US group captive specialist Roundstone recently distributed more than $5 million to business owners across the US currently enrolled in one of its group medical captives.
Participants of the group captive, which include small- and medium-sized employers across a range of industries, were mailed individual checks throughout May and into early June.
Roundstone’s captive health insurance strategy allows employers to retain any money they do not spend on their annual healthcare.
Participants also share in the group captive’s yearly performance, which Roundstone described as a win-win situation.
According to Roundstone, had the participants stayed with fully-insured carriers, the $5 million that has been distributed would have been pocketed by the insurance company as extra profit.
Mike Schroeder, Roundstone president, commented: “Helping these employers reduce their health care cost year-over-year is one of the most fulfilling moments for us here at Roundstone.”
"Rewarding companies for their pursuit of value-added health care purchasing is important to our mission."
