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Spring Awarded Two Additional Patents for Its Innovative Benefits Funding Strategies

29-Nov-2011 | Source : AG-IP News | Visits : 5002
BOSTON, MA - Spring Consulting Group, LLC. and internationally recognized provider of benefits funding strategies, initially captured headlines in June 2010 when it was awarded its first US Patent - a patent which was recognized as the first of its kind and subsequently led to Spring being awarded the Business Insurance Innovation Award for Risk Financing in March 2011.

Spring stated in a press release that it has done it again with two new patents. On November 15, 2011, the US Patent and Trademark Office awarded US Patent Nos. 8,060,384 and 8,060,387 to Spring. 

The two new patents are a further testament to Spring's innovative approach of providing benefits funding strategies to its clients and extends Spring's exclusivity in the area of funding benefits with a captive insurance company providing life and/or health insurance. Spring's patented funding processes enable organizations to manage and stabilize the costs associated with providing employee and retiree benefits while still ensuring benefits coverage for these individuals. 

For most companies, employee benefits represent a significant financial investment. As every benefits director knows, the costs of employee benefits have dramatically increased over the last decade. Spring's alternative funding methods help organizations save up to 30% on employee benefits costs.
Karin Landry, Managing Partner at Spring said: "Spring continues to expand our innovative methodologies to assist our clients in funding employee benefits. I am pleased that our innovation and hard work in this field continues to be recognized."

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