{"id":48306,"date":"2023-07-11T00:00:06","date_gmt":"2023-07-11T04:00:06","guid":{"rendered":"https:\/\/roundstoneinsurance.com\/?p=48306"},"modified":"2024-08-28T14:05:43","modified_gmt":"2024-08-28T18:05:43","slug":"roundstone-reports-8-million-distributed-back-to-its-group-captive-participants","status":"publish","type":"post","link":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/roundstone-reports-8-million-distributed-back-to-its-group-captive-participants\/","title":{"rendered":"Roundstone Reports $8 Million Distributed Back to Its Group Captive Participants"},"content":{"rendered":"

Returning all captive underwriting profits to employers demonstrates Roundstone\u2019s commitment to alignment with employers\u2019 interests<\/em><\/p>\n

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LAKEWOOD, Ohio, July 11, 2023 \/PRNewswire\/<\/strong> — Roundstone, a prominent health benefits captive providing self-funded solutions to small and midsized businesses, has announced a $8 million pro rata cash distribution for business owners nationwide\u00a0who currently participate in the company\u2019s group medical captive. Participants in the Roundstone Captive have the power of large numbers to protect against claim volatility,\u00a0the control to implement cost containment strategies, and the promise to always prioritize the best interests of the employers and their employees.<\/span>\u00a0<\/span><\/p>\n

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By leveraging the Roundstone Captive, companies are able to self-insure safely. The Captive, with its thousands of lives, acts as an additional protective layer that absorbs risk, reduces stop-loss fixed costs, and gives smaller companies the advantages of self-insuring like the Fortune 500s. The solution offers employers control over healthcare spend by leveraging data-informed insights and cost-containment strategies, flexibility in plan design, and full transparency from dollar one, delivering all savings back to employers where they belong.\u00a0<\/span>\u00a0<\/span><\/p>\n

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\u00a0\u201cTrillions of dollars are spent in the United States on healthcare,\u201d says Michael Schroeder, President and Founder of Roundstone. \u201cAnd unfortunately, it has become very easy for people in this industry to be sidetracked into pursuing an increasing share of these escalating costs. At Roundstone, we believe we will be plenty profitable if we simply remain focused on our objective, which is delivering quality, affordable, healthcare to these employers and their employees.\u201d\u00a0<\/em><\/strong><\/p><\/blockquote>\n

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Remaining laser-focused on this objective is evident not only in the solution Roundstone provides, but within their broader strategic decision-making strategy as well. Roundstone foregoes revenue sharing from its PBM, TPA and cost containment partners and also passes on any reduction in its stop loss partners administrative expense to the employers in lieu of retaining these savings as profit.\u00a0<\/span><\/p>\n

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To learn more about The Roundstone Captive, please visit: <\/span>https:\/\/roundstoneinsurance.com\/excelsior<\/span><\/a>\u00a0<\/span><\/p>\n

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