{"id":53665,"date":"2024-05-14T10:03:37","date_gmt":"2024-05-14T14:03:37","guid":{"rendered":"https:\/\/roundstoneinsurance.com\/?p=53665"},"modified":"2024-07-29T11:41:25","modified_gmt":"2024-07-29T15:41:25","slug":"self-funding-challenges","status":"publish","type":"post","link":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/","title":{"rendered":"6 Self-Funding Challenges and How to Overcome Them"},"content":{"rendered":"<p><strong>Highlights\u00a0\u00a0<\/strong><\/p>\n<ul>\n<li aria-level=\"1\">Self-funding offers a more affordable approach to health insurance for small businesses.<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\">When considering alternative health insurance arrangements, perceived self-funding challenges may make you hesitant to switch.<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\">Understanding these challenges and how to combat them can help you embrace self-funding for better coverage and cost savings.<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\">Roundstone is a leader in self-funded group captive insurance and can help you transition smoothly for cost-effective coverage.<\/li>\n<\/ul>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/how-self-funded-health-insurance-works\/\">Self-funding is a cost-effective health insurance choice<\/a> for small to midsize businesses (SMBs), offering savings and customized coverage. This option gives you more control over your insurance but can also mean more risk and the challenge of handling claims yourself. That\u2019s why self-funding has traditionally only been accessible to Fortune 500 companies with a sizable employee pool for risk predictability and the internal resources to handle claims.<\/p>\n<p>&nbsp;<\/p>\n<p>Fortunately, innovation is changing the game \u2014 and finally making self-funded health insurance accessible to small and medium-sized businesses.<\/p>\n<p>&nbsp;<\/p>\n<p>While self-funding may seem inaccessible due to limited resources and specialized knowledge, <strong>Roundstone offers a novel approach that makes self-funding easy<\/strong>. Our group captive model minimizes risk and gives you a dedicated team to help design, implement, and maintain a cost-effective insurance plan.<\/p>\n<p>&nbsp;<\/p>\n<p>Learn how <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/top-five-employer-objections-captive-insurance\/\">we can help you overcome self-funding challenges<\/a> to see improved cost savings and better health for everyone in your organization. Affordable insurance that still delivers quality benefits <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/who-we-serve\/small-businesses\/\">is finally in reach for small to midsize businesses<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2021\/09\/Is-Your-Company-a-Good-Candidate-for-Group-Captive-Insurance-Checklist.pdf?__mscta=3147_92678_13181\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-28867 size-full\" style=\"width: 100%;\" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/03\/is-captive-insurance-right-for-you.jpeg\" alt=\"is-captive-insurance-right-for-you\" width=\"1800\" height=\"514\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/03\/is-captive-insurance-right-for-you.jpeg 1800w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/03\/is-captive-insurance-right-for-you-300x86.jpeg 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/03\/is-captive-insurance-right-for-you-1024x292.jpeg 1024w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/03\/is-captive-insurance-right-for-you-768x219.jpeg 768w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/03\/is-captive-insurance-right-for-you-1536x439.jpeg 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2>Self-Funding With a Group Captive<\/h2>\n<p>Pioneered by Roundstone in 2005, the self-funded group captive model is a specialized type of self-insurance for health coverage traditionally used in areas like property and casualty insurance. Roundstone adapted the model for health insurance, providing an innovative solution for small businesses.<\/p>\n<p>&nbsp;<\/p>\n<p>In a group captive, also known as a stop-loss captive, multiple companies come together to form a collective insurance pool. This shared approach helps distribute the risk of expensive claims among all members, making costs more predictable and manageable. Each company contributes to the fund used for claims, allowing members to customize insurance coverage to meet the needs of its employees.<\/p>\n<p>&nbsp;<\/p>\n<p>For more information on how group captives work, see our article, <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/group-captives-offer-freedom-of-choice\/\">You\u2019re In Control: Group Captives Offer Freedom of Choice<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<h2>6 Self-Funding Challenges and How to Overcome Them<\/h2>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/how-to-switch-to-self-funded-insurance\/\">Moving from traditional insurance to a self-funded plan can be daunting<\/a>, especially when faced with challenges like risk management, administrative complexity, and cost predictability. Roundstone understands these hurdles and offers tailored solutions to address them.<\/p>\n<p>&nbsp;<\/p>\n<p>Here are six common self-funding challenges and how Roundstone can help you overcome them.<\/p>\n<p>&nbsp;<\/p>\n<h3>1. Risk Management<\/h3>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-53666\" style=\"width: 100%;\" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/preventing-blocks-from-knocking-over-jpg.webp\" alt=\"preventing blocks from knocking over\" width=\"885\" height=\"664\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/preventing-blocks-from-knocking-over-jpg.webp 885w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/preventing-blocks-from-knocking-over-300x225.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/preventing-blocks-from-knocking-over-768x576.webp 768w\" sizes=\"(max-width: 885px) 100vw, 885px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>With self-funding, a major concern is high-cost or catastrophic claims, like an unexpected serious illness or an expensive medical procedure. When you pay for these costs yourself, it\u2019s natural to worry about their impact on your company\u2019s healthcare budget, or how you will afford them.<\/p>\n<p>&nbsp;<\/p>\n<p>At Roundstone, we address the risk of high-cost claims through <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/understanding-stop-loss-insurance\/\">stop-loss insurance<\/a>. When you join, your plan will include this coverage, which steps in to pay any claim amount that exceeds a predetermined threshold. This feature protects your business from large, unexpected expenses, mitigating financial risk. Stop-loss insurance makes self-funding a safe and predictable solution to high healthcare costs.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/group-stop-loss-captives\/\">In our group captive model, the sharing of risk among all members<\/a> also leads to more predictable costs for your business and reduces your individual risk exposure. This provides a safety net against high-cost claims and ensures cost stability, giving you peace of mind in your health insurance strategy. Under a group stop-loss captive, you gain risk predictability because your company is pooled with many small to midsize businesses like yours. The Captive covers thousands of lives, so you can self-insure with the same confidence as a Fortune 500 company, even if you only have 25 employees.<\/p>\n<p>&nbsp;<\/p>\n<h3>2. Complexity and Administration<\/h3>\n<p>Managing a self-funded plan can seem overwhelming due to its administrative complexity. Handling claims processing or staying compliant with health regulations can feel impossible if you have limited resources or lack specialized knowledge or training.<\/p>\n<p>&nbsp;<\/p>\n<p>The Roundstone approach to self-funding eases these challenges for SMBs. We provide a streamlined administrative platform, taking the hassle out of managing your plan. Our team of experts, typically including a <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/7-secrets-to-finding-a-tpa-that-fits-your-needs\/\">third-party administrator<\/a> (TPA) chosen by you, deals with claims management, ensures compliance with applicable laws, and creates plan documentation.<\/p>\n<p>&nbsp;<\/p>\n<p>We <a href=\"https:\/\/choosebywater.com\/\">recommend working with Bywater, our in-house TPA<\/a>, though you are free to work with any TPA you choose. Or we can make a recommendation from our list of vetted TPAs if you prefer.<\/p>\n<p>&nbsp;<\/p>\n<p>This support alleviates the administrative burden, allowing you to concentrate on your core business activities while still being in charge of your healthcare benefits.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2021\/09\/Is-Your-Company-a-Good-Candidate-for-Group-Captive-Insurance-Checklist.pdf?__mscta=3145_98863_13181\"><img decoding=\"async\" class=\"aligncenter wp-image-30713 size-full\" style=\"width: 100%;\" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/04\/cta-How-Much-Can-You-Save-with-Captive-Insurance_1800x.jpeg\" alt=\"How-Much-Can-You-Save-with-Captive-Insurance_1800x\" width=\"1800\" height=\"514\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/04\/cta-How-Much-Can-You-Save-with-Captive-Insurance_1800x.jpeg 1800w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/04\/cta-How-Much-Can-You-Save-with-Captive-Insurance_1800x-300x86.jpeg 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/04\/cta-How-Much-Can-You-Save-with-Captive-Insurance_1800x-1024x292.jpeg 1024w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/04\/cta-How-Much-Can-You-Save-with-Captive-Insurance_1800x-768x219.jpeg 768w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/04\/cta-How-Much-Can-You-Save-with-Captive-Insurance_1800x-1536x439.jpeg 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3>3. Cost Predictability<\/h3>\n<p>You may be concerned about cost predictability when switching from traditional insurance to self-funding. In a traditional plan, you pay a fixed monthly premium with little to no variable costs. In contrast, you may have as much as <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/fixed-vs-variable-group-captive-health-insurance-costs\/\">85% variable spending<\/a> with a group captive plan. When costs are variable, you can control them with data-driven cost saving solutions to further improve the savings of your self-funded health insurance plan.<\/p>\n<p>&nbsp;<\/p>\n<p>With a <a href=\"https:\/\/www.kff.org\/report-section\/ehbs-2023-section-1-cost-of-health-insurance\/\">22% increase in premiums<\/a> over the past five years, it might be time to consider the cost-saving potential of a self-funded plan. Although it allows for variability, Roundstone\u2019s group captive model provides a more predictable cost structure than traditional self-funding.<\/p>\n<p>&nbsp;<\/p>\n<p>You\u2019ll pay fixed monthly premiums for claims and stop-loss insurance, similar to a traditional model, but get the benefit of 100% reimbursement on any unused premium funds at the end of the year. The <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/05\/The-Roundstone-Guarantee-Handout_may2024.pdf\">Roundstone guarantee<\/a> promises you\u2019ll save money. If you don\u2019t see savings after five years, we\u2019ll make up the difference.<\/p>\n<p>&nbsp;<\/p>\n<p>In fact, two-thirds of Roundstone customers save enough in their first four years to entirely pay for their fifth year of claims. And 100% save money, full stop.<\/p>\n<p>&nbsp;<\/p>\n<p>And you don\u2019t have to take our word for it. The Validation Institute verified <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/roundstones-captive-solution-for-employee-health-benefits-verified-by-validation-institute-for-cost-savings\/\">employers in the Roundstone Captive save significantly<\/a> compared to a fully insured plan.<\/p>\n<p>&nbsp;<\/p>\n<p>We\u2019ve <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/roundstone-celebrates-20-years-of-innovation-growth-and-a-better-life-for-all\/\">returned over $72 million<\/a> in premiums over the last 20 years, helping companies quit overpaying on insurance and keep more of their own money.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-53667\" style=\"width: 100%;\" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/smiling-group-of-colleagues-jpg.webp\" alt=\"smiling group of colleagues\" width=\"885\" height=\"500\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/smiling-group-of-colleagues-jpg.webp 885w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/smiling-group-of-colleagues-300x169.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/smiling-group-of-colleagues-768x434.webp 768w\" sizes=\"(max-width: 885px) 100vw, 885px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3>4. Access to Quality Care<\/h3>\n<p>Shifting to self-funding might raise concerns about potentially compromising your employees&#8217; healthcare quality. For instance, you might <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/how-self-funded-insurance-lowers-costs\/\">worry about limited access to top medical providers or services or brand-name prescription medications<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>However, at Roundstone, we emphasize that managing costs doesn\u2019t mean sacrificing care quality. Our approach involves crafting customized plans and operating transparently, allowing your business to maintain or even improve healthcare quality.<\/p>\n<p>&nbsp;<\/p>\n<p>For instance, you have the flexibility to strategically choose providers and services, effectively meeting your employees\u2019 healthcare needs while spending less.<\/p>\n<p>&nbsp;<\/p>\n<p>You can include strategies like:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">Instating a <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2022\/07\/Roundstone-Insurance-Case-Study_-A-New-Start-Gets-a-Fresh-Start-on-Health-Insurance_3-1.pdf\">Direct Primary Care Program<\/a><\/li>\n<li aria-level=\"1\">Using <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC5516836\/\">Centers of Excellence<\/a><\/li>\n<li aria-level=\"1\">Building <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/how-healthcare-concierge-services-complement-self-funded-insurance\/\">concierge services<\/a> into your plan<\/li>\n<li aria-level=\"1\">Implementing telehealth and behavioral health coverage<\/li>\n<li aria-level=\"1\">Offering employee <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/launch-wellness-program\/\">well-being programs<\/a><\/li>\n<li aria-level=\"1\">Partnering with transparent <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/pharmacy-benefit-managers-your-self-funded-plans-secret-weapon\/\">pharmacy benefits managers<\/a> (PBM) to lower prescription medication costs<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>5. The Transition Process<\/h3>\n<p>Feeling overwhelmed about switching to a self-funded plan is common, especially when considering the intricacies of <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/designing-your-group-captive-plan-to-cut-costs-your-way\/\">plan design<\/a>, setting up claim processes, and ensuring compliance with <a href=\"https:\/\/www.hcaa.org\/page\/selffunding\">self-insurance laws<\/a>. These tasks can appear complex and time-consuming.<\/p>\n<p>&nbsp;<\/p>\n<p>Roundstone makes sure <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funded-doesnt-mean-youre-on-your-own\/\">you are not alone<\/a> during this transition. We provide thorough support and expertise at every stage, from analyzing your needs to implementing and managing your plan. Our team, including a customer service manager, advisor, and CSI Team, guides you through each step, ensuring the switch to self-funding is smooth and stress-free.<\/p>\n<p>&nbsp;<\/p>\n<p>And our support doesn\u2019t stop after you join. Our <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/cost-savings-investigators\/\">Cost Saving Investigators (CSI) team<\/a> will continue to work with you to identify cost-saving opportunities you can take advantage of anytime \u2014 you\u2019ll never need to wait until the end of the plan year to make changes.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2021\/09\/Is-Your-Company-a-Good-Candidate-for-Group-Captive-Insurance-Checklist.pdf?__mscta=3146_92678_13181\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-47520 size-full\" style=\"width: 100%;\" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/06\/can-captive-insurance-help-your-company-save-money-cta-jpg.webp\" alt=\"can captive insurance help your company save money\" width=\"1800\" height=\"514\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/06\/can-captive-insurance-help-your-company-save-money-cta-jpg.webp 1800w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/06\/can-captive-insurance-help-your-company-save-money-cta-300x86.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/06\/can-captive-insurance-help-your-company-save-money-cta-1024x292.webp 1024w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/06\/can-captive-insurance-help-your-company-save-money-cta-768x219.webp 768w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/06\/can-captive-insurance-help-your-company-save-money-cta-1536x439.webp 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3>6. Regulatory Compliance<\/h3>\n<p>Adherence to healthcare regulations such as the <a href=\"https:\/\/www.cdc.gov\/phlp\/publications\/topic\/hipaa.html\">Health Insurance Portability and Accountability Act<\/a> (HIPAA), the <a href=\"https:\/\/www.dol.gov\/general\/topic\/health-plans\/erisa\">Employee Retirement Income Security Act<\/a> (ERISA), and the <a href=\"https:\/\/www.healthcare.gov\/glossary\/affordable-care-act\">Affordable Care Act<\/a> (ACA) can be intimidating, especially for businesses without a dedicated legal team. The risk of non-compliance brings potential fees and penalties, adding to the complexity.<\/p>\n<p>&nbsp;<\/p>\n<p>Roundstone can step in to ensure you meet all relevant healthcare regulations. Our expertise and support simplify complex healthcare laws, allowing you to confidently manage your plan. We connect you with a TPA, who will handle these regulatory issues, enabling you to enjoy the benefits of self-funding without the hassle.<\/p>\n<p>&nbsp;<\/p>\n<h2>Beat Self-Funding Challenges With a Group Captive Plan from Roundstone<\/h2>\n<p>Tired of the limitations and <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/why-is-healthcare-so-expensive-the-significant-rise-of-hospital-costs\/\">high costs of traditional health insurance<\/a>? Roundstone\u2019s group captive plan can help you successfully navigate the challenges of self-funding with wide-ranging support, cost predictability, and streamlined onboarding.<\/p>\n<p>&nbsp;<\/p>\n<p>ROUNDSTONE is an innovative employee health benefits company. We help small and midsize organizations offer competitive benefits at a lower cost by self-funding health insurance through our group medical captive. The Roundstone Captive enables companies to self-insure safely by pooling hundreds of employers together to share risk and save money.<\/p>\n<p>&nbsp;<\/p>\n<p>With easy onboarding and personalized support every step of the way, the captive offers control, flexibility, and transparency, and returns all savings back to employers where they belong. We believe in always aligning with the employers\u2019 best interests and remain committed to our mission \u2014 quality, affordable healthcare and a better life for all.<\/p>\n<p>&nbsp;<\/p>\n<p>Experience the freedom of customizing your health plan while gaining control over costs. <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/contact-us\/?__mscta=3303_98863_13181\">Contact us<\/a> today and start shaping more efficient and tailored health insurance for your business.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/contact-us\/?__mscta=3303_98863_13181\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-50986 size-full\" style=\"width: 100%;\" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2021\/09\/self-funded-saves-money-cta-jpg.webp\" alt=\"self-funded saves money cta\" width=\"1200\" height=\"628\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2021\/09\/self-funded-saves-money-cta-jpg.webp 1200w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2021\/09\/self-funded-saves-money-cta-300x157.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2021\/09\/self-funded-saves-money-cta-1024x536.webp 1024w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2021\/09\/self-funded-saves-money-cta-768x402.webp 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"excerpt\">Highlights\u00a0\u00a0 Self-funding offers a more affordable approach to health insurance for small businesses. When considering alternative health insurance arrangements, perceived self-funding challenges may make you hesitant to switch. Understanding these challenges and how to combat them can help you embrace self-funding for better coverage and cost savings. Roundstone is a leader in self-funded group captive [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":53668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1827],"tags":[],"class_list":["post-53665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employers"],"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>6 Self-Funding Challenges and How to Overcome Them | Roundstone Insurance<\/title>\n<meta name=\"description\" content=\"Explore six potential self-funding challenges for small businesses and how to overcome them with Roundstone\u2019s innovative group stop-loss captive.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 Self-Funding Challenges and How to Overcome Them\" \/>\n<meta property=\"og:description\" content=\"Explore six potential self-funding challenges for small businesses and how to overcome them with Roundstone\u2019s innovative group stop-loss captive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/\" \/>\n<meta property=\"og:site_name\" content=\"Roundstone Insurance\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RoundstoneInsurance\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-14T14:03:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-29T15:41:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Roundstone\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Explore six potential self-funding challenges for small businesses and how to overcome them with Roundstone\u2019s innovative group captive insurance model.\" \/>\n<meta name=\"twitter:creator\" content=\"@CaptiveInsurer\" \/>\n<meta name=\"twitter:site\" content=\"@CaptiveInsurer\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Roundstone\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/\"},\"author\":{\"name\":\"Roundstone\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/person\/f9ad2b64e1cf7106e8ef9a194e75eada\"},\"headline\":\"6 Self-Funding Challenges and How to Overcome Them\",\"datePublished\":\"2024-05-14T14:03:37+00:00\",\"dateModified\":\"2024-07-29T15:41:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/\"},\"wordCount\":1610,\"publisher\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#organization\"},\"image\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg\",\"articleSection\":[\"Employers\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/\",\"url\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/\",\"name\":\"6 Self-Funding Challenges and How to Overcome Them | Roundstone Insurance\",\"isPartOf\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg\",\"datePublished\":\"2024-05-14T14:03:37+00:00\",\"dateModified\":\"2024-07-29T15:41:25+00:00\",\"description\":\"Explore six potential self-funding challenges for small businesses and how to overcome them with Roundstone\u2019s innovative group stop-loss captive.\",\"breadcrumb\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#primaryimage\",\"url\":\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg\",\"contentUrl\":\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg\",\"width\":1800,\"height\":1200,\"caption\":\"woman typing on a laptop\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/roundstoneinsurance.com\/excelsior\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"6 Self-Funding Challenges and How to Overcome Them\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#website\",\"url\":\"https:\/\/roundstoneinsurance.com\/excelsior\/\",\"name\":\"Roundstone Insurance\",\"description\":\"Better Benefits. Better Life.\",\"publisher\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/roundstoneinsurance.com\/excelsior\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#organization\",\"name\":\"Roundstone Insurance\",\"url\":\"https:\/\/roundstoneinsurance.com\/excelsior\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/roundstoneinsurance.com\/wp-content\/uploads\/2020\/01\/NEW-Roundstone-Primary-Logo_Navy.jpg?fit=600%2C104&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/roundstoneinsurance.com\/wp-content\/uploads\/2020\/01\/NEW-Roundstone-Primary-Logo_Navy.jpg?fit=600%2C104&ssl=1\",\"width\":\"600\",\"height\":\"104\",\"caption\":\"Roundstone Insurance\"},\"image\":{\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/RoundstoneInsurance\",\"https:\/\/x.com\/CaptiveInsurer\",\"https:\/\/www.linkedin.com\/company\/roundstone\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/person\/f9ad2b64e1cf7106e8ef9a194e75eada\",\"name\":\"Roundstone\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/124b8744196128eed183e2d72f59a42c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/124b8744196128eed183e2d72f59a42c?s=96&d=mm&r=g\",\"caption\":\"Roundstone\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"6 Self-Funding Challenges and How to Overcome Them | Roundstone Insurance","description":"Explore six potential self-funding challenges for small businesses and how to overcome them with Roundstone\u2019s innovative group stop-loss captive.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"6 Self-Funding Challenges and How to Overcome Them","og_description":"Explore six potential self-funding challenges for small businesses and how to overcome them with Roundstone\u2019s innovative group stop-loss captive.","og_url":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/","og_site_name":"Roundstone Insurance","article_publisher":"https:\/\/www.facebook.com\/RoundstoneInsurance","article_published_time":"2024-05-14T14:03:37+00:00","article_modified_time":"2024-07-29T15:41:25+00:00","og_image":[{"width":1800,"height":1200,"url":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg","type":"image\/jpeg"}],"author":"Roundstone","twitter_card":"summary_large_image","twitter_description":"Explore six potential self-funding challenges for small businesses and how to overcome them with Roundstone\u2019s innovative group captive insurance model.","twitter_creator":"@CaptiveInsurer","twitter_site":"@CaptiveInsurer","twitter_misc":{"Written by":"Roundstone","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#article","isPartOf":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/"},"author":{"name":"Roundstone","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/person\/f9ad2b64e1cf7106e8ef9a194e75eada"},"headline":"6 Self-Funding Challenges and How to Overcome Them","datePublished":"2024-05-14T14:03:37+00:00","dateModified":"2024-07-29T15:41:25+00:00","mainEntityOfPage":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/"},"wordCount":1610,"publisher":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#organization"},"image":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#primaryimage"},"thumbnailUrl":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg","articleSection":["Employers"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/","url":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/","name":"6 Self-Funding Challenges and How to Overcome Them | Roundstone Insurance","isPartOf":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#website"},"primaryImageOfPage":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#primaryimage"},"image":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#primaryimage"},"thumbnailUrl":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg","datePublished":"2024-05-14T14:03:37+00:00","dateModified":"2024-07-29T15:41:25+00:00","description":"Explore six potential self-funding challenges for small businesses and how to overcome them with Roundstone\u2019s innovative group stop-loss captive.","breadcrumb":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#primaryimage","url":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg","contentUrl":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg","width":1800,"height":1200,"caption":"woman typing on a laptop"},{"@type":"BreadcrumbList","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funding-challenges\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/roundstoneinsurance.com\/excelsior\/"},{"@type":"ListItem","position":2,"name":"6 Self-Funding Challenges and How to Overcome Them"}]},{"@type":"WebSite","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#website","url":"https:\/\/roundstoneinsurance.com\/excelsior\/","name":"Roundstone Insurance","description":"Better Benefits. Better Life.","publisher":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/roundstoneinsurance.com\/excelsior\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#organization","name":"Roundstone Insurance","url":"https:\/\/roundstoneinsurance.com\/excelsior\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/roundstoneinsurance.com\/wp-content\/uploads\/2020\/01\/NEW-Roundstone-Primary-Logo_Navy.jpg?fit=600%2C104&ssl=1","contentUrl":"https:\/\/i0.wp.com\/roundstoneinsurance.com\/wp-content\/uploads\/2020\/01\/NEW-Roundstone-Primary-Logo_Navy.jpg?fit=600%2C104&ssl=1","width":"600","height":"104","caption":"Roundstone Insurance"},"image":{"@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/RoundstoneInsurance","https:\/\/x.com\/CaptiveInsurer","https:\/\/www.linkedin.com\/company\/roundstone\/"]},{"@type":"Person","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/person\/f9ad2b64e1cf7106e8ef9a194e75eada","name":"Roundstone","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/roundstoneinsurance.com\/excelsior\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/124b8744196128eed183e2d72f59a42c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/124b8744196128eed183e2d72f59a42c?s=96&d=mm&r=g","caption":"Roundstone"}}]}},"jetpack_featured_media_url":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2024\/03\/woman-typing-on-a-laptop.jpg","_links":{"self":[{"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/posts\/53665"}],"collection":[{"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/comments?post=53665"}],"version-history":[{"count":11,"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/posts\/53665\/revisions"}],"predecessor-version":[{"id":54680,"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/posts\/53665\/revisions\/54680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/media\/53668"}],"wp:attachment":[{"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/media?parent=53665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/categories?post=53665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roundstoneinsurance.com\/excelsior\/wp-json\/wp\/v2\/tags?post=53665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}