Health quant data modeler with health care real options analytics, rapid economic justification, and affordable care act enabled options

A programmed computer system for health plan financial analysis with respect to employer sponsored insurance and non-insurance alternatives comprising:

• a processor;
• a memory coupled to said processor, the memory having processor executable instruction stored therein, the execution of said processor executable instructions comprising:
• a premium tax credit calculation module, wherein said premium tax credit calculation module is configured to determine premium tax credit eligibility status and premium tax credit amount;
• an exceptions report module, wherein said exceptions report module is designed to calculate the financial impact of the options available to an employer in managing the minimum affordability requirement through salary or contribution adjustments or assuming the penalty risk;
• a rapid economic justification module, wherein said rapid economic justification module is configured to:
• receive input assumptions, wherein said input assumptions are employer centric parameters used in combination with simulation to calculate representative economic results,
• calculate economic results, wherein said economic results detail three specific employer sponsored insurance and non-insurance options based on the input assumptions,
• create an indifference analysis graph, wherein a chart is plotted to provide a visual comparison of the economic results, and
• compute simulation analytics, wherein risk simulation is used improve a confidence level in a choice of said one or employer more health-care cost options;
• and an options variables module, wherein said options variables module is configured to:

A computer-implemented method for health-care plan selection, said method comprising the steps of:

• determining premium tax credit eligibility status, premium tax credit amounts, cost sharing reduction eligibility and subsidies;
• determining employer and employee shared responsibility requirements;
• performing a detailed cost analysis for each option an employer studies in making their financial assessment toward the continuation, adjustment or termination of employer sponsored health-care coverage;
• receiving input assumptions, wherein said input assumptions are one or more employer specific parameters entered that relate to the health-care coverage for the employees and dependents of the employer;
• calculating economic results, wherein said economic results detail the expansion of multiple employer health-care cost options based on the input assumptions;
• creating an indifference analysis graph, wherein a chart is plotted to provide a visual comparison of the economic results;
• computing simulation analytics, wherein risk simulation is used improve a confidence level in a choice of said employer one or more health-care cost options;
• calculating the employer tax shift, wherein the tax consequences to an employee are estimated based upon the selection of the termination of employer sponsored health-care coverage option by the employer;
• determining employee income expansion, wherein said employee income expansion is the greater of actual employer-reported income and the income from the US Census Bureau Economic Census data sourced by geography and number of dependents;
• determining premium tax credit calculation basis, wherein said premium tax credit calculation basis is selected between the total number of dependents or only the employee;
• and
• and
• determining an allocation distribution model, wherein said allocation distribution model applies multiple methods of distributing savings generated by the health-care coverage option selected by the employer.