Roundstone was founded in 2003 with the mission of creating a better alternative for small and midsize businesses to manage their health benefits. As pressure mounted to provide better funding models for healthcare coverage, Roundstone responded with innovation, growing from a stop-loss reinsurer into the first medical group captive of its kind.
The captive was a fresh new approach to self-funding. It allowed smaller businesses (25-1000 employees) to take advantage of the benefits of self-funded insurance that previously only larger enterprises could enjoy: flexibility, control, transparency, and savings. By banding smaller companies together in a shared-risk community, they were protected from volatility and could be rewarded with extra savings, which could then be invested back into the business.
What began as an entrepreneurial vision of creating a better life for his family and for his employees for Roundstone’s founder and president Michael Schroeder, has evolved into a thriving 140-person company with more than 700 employers participating in its Group Medical Captive. Throughout its history, Roundstone’s prioritization of the well-being of people has remained a guiding light.
“Our success is a testament to the dedication of our team and our growing network of advisor partners who share our employer-centric values. We will continue to innovate our solution and advocate for affordable, high-quality healthcare and a better life for all.” – Mike Schroeder, President and Founder, Roundstone