If you’re in manufacturing, you already know that a robust benefits package is the best way to attract and retain top talent. Affordable, quality health insurance is often cited as a much sought-after benefit in your industry, but many companies feel trapped by rising costs and limited options.
Roundstone has the answer. Designed specifically for small to mid-size employers, our group self-funded health insurance program offers plan flexibility, claims transparency, and control in managing costs. It’s all the benefits of self-funding – without the volatility – as employers like you band together to collectively self-insure like a Fortune 500. It’s an easy solution that saves you money and gives your business a cashflow injection when you need it most.
A self-funded plan with Roundstone can save you big. The case study below demonstrates the impact of a self-funded plan. The employer in question switched to Roundstone in 2013, and in 5 years saw improved cashflow, along with savings of $565,311. Their PEPY (per employee per year) cost has dropped an average $4,946 annually, and they’ve been able to add services like annual on-site screenings and a wellness initiative, without increasing costs for employees.
Manufacturer of Industrial Labels in Cleveland, OH
Third-Party Administrator: Meritain
Fully Insured Cost as of January 2013 to December 2018:
$2,297,466 (5 year total cost)
Actual Cost Self Insured in the Roundstone Medical Group Captive:
$1,732,155 (5 year total cost)
5 Year Savings:
– Improved Cash Flow
– $4,946 Per Employee Average Annual Savings
– Annual On-Site Screening
– Wellness Initiative
– No Increase for Out-of-Pocket to Employees