Patent attributes
The present invention provides a method and system for enabling an employer or other entity the ability to provide prescription drug coverage efficiently and cost effectively. A card (or other object) may enable access to a general account established by a plan sponsor (e.g., an employer) where the plan sponsor may pay for the pharmacy benefits. As the card is used for the purchase of prescription drugs (or other authorized use), the plan sponsor's general account balance may be reduced. According to another embodiment of the present invention, the card may be restricted for use at selected merchants and may be coded for one or more specific uses, such as obtaining prescription drugs. Other restrictions may be specified for other venues and/or other uses.
