You can select your settings while designing your benefit. For each setting, Level provides a default that you can customize to your needs.
Rollover: You can elect to have a percentage of unused eligible funds roll over into the next benefit period. Rollover is not currently supported for dental or vision plans. If your plan is subject to IRS limitations, we’ll ensure that your rollover adheres to regulations.
Benefit period: Depending on your plan type, you may be able to choose between daily, weekly, monthly, quarterly, annual or lifetime benefit periods.
Proration: For monthly, quarterly, or annual benefit periods, you can enable proration for employee plan eligibility. Monthly plans are prorated on a daily basis. Quarterly and annual plans are prorated on a monthly basis.
Coinsurance: Coinsurance is the percentage of a fee that Level pays for a certain coverage tier. This setting is only available for dental plans.
Coverage tiers: Dental services can be sorted into several different categories. Level sorts dental services into four tiers: preventive and diagnostic, basic, major, and orthodontia. Level’s flexible PPO plans cover each tier at 100%, up to an annual maximum.