May 1, 2014
Kalamazoo, MI: Employers with at least 25 employees will now be able to more effectively self-insure their group health insurance under the umbrella of a locally-forming captive. Synergy Health Strategies, L.L.C. is partnering with nationally recognized Roundstone Management, Ltd. of Ohio to manage the group captive.
Captives have been utilized by larger U.S. companies for decades to self-insure against multiple risks, but their use for health insurance by mid-sized employers is a relatively new phenomenon. According to Roundstone’s David Konrad, “While we’ve been managing a very successful health insurance captive for 10 years, it wasn’t until the last two that interest has soared. We’re seeing many companies take advantage of the increased control, transparency, risk sharing, and returns offered by a group captive.”