This session will provide an in-depth overview of self-funded and level-funded health plans, focusing on how these arrangements are structured, how they operate in practice, and the compliance obligations that come with them. Attendees will gain insights into key legal considerations, as well as practical issues such as stop-loss coverage, cash flow, and risk allocation. The discussion will highlight advantages and challenges for employers, common pitfalls to avoid, and best practices for maintaining compliance while managing costs.