Simplify Your Benefits Plan
With Roundstone’s dedicated Third Party Administrator.
Seamless Benefits Administration
As the annual cost of insuring your employees continues to skyrocket, can you afford not to make a change?
Bywater is Roundstone’s dedicated, full-service Third-Party Administrator (TPA). Together, we enable small to midsized companies to deliver the highest quality, most cost-effective health benefits on the market.
Already partnered with Bywater? Access your portal below.
Partner with Us and Experience:
Unbeatable cost containment and savings
Integrated, hassle-free operation and communications across your captive, insurance carrier, and TPA
Best-in-class operations
Industry-leading transparency and reporting of plan and claims data
About Us
Bywater is the only TPA owned and managed alongside a self-funded health care benefits insurance captive. We grew out of Roundstone’s need for streamlined plan administration within its captive. Together, Roundstone and Bywater provide a fully integrated, turnkey solution designed to maximize savings and drive long-term cost containment.
Bywater's Mission
We deliver our customers the best experience possible and are committed to helping you manage your health plan efficiently. With best-in-class service across a wide range of group sizes, the Bywater team offers attentive care and consistent communication, from onboarding through renewals and every step in between.
Why Bywater
Together, Bywater and Roundstone multiply the value of self-funding by providing end-to-end integration across the administration of your health plan. Experience trouble-free administration, superior onboarding, integrated communications, shared reporting, and transparency… all with the highest retained savings, lowest rate increases, most competitive cost per employee, and the greatest opportunity to reduce healthcare benefits spend year over year.
Unsurpassable Value
We lead the industry in maximizing cost-effectiveness and retained savings without compromising the quality of care accessible to your employees. Not only are our per-employee per year (PEPY) costs significantly lower than the industry average, so are our average year-over-year premium increases. Additionally, we are the only partner to return retained savings back to the employer at the self-funded and captive levels. You will save money with us after 5 years. Guaranteed.
Total Transparency & Integration
Through shared reporting, Bywater and Roundstone provide employers the opportunity to see, analyze, and optimize their total spend across all claims, regardless of size. We lead the industry in providing complete, detailed data and analysis of your policy, programs, and claims as well as the Roundstone captive in which you participate, allowing you to improve the quality of care provided while saving money and maximizing the value of your plan.
Streamlined Communications & Operational Excellence
Implementing and managing an employee benefits program is complex for many organizations. That’s why, together with Roundstone, Bywater provides a dedicated, integrated team to work with you, your plan partners, your advisor, and your employees. This single point of contact is the key to Bywater’s superior customer service. The team facilitates smooth plan onboarding and renewal, provides efficient plan administration and decision-making throughout the life of the plan, and dramatically decreases potential friction among the various participants and partners.
The Bywater Promise
All funding requests are accurate and timely.
All member calls are answered within 2 minutes.
We’ll acknowledge all inbound inquiries in 24 hours.
All employers onboarded with their Summary Plan Description are completed within 30 days.
99% of all claims are accurately adjudicated within 14 days.
Our Commitment to No Surprises Act
When you are subject to emergency care or are treated by an out-of-network provider at an in-network hospital or ambulatory surgical center, you’re protected from surprise billing or balance billing.
Read more on your rights and protections against surprise medical bills.
