17 October 2017Analysis

Roundstone forms partnership for self-funded medical captives

Roundstone Management, a provider of self-insured solutions for mid-size companies, has formed a partnership with insurance brokerage Hub International to offer self-funded medical captives programmes.

Hub brings a significant volume of clients in the contingent workforce segment, and many other segments, complemented by a platform of cost containment capabilities.

The partnership with Hub is aimed at allowing Roundstone to help employers control their healthcare spend by providing transparency, control and cost containment.

"Hub's deep bench of experienced advisors and proven cost containment strategies, coupled with Roundstone's track record of successful captive programs is a game changer for our clients," said Clint Anderson, president of specialty insurance at Hub.

Mike Schroeder, president of Roundstone, added: "Business owners throughout the United States are desperately looking for an answer to a second or third line item expense that is doubling as fast as every four to five years. It is difficult for an employer to identify the cause of increasing health insurance costs without claims information, but it's impossible to fix when control over the drivers of the cost is removed from an employer.”