Roundstone, a Lakewood-based health insurance provider specializing in self-funded group captive solutions, earlier this year reported more than $10 million in cash distributions to business owners across the nation currently enrolled in one of the company’s group medical captives. This figure has now grown by $1.4M.
The Roundstone self-funded captive health insurance strategy allows employers to easily reduce health insurance costs and retain the money they do not spend. Through a combination of Roundstone’s unique variable funding solution and turnkey cost containment solutions, these meaningful savings become a reality at a very opportune time. Had these employers purchased traditional fixed cost health insurance, this money would have been pocketed by the insurance company as extra profit.
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“These premium returns add to the savings the employers realize when they first adopted a Roundstone plan, the previously reported distribution, and the cost saving efforts we are able to deliver to our customers throughout the plan year,” said Roundstone’s President Mike Schroeder. “We are happy to reward these employers who made the decision to work with Roundstone in delivering best-in-class benefits to their employees.”
Roundstone Management, Ltd. (Roundstone) based in Lakewood, Ohio is an insurance organization offering small to mid-size employers (20-1,000 employees) a proven health insurance strategy that helps business owners access affordable health insurance for their employees – paying only for the healthcare they use while keeping the savings.
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