Healthcare card closed loop network
View Patent ↗A method comprises the steps of: receiving, at a host computer, a request from a provider for payment for a charge incurred by a purchaser; identifying a plurality of funding sources of the purchaser from which to draw funds for payment of the charge; and causing at least one of the plurality of funding sources to be debited for at least a portion of the purchasing amount of the item based on the payment authorization.
1. A method to facilitate a purchase from a healthcare provider by a purchaser via a financial institution, comprising:
receiving, at a host computer controlled by the financial institution, a request from the provider for payment for a charge incurred by the purchaser for the purchase;
placing a hold on funds in an amount of the charge in at least one funding source selected from the group consisting of a consumer-directed healthcare plan (CDHP) account and a non-CDHP account, wherein the at least one funding source is maintained by the financial institution;
adjudicating the amount of the charge to determine an amount payable to the provider;
releasing, after adjudication is complete, the hold on the funds and settling with the provider in the amount payable to the provider;
determining what portion of the amount payable to the provider is payable by an insurer;
determining, at a host computer controlled by the financial institution, what portion of the amount payable to the provider is payable by the purchaser; and
withdrawing the purchaser payable portion from the at least one funding source, wherein the withdrawing comprises:
if the purchase qualifies as a healthcare related expense, then withdrawing at least a portion of the purchaser payable portion from the CDHP account,
if the CDHP account has insufficient funds to cover the purchaser payable portion, then withdrawing any required additional funds from the non-CDHP account, and
if the purchase does not qualify as a healthcare related expense, then withdrawing all of the purchaser payable amount from the non-CDHP account.
2. A system to facilitate a purchase from a healthcare provider by a purchaser via a financial institution, comprising:
a host computer controlled by the financial institution for receiving a request from a provider for payment for a charge incurred by the purchaser for a purchase;
means for placing a hold on funds in an amount of the charge in at least one funding source selected from the group consisting of a consumer-directed healthcare plan (CDHP) account and a non-CDHP account, wherein the at least one funding source is maintained by the financial institution;
means for determining what portion of the amount is payable by the purchaser; and
means for releasing the hold and causing funds to be drawn from the at least one funding source in the amount payable by the purchaser, wherein:
if the purchase qualifies as a healthcare related expense, then at least a portion of the purchaser payable portion is withdrawn from the CDHP account,
if the CDHP account has insufficient funds to cover the purchaser payable portion, then any required additional funds are withdrawn from the non-CDHP account, and
if the purchase does not qualify as a healthcare related expense, then all of the purchaser payable amount is withdrawn from the non-CDHP account.
3. A system to facilitate a purchase from a healthcare provider by a purchaser via a financial institution, comprising:
a host computer controlled by the financial institution for receiving a request from the provider for payment for a charge incurred by the purchaser for a purchase;
means for placing a hold on funds in an amount of the charge in at least one funding source selected from the group consisting of a consumer-directed healthcare plan (CDHP) account and a non-CDHP account, wherein the at least one funding source is maintained by the financial institution;
means for receiving an adjudicated amount of the charge representing an amount payable to the provider;
means for releasing the hold on the funds and settling with the provider in the amount payable to the provider;
means for receiving an indication of what portion of the amount payable to the provider is payable by an insurer;
means for determining what portion of the amount payable to the provider is payable by the purchaser; and
means for withdrawing the purchaser payable portion from the at least one funding source, wherein:
if the purchase qualifies as a healthcare related expense, then withdrawing at least a portion of the purchaser payable portion from the CDHP account,
if the CDHP account has insufficient funds to cover the purchaser payable portion, then withdrawing any required additional funds from the non-CDHP account, and
if the purchase does not qualify as a healthcare related expense, then withdrawing all of the purchaser payable amount from the non-CDHP account.