Final answer:
Employment-based insurance is a type of consumer-driven health plan funding option that is setup and funded by employers.
Step-by-step explanation:
The type of consumer-driven health plan funding option that is setup and funded by employers is called employment-based insurance. It is a health plan coverage that is provided in whole or in part by an employer or union. This type of insurance can cover just the employee or the employee and their family. It is different from direct purchase insurance, which is coverage that an individual buys directly from a private company.