Roundstone

Roundstone

Insurance

Lakewood, Ohio 5,019 followers

We help small to midsize companies confidently self-insure through our group captive & provide better health benefits.

About us

Roundstone is an innovative employee health benefits company. We help small and midsize organizations offer competitive benefits at a lower cost by self-funding their 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. With easy onboarding and personalized support every step of the way, the Captive offers control, flexibility, transparency, and returns all savings back to employers where they belong. Unlike other captives that outsource their underwriting to behemoth insurance companies, Roundstone has underwriters in-house that specialize in pricing stop loss coverage for businesses sharing risk in a group captive. In an industry shrouded in misaligned incentives, we believe in always aligning with the employers’ best interests and remain committed to our mission – quality, affordable healthcare and a better life for all.

Industry
Insurance
Company size
51-200 employees
Headquarters
Lakewood, Ohio
Type
Privately Held
Founded
2003
Specialties
Self-Funded Health Insurance, Self-Insurance, Healthcare Cost Containment, Specialty Insurance Program Development, Employee Benefits, Group Medical Captives, Captive Management, Insurance Program Management, Reinsurance, Medical Stop Loss, Captive Insurance, and Stop-Loss Insurance

Locations

Employees at Roundstone

Updates

  • View organization page for Roundstone, graphic

    5,019 followers

    📣 Calling all Account Managers! Enhance Your Expertise with Innovative Employee Health Benefits solutions... Are you striving to better serve your clients with cutting-edge health benefits? Our upcoming webinar is designed just for you. Join us to elevate your knowledge and skills, ensuring you can effectively support and champion your clients.   Here's what you'll learn: 🔹 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐈𝐝𝐞𝐚𝐥 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭: Discover the key traits and characteristics that make an employer a perfect fit for self-funding with the Roundstone Captive. 🔹𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐚𝐩𝐭𝐢𝐯𝐞 𝐌𝐨𝐝𝐞𝐥: Learn how Roundstone measures up against level-funded and traditional self-funded health plans, offering greater flexibility and savings. 🔹𝐂𝐥𝐢𝐞𝐧𝐭 𝐒𝐚𝐭𝐢𝐬𝐟𝐚𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐑𝐞𝐭𝐞𝐧𝐭𝐢𝐨𝐧: Understand how the Roundstone Captive enhances client satisfaction and retention through tailored solutions and superior service. Don’t miss this opportunity to gain invaluable insights and tools to help your clients thrive. Register Today! 🔗 https://lnkd.in/ePYsDP7d #employeebenefits #selffunding #captiveinsurance

    RU Account Manager Workshop | Register Today!

    RU Account Manager Workshop | Register Today!

    roundstoneinsurance.com

  • View organization page for Roundstone, graphic

    5,019 followers

    "Go and look over the last five years at the earnings of the big health insurance companies...you will see they are earning outsized profits. If an employer can retain some of that for themselves, they are going to be ahead of the game." On a recent episode of the Lay of The Land Podcast, Roundstone Founder & President, Michael Schroeder unpacks the biggest challenges in the employer healthcare system and how #Roundstone is working to solve those challenges. Listen to the full episode here: https://lnkd.in/eztfVyr4

  • View organization page for Roundstone, graphic

    5,019 followers

    🔎 Transparency is the key to a successful self-funded health plan... At #Roundstone, we believe in the power of partnerships built on trust and transparency. Working with transparent partners, such as pass-through Pharmacy Benefit Managers (PBMs), is crucial for the success of your self-funded health plan. Why does transparency matter? 🤝 Pass-through PBMs align their interests with yours, ensuring that every dollar spent is clear and accounted for. This transparency allows for better cost management, improved plan performance, and ultimately, more savings passed on to you and your employees. We are committed to helping you maximize the benefits of self-funding by ensuring we work with transparent and trustworthy partners. Together, we can achieve better health outcomes and greater financial efficiency. Contact us to learn more! 🔗 https://lnkd.in/eutfJp96 #selffunding #PBM #employeebenefits #Healthcare

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  • View organization page for Roundstone, graphic

    5,019 followers

    💡 Did you know hidden fees in your employee benefits plan could be driving up healthcare expenses? Discover how Roundstone’s transparency can help you minimize these costs and choose the most affordable options for your company’s health plan. Here are the top five hidden fees often baked into an employee benefits health plan: 1. 𝐁𝐫𝐨𝐤𝐞𝐫 𝐎𝐯𝐞𝐫𝐫𝐢𝐝𝐞𝐬 𝐨𝐫 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬: Hidden commissions from PBMs, insurers, TPAs, and other services can inflate costs, leading to higher overall expenses for your company. 2. 𝐂𝐥𝐚𝐢𝐦 𝐀𝐝𝐣𝐮𝐝𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐅𝐞𝐞𝐬: Many TPAs and network providers charge a percentage of savings from claim adjustments, significantly increasing costs without adding value. 3. 𝐂𝐥𝐚𝐢𝐦 𝐄𝐝𝐢𝐭𝐢𝐧𝐠 𝐅𝐞𝐞𝐬: Provider networks may charge additional fees to ensure compliance with contracted rates, essentially billing you twice for the same service. 4. 𝐒𝐩𝐫𝐞𝐚𝐝 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐛𝐲 𝐏𝐁𝐌𝐬: This practice involves charging higher prices for prescriptions than what they reimburse manufacturers, leading to higher healthcare costs for employers and employees. 5. 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐲 𝐑𝐞𝐛𝐚𝐭𝐞𝐬 𝐊𝐞𝐩𝐭 𝐛𝐲 𝐏𝐁𝐌𝐬: Traditional PBMs often keep negotiated drug rebates for themselves, preventing employers from benefiting from these savings. 𝐑𝐨𝐮𝐧𝐝𝐬𝐭𝐨𝐧𝐞’𝐬 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧: By partnering with transparent vendors and utilizing our in-house TPA, Bywater, which does not charge percentage-based savings fees, we ensure you only pay for essential services. We make it easy to identify and choose the most affordable health plan options, helping you save an average of 20% on employee health benefits. Read the full blog for more! 🔗 https://lnkd.in/ejPNsTrz #EmployeeBenefits #HealthcareCosts #Transparency #Selffunding #Roundstone

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  • View organization page for Roundstone, graphic

    5,019 followers

    We are excited to announce a $12.4 million cash distribution to our group captive participants! Our dedication to transparency and alignment allows us to deliver a substantial annual distribution, reinforcing our commitment to returning savings to employers where they belong. This milestone highlights the strength of the Roundstone Captive model and our unwavering support for small and midsized businesses. Read the full press release, today on the blog! 🔗 https://lnkd.in/eVhzDern

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  • View organization page for Roundstone, graphic

    5,019 followers

    🔍 Attention Benefits Advisors! Are you eager to enhance your knowledge about the mechanics of self-funding through a group medical captive? Look no further! Roundstone offers a FREE online learning resource designed just for you. Our comprehensive courses at Roundstone University cover essential topics such as: 🔹Choosing the right TPA/PBM partner 🔹The importance of plan design 🔹Effective engagement strategies 🔹And much more! Visit Roundstone University today and dive into our educational courses to elevate your expertise and better serve your clients. Start learning now! 🔗https://lnkd.in/eDMPEjt #selffunding #employeebenefits #captiveinsurance #Healthcare

    Roundstone University | Start Learning Today!

    Roundstone University | Start Learning Today!

    http://roundstoneuniversity.org

  • View organization page for Roundstone, graphic

    5,019 followers

    The July edition of the #Roundstone Roundup is here! What's inside... 🔹 On Demand Webinar: Captive Essentials 🔹 6 Reasons Why You'll Save More Money with Roundstone Compared to other Captives 🔹 Industry News: 80% of Employers plan to improve their benefits offerings, but how? ...And More! Subscribe today to stay in the loop in all things #selffunding! #EmployeeBenefits #CaptiveInsurance #EmployeeHealth

    The Roundup | July 2024

    The Roundup | July 2024

    Roundstone on LinkedIn

  • View organization page for Roundstone, graphic

    5,019 followers

    📣 Join Our Upcoming Webinar! 𝐓𝐡𝐞 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝: 𝐇𝐨𝐰 𝐑𝐨𝐮𝐧𝐝𝐬𝐭𝐨𝐧𝐞 𝐇𝐚𝐬 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐞𝐝 $𝟗𝟏.𝟖 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐒��𝐫𝐩𝐥𝐮𝐬 𝐁𝐚𝐜𝐤 𝐭𝐨 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐫 𝐂𝐥𝐢𝐞𝐧𝐭𝐬 Since our inception, Roundstone has delivered a remarkable $91.8 million in surplus back to captive participants by consistently paying an annual cash distribution to our employer clients - But how? Join us on 𝐉𝐮𝐥𝐲 𝟑𝟏 𝐚𝐭 𝟏𝟏:𝟎𝟎 𝐚𝐦 𝐄𝐓 for this live webinar, where we'll reveal the strategies, best practices, and core philosophies that make this possible. 🔗 Register Here!: https://lnkd.in/eN_P4Tj3 What You'll Learn: 🔹 Understanding Distributions: What they are and where they come from 🔹Transparent Financial Model: How Roundstone ensures financial stability 🔹Employer-Focused Strategies: Our approach to Underwriting and Cost Containment 🔹Alignment with Employers: How we prioritize your best interests and partner with like-minded industry leaders 🔹FAQs: Answers to all your questions Don't miss this opportunity to gain valuable insights into how Roundstone consistently delivers positive results and guaranteed savings to our clients! #CaptiveInsurance #EmployeeBenefits #HealthInsurance #Selffunding

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