Follow on Google News News By Tag Industry News * Captive * More Industries... News By Location Country(s) Industry News
Follow on Google News | The Complete Solution: Control of 75% of Your Current Insurance CostRoundstone has developed an innovative solution to rising healthcare costs for midsized companies. This solution leverages the strengths of wellness initiatives, self funding and captive insurance, while simultaneously addressing their shortcomings.
Roundstone has developed an innovative solution to rising healthcare costs for midsized companies. This solution leverages the strengths of wellness initiatives, self funding and captive insurance, while simultaneously addressing their shortcomings. Self funded insurance programs typically require very high deductibles and 1,000+ employees before they become an attractive option over standard fully insured products. They also introduce the employer to a significant amount of risk without giving them any loss control tools. Roundstone’ Wellness programs provide an excellent opportunity for employers to improve the health and wellness of their employees. However, there are two main obstacles to any wellness program’s success: employee participation and employee participation. If employees do not participate in the program, it will not have any impact. Worse yet, when the employees fully embrace the wellness program and achieve results, the cost of the program is borne by the employer and the savings are realized by the insurance carrier in the form of reduced claims. Roundstone’ Where does the 75% come into play? The Mid-Market Med program is designed to place approximately 75% of an employer’s healthcare spend under the control of the employer. According to a 2006 study released by the CDC, diseases related to lifestyle account for 75% of national medical costs. Recently, a Rand study determined that 90% of all healthcare costs are related to preventable illnesses. The obvious conclusion based on these facts, is that a well executed wellness program can have a dramatic impact on healthcare costs, but only if you self fund at meaningful levels. Roundstone’s Mid-Market Med program takes the advantages of self funding and combines wellness for a complete healthcare solution. Roundstone Management, Ltd. (“Roundstone”) # # # Roundstone provides reinsurance support through numerous captive facilities for more than twenty different insurance programs that include both employee benefit and property & casualty exposures. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|