Roundstone, an Ohio-based health insurance provider specialising in a self-funded group captive solutions, has reported more than $10,000,000 in cash distributions to business owners across the US.
The most recent figure, added to previous distributions over the past underwriting year, amounts to more than $20,000,000 of surplus distributions.
Roundstone president Mike Schroeder said: “Roundstone customers enter our health insurance solution knowing they are saving over their other choices, so this added return from the captive is the icing on the cake.”
He continued: “These premium returns not only add to the savings the employers have already realised when they first joined our health insurance programme, but they validate the proactive cost-saving efforts we are able to deliver to our customers throughout the plan year.”
“With today’s pandemic challenge, controlling health insurance costs and retaining dollars not spent on claims can be the difference between keeping the employer’s lights on or not,” he added.
In August, Roundstone announced that they recently added an automatic, online document execution, to help streamline its binding process into an online experience.
