The proposed plan is structured as ‘Level Funded’, which entails the deliberate removal of any potential risk to the sponsoring employer beyond the initial 12-month premium payment period.
Through the blending of specific and aggregate insurance coverage, as per the respective requirements of each state, participating employers can attain the desired flexibility without incurring the risk typically associated with traditional self-funding.
Overall, level-funded plans are a good option for employers who are looking for a self-funded health insurance plan that can provide them with more control over their health care costs. However, employers should be aware of the potential risks and disadvantages before choosing a level-funded plan
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