and published online on January 3, 2023. Patent URL (for desktop use only): https://ppubs.uspto.gov/pubwebapp/external.html?q=(11545257)&db=USPAT&type=ids

(Our reports deliver fact-based news of research and discoveries from around the world.)

Leave a Comment