Risk Sharing
Employers Can Control Healthcare Costs by Sharing Risk
Instead of the old model:
Employers can opt for a new and better alternative: Self-Funding in a Group Medical Captive:
- High premiums
- 100% fixed cost regardless of healthcare used
- No control over planned design
- Pay only for the healthcare used – pay what you deserve.
- Leverage high control over benefit design – custom your plan to your employees needs.
- Gain data insight to lower costs and increase savings and quality.
The Benefits of Self-Funded Captive Insurance
With Roundstone Insurance, you can enjoy advantages like:
Instead of 100% fixed costs like a fully insured plan offers, self-funded captive insurance drops your fixed costs down to about 15% of your total healthcare spend. This means that 85% of your costs are now variable, and a variable cost is a cost you can actively work to contain. Your risk is shared with other employers in the captive pool, and you only pay for the healthcare your enrolled employees use.
We help you design and maintain a health plan that works for your employees. We work with your benefits advisor to do so. Our Cost Saving Investigators (aka the CSI Team) analyze your data to provide plan optimization recommendations that can boost your savings even more.
Leave behind the “one-size-fits-all” policies — Roundstone lets you design your plan however you need. Choose your own best-in-class third-party administrator (TPA), Pharmaceutical Benefits Manager (PBM), and cost-containment vendors. We pull it together in one simple "bundle" so your solution is easy to manage.
At the end of the year, you keep 100% of what you don't use in your own claims account. And you get cash back from any unspent premium in the pool. Our approach helps employers save anywhere from 20% to 30% of their healthcare expenses annually.
Self-Funded Insurance for Small and Mid-Size Businesses
Self-Funding Doesn't Have to Mean You're on Your Own
Employers can employ protective measures such as stop-loss or reinsurance, which minimizes the risk of high aggregate and individual claims. But going it alone, means you are on your own island.
Being self-funded as part of the captive is a game changer. The captive pool protects you from volatility.
Why Choose Self-Funded Captive Insurance Through Roundstone?
According to a 2021 Kaiser Family Foundation analysis, 64% of U.S. employees with employer-sponsored health insurance are in self-insured plans. Most businesses with 200 or more employees are self-insured, with 82% of covered workers at these businesses enrolled in self-insured health plans.
At Roundstone, we make self-funded insurance possible for more businesses with our unique group medical captive. When you join our captive, you’ll experience the advantages and savings of a self-funded insurance plan without the risk and volatility.
Customization
You can build a high-performance health plan to meet your workforce's needs
Cost-Efficiency
Businesses with self-funded insurance plans will save on both Federal and State health insurance premium taxes. Also, as a captive participant, you can keep the money left in your claims account and receive your unspent monthly stop-loss premium payments back on a pro rata basis.
Simplicity
You can rely on Roundstone and our solution partners such as third-party administrators (TPAs), pharmacy benefits managers (PBMs), and benefits advisors to do the hard work for you.
Get Health Insurance for Your Small or Medium-Sized Business
At Roundstone, we aim to make self-funded insurance available to small and mid-size businesses through our group medical captive. As the first of its kind, this captive enables employers to band together and thrive.
Want to learn more about our captive and how you can experience the benefits of self-funded captive insurance?
Reach us via phone call at 931-325-0732 or e-mail us at nick@healthcareccs.com