The U.S. leads the pack in the percentage of older adults who have trouble paying their medical bills.
By Targeted News Service
ALEXANDRIA, Va., Jan. 16 -- Hartford Fire Insurance, Hartford, Conn., has been assigned a patent (8,355,971) developed by Mervin Walker, Windsor, Conn., and Jesse Pendergrass, Plantsville, Conn., for a "system and method for processing payroll related insurance premiums."
The abstract of the patent published by the U.S. Patent and Trademark Office states: "A computer process for determining an insurance premium comprises: validating username/passwords; receiving payroll data asynchronously or scheduled in real time; extracting payroll data required for premium determination; detecting the presence or absence of fraud related to the payroll data; applying state jurisdictional inclusion and exclusion rules applicable to workers' compensation premiums; transferring premium to a billing system for debiting the customer account. The structural elements to the system are: a payroll system configured with an accounting/bookkeeping software where regular payroll data resides; a utility that permits reading payroll accounts residing in the accounting/bookkeeping software; an Internet connection having a browser; a filter to allow extraction of payroll data exclusive of other payroll deductions; a rules engine customized to a particular remote payroll system that includes a mechanism to separate different occupations and a billing system."
The patent application was filed on Dec. 29, 2011 (13/340,261). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=83,55,971.PN.&OS=PN/83,55,971&RS=PN/83,55,971
Written by Amal Ahmed; edited by Jaya Anand.