Method and system for implementing a consumer-driven health...

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Reexamination Certificate

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C705S001100, C705S002000, C705S003000, C705S026640, C705S035000

Reexamination Certificate

active

07739131

ABSTRACT:
A method for providing a Dual-Purpose Profit Sharing benefit plan (DPPSP) to employees. The method comprising the steps of: establishing the DPPSP as a qualified fund in accordance with Internal Revenue Service provisions; providing retirement benefits accident, and health benefits within the DPPSP; determining an allocation of employee contributions and employer contributions to the DPPSP between the retirement benefits, accident benefits and health benefits based on a predetermined formula; and establishing that i) the employer contributions and ii) the accident and health benefits are excluded from taxation as income, based on federal income tax exclusion rules.

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