Roundstone has reported a cash distribution of almost $10 million to business owners currently participating in its group medical captive.
The distribution represents 17 per cent of unspent captive premiums in the pool.
As a health insurance provider specialising in self-funded group medical captive solutions, Roundstone attributes the effectiveness of its risk-sharing pool to underwriting expertise and “proactive” cost containment measures.
Mike Schroeder, president of Roundstone, explains: “Two-thirds of Roundstone customers save enough in their first four years with us to pay the claims for their entire fifth year, and 100 per cent save money.”
“For employers who must attract and retain employees with great benefits, the need to control health insurance costs over the long term is an imperative. We are committed to helping them and this latest distribution shows that,” he adds.
Roundstone’s last pro rata cash distribution was in March 2021, totalling $4.2 million.
