{"id":54463,"date":"2024-05-08T11:50:28","date_gmt":"2024-05-08T15:50:28","guid":{"rendered":"https:\/\/roundstoneinsurance.com\/?p=54463"},"modified":"2024-07-29T11:42:11","modified_gmt":"2024-07-29T15:42:11","slug":"mcf-2024-recap-the-big-easy-approach-to-self-funding-and-affordability","status":"publish","type":"post","link":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/mcf-2024-recap-the-big-easy-approach-to-self-funding-and-affordability\/","title":{"rendered":"MCF 2024 Recap: The Big Easy Approach to Self-Funding and Affordability"},"content":{"rendered":"

Last week, Roundstone\u2019s Medical Captive Forum let the good times roll in the Big Easy. With over 400 guests, we celebrated affordable healthcare New Orleans style with great food, jazzy music, and practical tips to lowering your benefits spend without compromising care quality.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

With an educational focus, MCF helps employers understand how to <\/span>provide better healthcare benefits at an affordable cost through self-funded insurance under a group captive<\/span><\/a>. No matter your experience in the captive, you learn new approaches to self-funding and <\/span>how to tweak your plan to better optimize savings, care, and custom plan design<\/span><\/a> to meet your employees\u2019 healthcare needs.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

The theme of our 9th annual MCF was The Big Easy Approach to Benefits: Quality, Affordable Healthcare Made Simple. <\/span>Providing your employees great benefits that are also affordable<\/span><\/a> shouldn\u2019t be hard. <\/span>By self-funding under a group captive<\/span><\/a>, employers can <\/span>deliver their employees the care they need at a cost they can afford<\/span><\/a>. With Roundstone, they have the tools to succeed and the help they need to implement those tools effectively.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

That\u2019s certainly not the case under traditional healthcare plans<\/a>. Employers are getting squeezed by 20% to 40% increases year after year, and they cannot afford to sustain much more. <\/span>Healthcare has become a top business expense<\/span><\/a>, second only to payroll. It\u2019s <\/span>increased 150% in the last 10 years<\/span><\/a>, and <\/span>is expected to double in the next four years<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Let\u2019s compare that to those in the Roundstone Captive. Roundstone\u2019s average mature renewal is 5.5%. The average employer <\/span>saves 20% every year under a self-funded plan compared to traditional insurance<\/span><\/a>, a savings that accrues substantially over time.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

In fact, you\u2019re guaranteed to save money in the first five years with Roundstone compared to a traditional plan, or we make up the difference. <\/span>That\u2019s the Roundstone Guarantee<\/span><\/a>. Two-thirds of Roundstone clients save enough in their first four years to completely pay for their fifth year of claims. And 100% save money, full-stop. The Validation Institute recently <\/span>found Roundstone delivers significant savings for employers<\/span><\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Smaller Groups, More One-On-One Time: Self-Funding Gets Personal<\/span>\u00a0<\/span><\/h2>\n

\u00a0<\/span><\/p>\n

We started the fun with a special dinner Tuesday night at the World War II Museum attended by the Roundstone Advisory Council, an exclusive gathering with our growth advisor partners. It was a privilege to meet with these key stakeholders at our annual RAC meeting Wednesday morning, where we provided them with the latest updates on Roundstone’s advancements, achievements, and objectives. The morning featured a series of roundtable discussions, where a diverse array of topics related to self-funded insurance were explored.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

We designed this year\u2019s MCF to be more personable and approachable, with smaller groups where employers could feel comfortable asking questions of Roundstone experts and sharing their experiences and ideas of how to succeed in the Roundstone Captive. <\/span>The beauty of MCF is the stories you hear<\/span><\/a> and the perspectives you gain \u2013 those one-on-one conversations can be so critical to the experience and provide a deeper understanding of how to widen employee accessibility to affordable healthcare benefits.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Wednesday afternoon began with our Opening Session, where employers and advisors divided up<\/a> into one of three perspective groups of Regional Practice Leaders and Customer Outcomes Managers. There they met their dedicated Roundstone Team, heard inspiring success stories directly from employers benefiting from the Captive, and engaged in interactive roundtable discussions and Q&A.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

The day ended with the MCF Welcome Reception, where participants enjoyed cocktails over steaming bowls of gumbo, fresh oysters, shrimp po\u2019boys, and other traditional New Orleans cuisine. It was a great networking opportunity as participants relaxed and enjoyed the music of a live jazz band, savoring the laid-back lifestyle the city is known for.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n