{"id":46502,"date":"2023-03-30T10:59:23","date_gmt":"2023-03-30T14:59:23","guid":{"rendered":"https:\/\/roundstoneinsurance.com\/?p=46502"},"modified":"2024-07-29T11:53:49","modified_gmt":"2024-07-29T15:53:49","slug":"what-would-tom-cruise-do-mission-possible-and-the-benefits-of-self-insurance","status":"publish","type":"post","link":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/what-would-tom-cruise-do-mission-possible-and-the-benefits-of-self-insurance\/","title":{"rendered":"Mission Possible and the Benefits of Self-Funding Small Business Insurance Plans"},"content":{"rendered":"

The movie opens on a gorgeous Utah mountain cliffside. The camera pans in on Tom Cruise, <\/span>free-soloing up the side of a rock with his bare hands<\/span><\/a><\/span>, thousands of feet in the air. He hangs off a cliff ledge like he\u2019s crunching pull-ups at Planet Fitness, eagles soaring in the panoramic \u2013 no ropes, wires, or parachute.<\/span><\/h2>\n

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Opening credits rolling, Tom Cruise heaves himself up to the top of the mountainside as a helicopter materializes out of nowhere, a calypso soundtrack keeping the beat. A tuxedoed government secret agent torpedoes a message into the ground.\u00a0<\/span><\/p>\n

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Inside is a $100,000 check \u2013 Tom Cruise\u2019s refund of unused spend in his Roundstone Group Medical Captive from his self-funded insurance plan. It\u2019s accompanied by a note, should he choose to accept it:\u00a0<\/span><\/p>\n

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\u201cBelieve it or not \u2013 for the fifth year in a row, you have saved money on your employee health benefits. Here’s your refund check. Bank it, spend it, take the Rain Man to Vegas. It’s yours to enjoy.”<\/strong><\/em><\/p><\/blockquote>\n

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Think <\/span>Mission Impossible<\/span><\/i> is a stretch for a blog on self-funded health insurance? Try this piece of movie trivia on for size, <\/span>courtesy of the IMDB<\/span><\/a><\/span>: \u201cTom Cruise lied to the movie’s insurance agents, saying that he would be letting the stunt crew handle all the major action setpieces. In reality, Cruise did about 95% of his own stunts.\u201d\u00a0<\/span><\/p>\n

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Talk about jumping the couch.\u00a0<\/span><\/p>\n

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Mission Possible is the theme for Roundstone\u2019s Group Medical Captive this May 18 to 19 in Chicago. We believe affordable, quality health insurance should be a reality for everyone, not just the Tom Cruises of the world. Finally, self-funded insurance is a viable option even for small businesses.<\/span><\/p>\n

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You\u2019re invited. Register <\/span><\/a><\/span>here<\/span><\/a>.<\/p>\n

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\"MCF:<\/p>\n

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Self-Funded Insurance on the Group Medical Captive Model: Affordable Employee Health Coverage<\/strong><\/h2>\n

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We\u2019re psyched. And you should be too. Because your business can truly save using self-funded health insurance on the Group Medical Captive model.\u00a0<\/span><\/p>\n

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Founded in 2005, Roundstone\u2019s Group Medical Captive was the first of its kind and revolutionized the healthcare space by making self-funded insurance an affordable and viable option for small to midsize companies \u2013 not just Fortune 500 brands.<\/span><\/p>\n

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Companies only pay for what they deserve to pay, which is what they use. They pay their claims out of pocket, up to a certain deductible they choose. Then payment becomes the responsibility of the stop loss insurer and its reinsurer the Group Medical Captive \u2013 a consolidation of companies like your own who pool their resources to be able to afford self-funded insurance. This way, they enjoy the privileges only large corporations could previously access.<\/span><\/p>\n

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Claims over $500,000 are paid by stop-loss insurance, which allows the company to avoid catastrophic risk.<\/span><\/p>\n

\"How<\/p>\n

Companies only pay for the insurance they use \u2013 what their employees need. Outside of the stop-loss insurance, the rest gets refunded back. In 2022, Roundstone <\/span>distributed $24.4M unspent captive premium pro rata<\/span><\/a><\/span>.<\/span><\/p>\n

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Roundstone\u2019s Medical Captive Forum: Explore the Benefits and Savings of Self-funded Insurance<\/strong><\/h2>\n

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Roundstone\u2019s Medical Captive Forum (MCF) brings employers and benefits advisors together to learn more about self-funding best practices and trends. It\u2019s designed to be educational. We\u2019ll explore a variety of issues in the current health benefits landscape. Learn how to best save money through self-funded insurance using the Group Medical Captive model and improve care quality for your employees.<\/p>\n

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Since 2015, we\u2019ve hosted the event in Cleveland. This year, we decided to freshen things up a bit with a trip to Chicago. This city is absolutely beautiful in May. See your reflection in the \u201cBean\u201d in Millennium Park. Stroll the Chicago River and check out the famous Marina City Towers. And join us for an epic event dedicated to helping employers provide better healthcare benefits to employees \u2013 MCF 2023.<\/span><\/p>\n

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