Integrated nested account financial system with medical savings

Details Integrated nested account financial system with medical savings Integrated nested account financial system with medical savings

1998-10-14

2000-08-22

Stamber, Eric W.

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

Automated electrical financial or business practice or...

Finance

705 2, G06F 1760

Patent

active

06108641&

ABSTRACT:
A computer system for managing a plurality of accounts, each of the accounts being separated into a master account and at least one subaccount associated therewith, and at least one subaccount being a medical savings account (MSA). Each subaccount incorporates a subset of features available for the master account, the features corresponding to the specific needs dictated by the purpose of the subaccount. The purpose of a subaccount, in addition to being an MSA, can include regular payments (e.g., mortgage and other loans), credit/debit card, retirement account, and the like.

REFERENCES:
patent: 5826243 (1998-10-01), Musmanno et al.
Anonymous, "IRS Approves Proposal to Create New Medical Savings Account Product", Tax Management Compensation Planning Journal, vol. 26, No 7, pp. 169-170, Jul. 3, 1998.
"Wells Fargo Teams With NFIB to Offer Medical Savings Accounts to Small Businesses; Parternership Helps Contain Health Care Costs of Small Businesses", Business Wire, p. 06240040, Jun. 24, 1997.
Jeffrey, Nancy Ann, "Your Money Matters: Weekend Report: New Medical Plans for Small Businesses Carry Investment Options, But Also Risks", The Wall Street Journal, p. C, 1:3 (start page). Jan. 3, 1997.
Ferrara, Peter J., "Medical Savings Accounts: A Solution to Finance Health Care?", USA Today (Magazine), vol. 124, No. 2612 pp. 24(4), May 1996.
Secretary of State, "Montana Department of Revenue Proposes Adoption of Medical Savings Account Rules", Administrative Rules and Regulations (SRG), 96 STN 13-21 Jan. 1, 1996.

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