Friday, October 18, 2024

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Roundstone gives $12.4m to group medical captive participants

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Roundstone, a health benefits captive providing self-funded insurance to small and midsized businesses, has provided a $12.4m cash distribution to its medical captive participants.

The company said this shows its commitment to returning savings to employers.

The Roundstone captive allows companies to control healthcare spending through cost-containment strategies and personalised plans.

“At Roundstone, we focus on delivering high-quality, affordable healthcare to employers and their teams,” said Michael Schroeder, founder and president of Roundstone.

“Our alignment with our customers’ best interests isn’t just a strategy, it’s our guiding principle.”

The company said two-thirds of members save enough in their first four years with Roundstone to pay the claims for their entire fifth year.