Importance

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Abstract

A combined benefits service claim payment and credit system is disclosed which may comprise: a transaction processor, which may be in immediate communication with a benefits service provider over a communication link for receipt of information from the service provider in real time regarding a benefits service recipient and benefits service provided or to be provided. The transaction processor also may be in immediate communication with a claim payer over a communication link for the transmission of information in real time to the payer relating to the service recipient, the service provider and the to be provided service or provided service and for receipt in real time of confirmation of coverage and the amount of coverage. The transaction processor further may be in immediate communication with a benefits service credit provider for transmitting to the credit provider in real time information regarding the service recipient and a required amount of credit needed and for receiving from the credit provider in real time information regarding the availability of that amount of credit for the service recipient. The transaction processor in response to the information received from the payer and from the credit provider may transfer in real time to the service provider funds available to or notification of funds available to the service provider, from either or both of the payer and credit provider, and may provide the service provider and the service recipient with a respective statement memorializing the benefits service payment transaction. The credit provider may provide the service recipient with a statement memorializing the credit transaction. The respective statements may memorialize the service payment transaction and the benefits service credit transaction may be a part of a statement periodically provided and including, if applicable, the memorializing of other similar transactions. The service provider may receive information from the service recipient from an identification token issued to the service recipient by the service credit provider, the payer or the transaction processor.

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First Claim