Level-funded plan

In accounting, level-funded plan means a self-funded planBenefitsSelf-insured planA group health plan that pays claims out of the employer's own funds, usually through a third-party administrator and with stop-loss insurance. Generally not subject to state health insurance laws, though the ACA's group market reforms still apply sold to small employers as a fixed monthly payment covering expected claims, administration and stop-loss insuranceBenefitsStop-loss insuranceA policy that reimburses a self-insured employer when claims pass a threshold — per person (specific) or in total (aggregate). It insures the employer, not the employees, and is generally not health insurance under state law with a low attachment point. Legally a self-insured plan, whatever the invoiceReceivablesInvoiceA claim on a customer looks like.