Level-funded plans keep coming up in renewal conversations with Oklahoma small employers, usually after someone hears it could lower costs. Here's what it actually is, and who it genuinely fits. What "Level-Funded" Actually Means A level-funded plan is a hybrid between fully-insured and self-funded coverage. You pay a fixed monthly amount — like a traditional premium — but that amount is split into three buckets: claims funding, administrative fees, and stop-loss insurance (p