{"id":47367,"date":"2023-05-25T00:00:58","date_gmt":"2023-05-25T04:00:58","guid":{"rendered":"https:\/\/roundstoneinsurance.com\/?p=47367"},"modified":"2024-05-14T13:52:31","modified_gmt":"2024-05-14T17:52:31","slug":"mcf-2023-recap-the-roundstone-group-captive-makes-the-mission-of-affordable-benefits-possible","status":"publish","type":"post","link":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/mcf-2023-recap-the-roundstone-group-captive-makes-the-mission-of-affordable-benefits-possible\/","title":{"rendered":"MCF 2023 Recap: The Roundstone Group Captive Makes the Mission of Affordable Benefits Possible"},"content":{"rendered":"<p>Anyone who\u2019s ever been to Chicago knows \u2013 the best cure for the blues is the blues.<\/p>\n<p>&nbsp;<\/p>\n<p>But as anyone who attended Roundstone\u2019s Medical Captive Forum 2023 knows, the best cure for the healthcare blues is self-funded insurance with the Roundstone Captive.<\/p>\n<p>&nbsp;<\/p>\n<p>Talk to employers. Talk to HR. Talk to employees. The problem couldn\u2019t be more obvious. People are getting squeezed by skyrocketing healthcare premiums. <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/top-5-trends-impacting-health-insurance-costs\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">America\u2019s healthcare crisis is only getting worse<\/span><\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>Employers feel it when they get hit with 20% renewal increases year after year. <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/could-self-funded-health-insurance-be-hrs-antidote-to-employee-dissatisfaction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">HR feels frustrated as they struggle to offer attractive benefits<\/span><\/a> to retain employees and attract top talent. Employees <a href=\"https:\/\/www.americanprogress.org\/article\/health-insurance-costs-are-squeezing-workers-and-employers\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">feel the pinch as the rising cost of insurance increasingly drains away their paychecks<\/span><\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/only-29-would-recommend-their-health-insurance-carrier\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">In the fully insured world, nobody\u2019s happy<\/span><\/a> \u2013 except maybe the traditional insurance companies reaping enormous profits off an exceptionally squeezed market.<\/p>\n<p>&nbsp;<\/p>\n<p>Last week in Chicago, roughly 300 guests to MCF 2023 explored our innovative alternative solution that\u2019s affordable and could actually improve the quality of care provided to employees: self-funded health insurance with Roundstone\u2019s Group Medical Captive.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Our Mission: Affordable, High-Quality Healthcare for All<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p>For our 8th annual MCF, we moved the event from Cleveland to Chicago because the enthusiasm for self-funded insurance continues to grow. Roundstone\u2019s Group Medical Captive model enables small to midsize companies to take advantage of the affordability of the self-insurance model. You only pay what you deserve for the insurance you actually use.<\/p>\n<p>&nbsp;<\/p>\n<p>The theme of this year\u2019s MCF was Mission Possible. <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/what-would-tom-cruise-do-mission-possible-and-the-benefits-of-self-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">Providing high-quality, affordable care is truly possible through a self-insured solution<\/span><\/a> with Roundstone\u2019s Group Medical Captive.<\/p>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-47583 \" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Mike-Schroeder-presenting-at-the-2023-MCF-resized-300x200.webp\" alt=\"Mike-Schroeder-presenting-at-the-2023-MCF-resized\" width=\"1079\" height=\"719\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Mike-Schroeder-presenting-at-the-2023-MCF-resized-300x200.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Mike-Schroeder-presenting-at-the-2023-MCF-resized.webp 700w\" sizes=\"(max-width: 1079px) 100vw, 1079px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>We started the show off early on Wednesday with our annual Roundstone Advisory Council, a special meeting with our growth advisor partners. We were honored to meet with them and share updates on Roundstone developments, successes, and goals. Everyone joined various roundtables and discussed an eclectic range of issues happening in self-funded insurance. We capped the evening off with cocktails and dinner on a sunset cruise down the Chicago River.<\/p>\n<p>&nbsp;<\/p>\n<p>Thursday afternoon began with lunch followed by our Captive Participant Meeting. Members of Roundstone\u2019s Captive and their benefits advisors attended educational sessions about the importance of hiring a quality TPA, the savings of cost containment solutions, and tips to optimize your plan document.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Voices of Self-Funded Employers: The Benefits of Perspective<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p>MCF officially kicked off early Thursday afternoon with the debut of a video we put together to celebrate the 20-year anniversary of Roundstone.<\/p>\n<p>&nbsp;<\/p>\n<div style=\"padding: 56.25% 0 0 0; position: relative;\"><iframe style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%;\" title=\"Roundstone Celebrates 20 Years &amp;#039;For a Better Life&amp;#039;\" src=\"https:\/\/player.vimeo.com\/video\/821828740?h=099b0333d7&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p><script src=\"https:\/\/player.vimeo.com\/api\/player.js\"><\/script><br \/>\nThen Roundstone\u2019s Founder and President Mike Schroeder took the stage to welcome everyone.<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><strong><em>\u201cWe call it SELF-Funding, but look around, you are not alone,\u201d he said. \u201cWe\u2019ve got organizations from around the country \u2013 200 employers in 37 states! And we also welcome advisors that partner with us and their clients to improve the way they do benefits. And finally, we have solution providers here who have generously sponsored the event. These are the innovators, the companies that we rely on because they are all aligned with our values and goals.\u201d<\/em><\/strong><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>Next came one of our most popular sessions: Roundstone\u2019s Employer Panel. \u201cVoices of Self-Funded Employers: Insights, Tips, and Lessons Learned\u201d featured Francine Campos, Vice-President and Chief HR <a href=\"https:\/\/nationalroofing.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">at the National Roofing Company<\/span><\/a>, and Lisa Durkin, Vice-President of Human Resources <a href=\"https:\/\/www.clevelandorchestra.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">at the Cleveland Orchestra<\/span><\/a>. They were joined by their benefits advisors <a href=\"https:\/\/www.lblgroup.com\/about-us\/team\/peter-freska\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">Peter Freska, Partner\/Adivosr of the LBL Group\/Acisure<\/span><\/a> and Jennifer Bolyos, CEO of HPA Benefits Counseling.<\/p>\n<p>&nbsp;<\/p>\n<p>The panel shared their journey into the world of self-insurance, the savings benefits and quality advantages of Roundstone\u2019s self-funding model, and tips they learned along the way.<\/p>\n<p>&nbsp;<\/p>\n<p>Thursday\u2019s afternoon sessions were capped off by our keynote: <a href=\"https:\/\/jonpetz.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">Jon Petz, a best-selling author, motivational business speaker, and magician<\/span><\/a>. Through jokes, magic, and inspirational words, he helped MCF attendees better appreciate the value they deliver through their own daily contributions to make the world a better place.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-47584 \" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Jon-Petz-magic-tricks-at-the-2023-MCF-resized-300x200.webp\" alt=\"Jon-Petz-magic-tricks-at-the-2023-MCF-resized\" width=\"1016\" height=\"677\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Jon-Petz-magic-tricks-at-the-2023-MCF-resized-300x200.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Jon-Petz-magic-tricks-at-the-2023-MCF-resized.webp 700w\" sizes=\"(max-width: 1016px) 100vw, 1016px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>From making $100 bills disappear through sleight of hand tricks to balancing Roundstonians mid-air like musical chairs in a feat of physics, his humor and eye-popping magic left many wondering, \u201cHow did he do that?\u201d followed by \u201cDo that again!\u201d Jon Petz\u2019s inspirational message and innovative approach resonated with the crowd.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Drums, Beats, and Satisfaction with Self-funding<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p>The <a href=\"https:\/\/www.chicagobears.com\/fan-zone\/drumline\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">Chicago Bears Drumline started the morning off with a bang of \u201cbooty-shaking\u201d beats<\/span><\/a> that kicked the day into high gear. They brought NFL football stadium energy that inspired the crowd with impromptu dancing and cheers for the home team.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-47585 \" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Chicago-Bears-Drumline-performing-at-the-2023-MCF-resized-300x200.webp\" alt=\"Chicago-Bears-Drumline-performing-at-the-2023-MCF-resized\" width=\"1007\" height=\"671\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Chicago-Bears-Drumline-performing-at-the-2023-MCF-resized-300x200.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Chicago-Bears-Drumline-performing-at-the-2023-MCF-resized.webp 700w\" sizes=\"(max-width: 1007px) 100vw, 1007px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>That energy continued through the morning with the mainstage fireside chat, \u201cThe Benefits of Good Benefits \u2013 How Self-Funding Impacts Employee Satisfaction.\u201d The panel featured Jim Fox, Head of Human Resources <a href=\"https:\/\/www.frcohio.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">at Family Resource Center<\/span><\/a>, and Meg Mayhugh, Founder and Managing Partner at <a href=\"https:\/\/www.peoplearchitects.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">People Architects<\/span><\/a>. These highly experienced HR professionals shared how health benefits play a critical role in shaping company culture, improving employee retention, and attracting top talent \u2013 and how self-funding with a captive improves quality at a price employers can afford.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-47586 \" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Fireside-Chat-at-the-2023-MCF-resized.webp\" alt=\"Fireside-Chat-at-the-2023-MCF-resized\" width=\"1007\" height=\"671\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Fox shared how fully insured can feel like a perpetual roller coaster \u2013 except it feels like you\u2019re going down that first hill all the time in a race to the bottom. But with self-insured, his company hasn\u2019t had to raise premiums the entire time he\u2019s been there. And they saved $525,000 in their first year.<\/p>\n<p>&nbsp;<\/p>\n<p>Mayhugh explained that from the employees\u2019 perspective, self-insurance really doesn\u2019t feel any different from fully insured \u2013 most of her employees aren\u2019t even aware they are self-insured. They just get great benefits at a lower cost.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Self-Insurance 101: Education in Action<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p>One of the most valuable aspects of MCF is its connected kinship of shared intellectual curiosity. We hosted a variety of breakout sessions to help participants make the most of their self-funding experience and provide the best quality benefits to their employees.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-47589 \" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Understanding-Renewals-Breakout-Session-at-the-2023-MCF-resized-300x199.webp\" alt=\"Understanding-Renewals-Breakout-Session-at-the-2023-MCF-resized\" width=\"1010\" height=\"670\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Understanding-Renewals-Breakout-Session-at-the-2023-MCF-resized-300x199.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Understanding-Renewals-Breakout-Session-at-the-2023-MCF-resized.webp 700w\" sizes=\"(max-width: 1010px) 100vw, 1010px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Sessions included:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Captive Financial Management: Where Does the Money Go?<\/strong> \u2013 a closer look at how the captive works from a financial perspective and best practices for employee contribution budgeting.<\/li>\n<li><strong>How to Impact Your Plan Cost: Cost Containment &amp; Claims Processing<\/strong> \u2013 a guide to making the most of your cost containment program to improve the savings and quality of a self-funded plan.<\/li>\n<li><strong>Understanding Renewals<\/strong> \u2013 an outline of the Roundstone renewal process to help you understand, prepare and make the most of your next renewal through an easy and efficient process.<\/li>\n<li><strong>How the Captive Works: Self-funding 101<\/strong> \u2013 a walk-through of the basic fundamentals of self-funded insurance on the group captive model.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>A Better Life Through Self-Funded Insurance<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p>Former <a href=\"https:\/\/teamgleason.org\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">NFL star Steve Gleason<\/span><\/a> delivered closing remarks in a personalized video. A former safety with the New Orleans Saints of the NFL, Gleason is famous for his block of a punt early in the team\u2019s first home game after Hurricane Katrina. The game became an inspirational symbol for New Orleans&#8217; recovery.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-47588 \" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Steve-Gleason-Closing-Keynote-at-the-2023-MCF-resized-300x200.webp\" alt=\"Steve-Gleason-Closing-Keynote-at-the-2023-MCF-resized\" width=\"1037\" height=\"691\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Steve-Gleason-Closing-Keynote-at-the-2023-MCF-resized-300x200.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Steve-Gleason-Closing-Keynote-at-the-2023-MCF-resized.webp 700w\" sizes=\"(max-width: 1037px) 100vw, 1037px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>12 years ago, Gleason <a href=\"https:\/\/teamgleason.org\/steve-story\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">was diagnosed with ALS just before discovering he would become a father<\/span><\/a>. Since then, he has strived to \u201clive impossible\u201d and has survived 9 years past the 3-years doctors originally said he\u2019d live. He shared that with an appreciation of loved ones and gratitude for the things we have, we can truly achieve the Mission Possible of happiness and a better life.<\/p>\n<p>&nbsp;<\/p>\n<p>The mission of providing employees a better life through better benefits truly is possible through a self-funded model. Through self-insurance, employers can have the courage to make a difference in the families of their employees through quality, affordable healthcare.<\/p>\n<p>&nbsp;<\/p>\n<p>If America\u2019s healthcare crisis gives you the blues, self-insurance is the answer. This year in Chicago, MCF attendees learned there is an affordable, innovative solution to <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/how-to-help-your-clients-fight-the-healthcare-system-and-win\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">better benefits and a better life through self-funded health insurance<\/span><\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-47587 \" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Welcome-Reception-at-the-2023-MCF-resized-300x200.webp\" alt=\"Welcome-Reception-at-the-2023-MCF-resized\" width=\"1016\" height=\"677\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Welcome-Reception-at-the-2023-MCF-resized-300x200.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Welcome-Reception-at-the-2023-MCF-resized.webp 600w\" sizes=\"(max-width: 1016px) 100vw, 1016px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>That mission is possible when we decide to step off the hamster wheel of escalating insurance premiums and embrace the savings of self-insurance on a group captive model.<\/p>\n<p>&nbsp;<\/p>\n<p>Thanks to all who attended our MCF 2023 event. It was truly a memorable experience. Together, we are helping to make healthcare affordable to all.<\/p>\n<p>&nbsp;<\/p>\n<p>Stay tuned for main-stage MCF sessions on demand.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/contact-us\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-47316\" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/Blog-CTA-Contact-Us-2.png\" alt=\"Blog-CTA-Contact-Us-2\" width=\"1414\" height=\"403\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"excerpt\">Anyone who\u2019s ever been to Chicago knows \u2013 the best cure for the blues is the blues. &nbsp; But as anyone who attended Roundstone\u2019s Medical Captive Forum 2023 knows, the best cure for the healthcare blues is self-funded insurance with the Roundstone Captive. &nbsp; Talk to employers. Talk to HR. Talk to employees. The problem [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":47391,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1834],"tags":[],"class_list":["post-47367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-events"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v25.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MCF 2023 Recap: The Roundstone Group Captive Makes the Mission of Affordable Benefits Possible | Roundstone Insurance<\/title>\n<meta name=\"description\" content=\"At MCF 2023, attendees explored a better alternative for employee health benefits with self-insurance through the Roundstone group captive.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" 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