US 12,462,908 B1
Computer systems and methods for temporary, distributed ledger technology (DLT) network storage of personal information in administration of defined heal insurance plans
R. Keith Henry, Port Saint Lucie, FL (US)
Assigned to The PNC Financial Services Group, Inc., Pittsburgh, PA (US)
Filed by The PNC Financial Services Group, Inc., Pittsburgh, PA (US)
Filed on May 5, 2023, as Appl. No. 18/313,106.
Int. Cl. G16H 10/60 (2018.01)
CPC G16H 10/60 (2018.01) 14 Claims
OG exemplary drawing
 
1. A system for administering defined contribution health insurance plans for employees of an employer, the system comprising:
a health insurance exchange computer system that implements an online health insurance exchange through which eligible employees of the employer register, respectively, a health care plan selection of a health care plan, wherein multiple health care plans are available on the online health insurance exchange, and wherein each of the multiple health care plans has a corresponding carrier;
a distributed ledger technology (DLT) network in communication with the health insurance exchange computer system, wherein:
the DLT network comprises a plurality of computing nodes, wherein the plurality of computing nodes are configured to, for each employee that registers a health care plan selection via the online health insurance exchange:
receive, from the health insurance exchange computer system, one or more transactions, wherein the one or more transactions include data indicative of the health care plan selection by the employee and personal information for the employee that is relevant to the health care plan selection;
store, encryptedly, on a distributed ledger of the DLT network, the one or more transactions; and
upon receipt of a notice that a health care insurance binder has been issued by the corresponding carrier for the employee for the health care plan selected by the employee, remove certain personal information for the employee from the distributed ledger;
a banking computer system, wherein the banking computer system is configured to:
administer an employer master account for the employer, wherein the employer master account comprises a plurality of sub-accounts, such that each employee that registers a health care plan selection via the online health insurance exchange has a corresponding sub-account;
receive funds, via the employer, to fund premium payments for the health care plans of the employees that register health care plan selections via the online health insurance exchange; and
pay, electronically, the premium payments to the corresponding carriers for the health care plans selected by the employees via the online health insurance exchange.