Method and system for providing prescription drug coverage

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Health care management

Reexamination Certificate

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Details

C705S003000, C705S004000

Reexamination Certificate

active

07552061

ABSTRACT:
The present invention provides a method and system for enabling an employer or other entity the ability to provide prescription drug coverage efficiently and cost effectively. A card (or other object) may enable access to a general account established by a plan sponsor (e.g., an employer) where the plan sponsor may pay for the pharmacy benefits. As the card is used for the purchase of prescription drugs (or other authorized use), the plan sponsor's general account balance may be reduced. According to another embodiment of the present invention, the card may be restricted for use at selected merchants and may be coded for one or more specific uses, such as obtaining prescription drugs. Other restrictions may be specified for other venues and/or other uses.

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