With a self-funded plan, your business pays employee claims directly, using stop-loss insurance to cap your risk on large or unexpected claims. A level-funded plan works similarly but with a fixed monthly payment that smooths out cash flow, with a settlement at year-end based on actual claims. Both require ongoing oversight to work the way they’re intended.
What’s the difference between self-funded and level-funded health plans?
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About the Author: Ohio Health Benefits Team
Ohio Health Benefits is a locally-owned independent insurance broker serving Ohio from offices in Tallmadge, Canton, and Hiram. We have a reputation for personal attention, flexibility, dependability, and integrity. As a broker, we carefully select both national and Ohio-based insurance companies to provide you with the insurance policies that are the best fit for your unique situation and budget.
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