Level-Funded vs. Fully Insured Group Plans Explained
When choosing group health insurance, Oklahoma employers often face two main options: level-funded plans and fully insured plans. Each has pros and cons, and the right choice depends on your company’s size, budget, and goals.
Fully Insured Plans
Employers pay fixed monthly premiums to an insurance company. The insurer assumes all claims risk. These plans are predictable but often more expensive.
Level-Funded Plans
Level-funded plans combine features of fully insured and self-funded coverage. Employers pay a set monthly amount, but if claims are lower than expected, they may receive a refund at year’s end.
Comparison Table
| Feature | Fully Insured | Level-Funded |
|---|---|---|
| Monthly Costs | Fixed, no refunds | Fixed, with refund potential |
| Risk | Carrier assumes risk | Shared with employer |
| Best For | Large companies | Small–medium businesses |
Anchor’s Role
Anchor Financial Group helps Oklahoma businesses compare both options and choose the plan that balances predictability with cost savings.
The right group plan depends on your goals. Anchor makes the choice clear for Oklahoma employers.
Compare group plan options today
See Similar Post : https://myanchorgroup.com/what-is-group-health-insurance-and-how-does-it-work/