Apparatus and method of composing a plan of flexible benefits

Details Apparatus and method of composing a plan of flexible benefits Apparatus and method of composing a plan of flexible benefits

1997-10-07

2000-07-18

Cosimano, Edward R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Insurance

705 1, 705 7, 705 35, 705 36, G06F 1760

Patent

active

060920475

ABSTRACT:
There is disclosed a method and apparatus for devising the financial aspects of a plan of benefits for a given population of employees in accordance with goals set by an employer of the employees. This invention enters data into a memory of a computer system reflective of the employees, the costs of the benefits and the employer's goals. Next, variables are defined and entered into the memory reflecting the costs of the benefits, and a set of relationships is constructed of the cost variables in a manner to constrain the cost variables in accordance with the plan of benefits. Finally, the set of relationships is processed in the computer system to provide at least one set of solutions of the cost variables.

REFERENCES:
patent: 5590037 (1996-12-01), Ryan et al.
Linda Stern, Flex plans on the rise, Data Watch, pp. 1-7, 1991.

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