Method of managing the business of a medical scheme
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United States of America Patent
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app pub date -
Apr 6, 2004
filing date -
Apr 6, 2004
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
The present invention relates to a method of managing the business of a medical scheme wherein the provider of such medical scheme undertakes liability in return for a premium or contribution, and provides to members who pay such premiums or make such contributions, relevant health services, and/or assistance in defraying expenses incurred in connection with rendering such relevant health services. The improvement comprises in the allocating of a portion of the premium or contribution paid by a member to provide the indemnity benefit and if the member suffers severe illness, disability or death, the member's future premium or contribution is paid on behalf of the member to the medical scheme for a period of time so that the provider of the medical scheme continues to undertake liability for the member and/or dependent's of the member for the period of time.
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Family
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