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Jill S. Herbold, FSA, MAAA

Consulting Actuary
Indianapolis, IN, US

Tel: +1 317 6391000

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Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries


  • Graduate (Bronze Tablet, highest honors), University of Illinois, Urbana-Champaign

Current Responsibility

Jill is an actuary with the Indianapolis office of Milliman. She joined the firm in 2009.


Jill has developed an expertise in the analysis of the financial risks associated with the financing and delivery of healthcare services. She routinely works with self-funded groups, insurance companies, managed care organizations, and provider organizations. Her projects have included:

  • Self-funded financial projections
  • Benefit plan design
  • Quarterly reserve reviews
  • Annual reserve opinions
  • Retiree medical evaluations
  • Provider payment benchmarking
  • Provider contract evaluations
  • Small employer certifications and compliance
  • Stop-loss rating
  • Health plan pricing and rate filings

Recently, Jill has been involved with a variety of opportunities supporting provider payment reform, including:

  • Shared savings agreement design and financial evaluation
  • Patient-centered medical home programs
  • Healthcare cost savings opportunities assessments
  • Patient health management
  • Patient-level actionable information
  • Physician, hospital, skilled nursing facility, and home health provider performance evaluation

Prior to joining Milliman, Jill worked with CIGNA for 16 years.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman