Security Health Plan is offering Wisconsin employers a new health plan option for 2021 that has a predictable monthly cost, opportunity for refunds, protection against catastrophic expenses and transparency on how dollars are spent. Level-funded plans are a hybrid of traditional fully-insured health plans and self-insured health plans.
With level-funded health plans, employers with 10-100 enrolled employees contribute a set, or level, monthly cost. If employers claim costs are less than their contribution for the year, they may be eligible for a refund. This makes level-funding a great option for employers who have a healthy workforce and anticipate low claim costs. Read More: Security Health