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 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.