Health insurance provider Roundstone has distributed US$10.5 million pro rata cash distribution in July, a figure representing ten per cent of total premiums in the captive pool.
The distribution will allow business owners participating in the company’s group medical captive to optimise their health plans, in turn improving the overall savings and performance of the pool, Roundstone says.
Roundstone’s health insurance solution has 15 per cent fixed costs, allowing employers to pay only for what they use and keep unspent funds left in their claims account and the captive pool.
Mike Schroeder, president and CEO of Roundtone, says: "Employers that are in our group medical captive tend to view health benefits as a strategic long-term business priority. They understand that by being able to take control of this expense, and not shifting too much of the cost burden on employees, they can provide competitive health benefits that attract the best people."
The news follows Roundstone’s partnership with Dark Rhino Security earlier this year.
As part of the mandate, announced in April, Roundstone will allow Dark Rhino Security’s clients to receive tangible risk reduction, rather than theoretical calculations, with material support resulting from cyber attacks.
