# Fully insured plan

> Fully insured plan — A group health plan funded by an insurance policy: the employer pays a fixed premium and the carrier bears the claims risk. Regulated by the state's insurance law through the carrier.

Source: https://lopifi.com/glossary/fully-insured-plan
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is fully insured plan?** In accounting, fully insured plan means a group health plan funded by an insurance policy: the employer pays a fixed premium and the carrier bears the claims risk. Regulated by the state's insurance law through the carrier.

## Words this system refuses for it

- self-insured

- **Category:** Benefits
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** group-health-plan