Integrated nested account financial system with medical savings subaccount
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United States of America Patent
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Aug 22, 2000
Issued Date -
N/A
app pub date -
Oct 14, 1998
filing date -
Jan 3, 1994
priority date (Note) -
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Abstract
A computer system for managing a plurality of accounts, each of the accounts being separated into a master account and at least one subaccount associated therewith, and at least one subaccount being a medical savings account (MSA). Each subaccount incorporates a subset of features available for the master account, the features corresponding to the specific needs dictated by the purpose of the subaccount. The purpose of a subaccount, in addition to being an MSA, can include regular payments (e.g., mortgage and other loans), credit/debit card, retirement account, and the like.
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