Business Details
23 Years
experience
Your Trusted Partner for Self-Funded Health Insurance Solutions
Founded in 2003, Roundstone Insurance revolutionized employee health benefits by creating the first group medical captive tailored for small and mid-sized businesses. Our innovative model empowers employers to access the financial advantages of self-funding previously reserved for Fortune 500 companies. With over two decades of specialized expertise in captive insurance, we combine risk pooling with transparent cost management to deliver sustainable savings. Our team of industry veterans provides personalized service through dedicated advisors, claims advocates, and data analysts who help optimize healthcare spending.Backed by a proven track record of 100% client savings and $10M+ in annual premium distributions, we maintain rigorous compliance standards while prioritizing employer control over plan design. Through continuous innovation and a commitment to employer-centric values, we've grown to serve over 1,000 businesses while maintaining the personalized service that defines our approach.
Services
Self-Funded Health Plans
Group Medical Captive
Cost Containment Programs
Claims Management
Risk Pooling Solutions
Data Analytics
Advisor Network
Stop-Loss Insurance
Details
- Year established: 2003
Highlights and features
- We guarantee savings in your first five years or make up the difference
- We distribute unspent premiums back to employers annually
- Our dedicated team provides personalized service through advisors and claims advocates
- We offer complete transparency with direct access to healthcare data analytics
- We've helped over 1,000 businesses transition to self-funded health plans
What people say
Real savings
Great feedback
Palatable open enrollment
Quality healthcare
Exciting results
Services
Self-Funded Health Plans
Our self-funded health plans empower small to mid-sized businesses to access Fortune 500-level benefits through risk pooling. Employers maintain full control over plan design while benefiting from transparent cost structures and data-driven optimizations. This approach consistently delivers 20-30% annual savings compared to traditional insurance models.
Group Medical Captive
The first-of-its-kind medical captive pools employers to achieve economies of scale. Participants benefit from shared risk protection while receiving annual distributions of unspent premiums. This innovative model enables smaller businesses to enjoy the financial advantages of self-funding without individual volatility exposure.
Cost Containment Programs
Our CSI team leverages data analytics to identify savings opportunities through utilization optimization. Employers gain actionable insights to reduce healthcare spending while maintaining employee satisfaction. The programs consistently deliver measurable savings without compromising care quality or network access.
Claims Management
Partnering with Bywater TPA, we provide efficient claims processing with complete transparency. Employers receive detailed reporting and personalized advocacy for complex claims. The system ensures accurate payments while identifying trends to inform future cost-saving strategies.
Advisor Network
We collaborate with benefits advisors through Roundstone University and comprehensive support resources. Advisors gain access to specialized training, case studies, and implementation tools to help clients transition to self-funding while maintaining their trusted advisor role.
People
Mike Schroeder
Founder & President
With 25+ years in insurance leadership, Mike founded Roundstone in 2003 to create better health benefits solutions. He previously held executive roles at major insurers and received his Juris Doctorate from The Ohio State University College of Law.
Jasmine Bibb
Vice President of Customer Success
Jasmine leads customer experience initiatives with expertise in strategic client management. She holds an MBA from Ursuline College and focuses on ensuring client satisfaction through organizational alignment and advisor collaboration.
Rob Hamilton
EVP of Sales
With 25+ years in executive sales leadership, Rob oversees Roundstone's sales strategy and channel development. He specializes in expanding advisor networks while maintaining industry-leading client retention rates.
Jonathan McCorkle
Chief Financial Officer
Jonathan brings 17 years of insurance accounting experience from major carriers like GEICO and Kemper. He manages financial operations and strategic planning while maintaining Ohio CPA certification.
Helen Simmons
Chief Information Officer
Helen leads IT modernization and data strategy with 10+ years in healthcare technology. She specializes in AI-driven digital transformation and holds a proven track record in scalable technology solutions.
Questions
How does Roundstone's medical captive work?
Our group captive pools employers to share risk while maintaining individual control. Participants benefit from economies of scale, annual premium distributions, and Fortune 500-level benefits access.
What savings can we expect with self-funding?
Employers typically save 20-30% annually through our model. Two-thirds save enough in four years to cover year-five claims, with a 100% savings guarantee over five years.
How does the claims process work?
Bywater TPA handles claims processing with complete transparency. Employers receive detailed reporting and personalized advocacy while maintaining control over plan parameters.
What support do advisors receive?
Roundstone University provides specialized training, implementation tools, and case studies. Advisors maintain client relationships while accessing our expertise in self-funding transitions.
How do we get started with Roundstone?
Contact your regional practice leader for an introductory consultation. We'll analyze your current plan, demonstrate savings potential, and guide you through implementation with advisor support.
Videos
