ISCEBS Fellow Practice Questions - Fellow, International Society Of Certified Employee Benefit Specialists Exam

Which feature most distinguishes a level-funded medical plan from a traditional self-funded plan?

Level-funded plans are always subject to state-mandated benefit laws Level-funded plans charge a fixed monthly amount that bundles expected claims, administration, and stop-loss Level-funded plans cannot include any stop-loss coverage Level-funded plans must be filed with state insurance departments as fully insured products

Correct Answer:

Level-funded plans charge a fixed monthly amount that bundles expected claims, administration, and stop-loss

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