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Self-Funded Doesn’t Mean You’re On Your Own

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Highlights

Captive insurance is a more flexible form of self-funded insurance that can help prevent you from passing increasing costs on to your employees.

– Roundstone is a trusted partner in developing captive insurance plans to meet your specific needs.

– We value data transparency while ensuring HIPAA compliance. The Roundstone CSI (cost saving investigators) team can help your company save money, as we have for many other small to midsize businesses.


Insurance costs are rising faster than inflation, and small to midsize businesses have struggled to keep up. Companies are forced to pass rising costs to their employees through high deductibles and premium increases to stay profitable.

Unfortunately, since wages have not increased at the same rate, this means employees are bringing home less pay, which negatively impacts your ability to hire and retain the top-tier talent your business relies on.

Fortunately, there is a solution to help you provide high-quality benefits to your employees without impacting your budget: Ditch the traditional health insurance model in favor of self-funded group captive insurance.

Group Captive Insurance: A More Flexible Option for Small Business Health Insurance

Captive insurance, a type of self-funded insurance, gives you the flexibility to control coverage plans, costs, vendors, structure, and service providers based on the needs of your employees.

Fully insured insurance carriers offer a one-size-fits-all plan approach. Unfortunately, these plans don’t make sense for many small business healthcare options, which means you pay higher costs every year for benefits your employees don’t use. A group captive insurance plan can save your small business up to 20% on health insurance costs each year.

Fully insured insurance carriers raise your rates every year, but unlike other company expenses, you don’t have access to the information you need to understand why that rate hike happened. You have no power to control the cost of traditional health insurance, which is typically a top-three business expense in your budget.

How Roundstone’s Group Captive Insurance is Different

Time for change

Roundstone is proud to be one of Inc. 5000’s fastest-growing businesses for four years in a row. We believe our commitment to sensational customer service and helping businesses like yours take control of their health insurance expenses will continue to help us lead a healthcare revolution.

Simply put, we believe everyone should have access to affordable healthcare. As a member of our group captive insurance program, we guarantee you will save money over the long term. Roundstone’s captive plans allow you to choose the best plan for your employees based on quantifiable data. We want you to know where every dollar you spend on healthcare coverage goes.

Our exceptional customer service Relationship Managers work hard to get you the coverage you need at an affordable price. What’s more, we get your unspent funds back to you each year so you can continue to invest in your business instead of lining the pockets of health insurance executives.

And we make it easy. You may think that implementing self-funded captive insurance means you are solely responsible for managing all aspects of your insurance plan, but at Roundstone, you’re never alone. As a midsize business, we know you need more than an insurance provider; you need a trusted partner who understands your needs and has your back.

Data Transparency Makes Roundstone Unique

Typing on a tablet

It seems like everything is data-driven these days — except health insurance. We all know traditional health insurance companies have access to thousands, if not millions, of data points, creating a paper trail for every medical expense.

You know they have the data you need to make informed decisions about your health insurance plans. But none of the big insurance companies shares any of those findings with you. Government-mandated changes are on the horizon, but in the meantime, what can you do?

At Roundstone, we believe data should be transparent, and not a single change to your plan should happen without your understanding exactly why. That’s why we put data in your hands.

We pride ourselves on providing you with precise, actionable data benchmarked to national standards for easy comparison. Your automated monthly report is HIPAA-compliant and completely anonymized so you can review it anywhere — from the privacy of your office to the relaxed atmosphere of a coffee shop.

Our CSI Team Works for You

We know data can be overwhelming if you don’t fully understand it, so our Cost Saving Investigators (CSI) team is available to help. Our cost-containment specialists sift through the data on your Dashboard, helping you find potential savings.

But the CSI team isn’t just searching for the cheapest option possible. They know the level of care matters, too, so they also vet providers and help you implement changes to find the perfect balance of coverage and affordability.

Unlike some other insurance providers, we are proud to have talented registered nurses on our CSI team. Nurses are uniquely qualified to help you cut costs while promoting health benefits through efficient plan implementation. They also understand the role of proactive treatment to keep conditions from escalating.

See our blog post “The Evolving Role of Nursing for Improving Cost Containment in Healthcare” to learn more about the importance of including nurses in the health insurance conversation.

Stacks of coin

The CSI team at Roundstone can also help you navigate the claims adjudication process, sourcing additional information to submit in support of your claim to ensure your employees get reimbursement for medical costs.

Our CSI team has helped the businesses that work with us save money in several ways, including:

– Implementing well-being programs to help employees stay healthy (and protect against larger future claims)

– Reducing prescription costs through alternate Pharmacy Benefits Managers (PBMs – your self-funded plan’s secret weapon), who offer the same services at a lower cost

– Initiating case management programs for chronic diseases to keep people out of the emergency room

Our CSI team helped the businesses we worked with save 17% of their premium pool last year, allowing us to return nearly $10 million to them to invest in their businesses.

Roundstone’s Turnkey Solution Makes Switching Easy

One of the biggest reasons business owners don’t switch to captive health insurance is they think it’s too complicated. They’d prefer to stay in a situation where they have no control and lose money because they aren’t health insurance experts. This can hurt your business in the long run, wasting precious dollars you could have channeled into growing your company.

Switching is easier than you think. Working with Roundstone means you have a team of people ready to help you at any moment so you can make the best decisions possible for your employees’ health and your bottom line simultaneously, an unfamiliar concept with fully insured insurance plans.

Since we were founded in 2003, Roundstone has worked hard to assemble a talented team of insurance and medical experts to help you with any service you could need. Your support team includes experts in:

– Underwriting

– Risk management

– Accounting

– Regulations

– Clinical care

– Cost containment

– Data and analytics

– Claims management

– Reinsurance

What does this mean for your business? It means our dedicated onboarding team makes switching to Roundstone just as easy as sticking with your current insurance provider.

Since everything you need is under one roof, you can transition to Roundstone without interrupting your coverage. Our Relationship Managers guide you through every step of the process, answering questions you may have about your coverage options. Think of them as your personal support squad, ready to help you at any time.

Our underwriters help you create a plan that suits your unique needs. You can start from scratch, or you can base your plan around the one you already have but add what’s missing and cut what’s unnecessary.

Developing a flexible insurance policy is made easy when you have the incredible support of Roundstone’s Relationship Managers helping you navigate the process.

Let’s Get Started!

Don’t stay at the mercy of your fully insured health insurance provider, passing increased costs on to your employees year after year. Download our free checklist Is Your Company a Good Fit for Group Captive Health Insurance?, or request a proposal and benchmark review today to start your road to freedom from fully insured health insurance practices.

Want to find out if you’re a good fit for a self-funded plan? Our NEW Checklist helps you decide.

Download Now

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Self-Funded Doesn’t Mean You’re On Your Own

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