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Benefit plan evaluation

Milliman CORAL

Precisely assess and compare differing health benefit plans, addressing the intricacies of cost-sharing and member demand shifts using a straightforward, web-based solution.

The Challenge

Deciphering the true value of health plans

For insurers, brokers, and consumers, comparing health plans is no small task. With different deductibles, copays, and cost-sharing details, it’s hard to pinpoint which plan truly offers the best value. The maze of insurance calculations often leaves users puzzled about their best options.

The Solution

Clear comparisons made simple

CORAL makes navigating the intricacies of cost sharing and actuarial value straightforward. This powerful tool simplifies comparisons between benefit plans, taking the guesswork out of assessing relative cost. CORAL translates complex data into actionable insights, empowering insurers, brokers, and consumers to confidently make informed decisions and supporting more accurate underwriting.

Benefits

Access anywhere, anytime

Harness the power of web-based actuarial software for on-demand analyses.

Stay ahead with data-driven insights

Leverage Milliman’s Health Cost Guidelines for reliable results and access Milliman actuarial services for deeper analysis.

Streamline underwriting processes

Simplify and improve your underwriting tasks with precision-driven software for advanced commercial use cases.

Transform cost relativity analysis

Get faster, more accurate results using powerful relativity software.

Stay compliant and informed

Benefit from a tool that meets regulatory scrutiny while retaining its leading-edge capabilities.

Features

Comprehensive input scope

The tool offers a streamlined interface for inputting a broad array of cost-sharing services.

Advanced analytical capabilities

Assess both cost-sharing differences and induced demand impacts with precision.

Flexible calibration for specific client needs

CORAL adapts to specific client demands, accurately reflecting geography, demographics, and provider reimbursements.

Case study

See how Milliman CORAL is helping businesses

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Case study

The Milliman CORAL of the story: A case study in benefit richness estimation in the individual ACA market

For estimating benefit richness in the individual ACA market, we demonstrate advantages of using Milliman’s model over the Federal Actuarial Value Calculator.

Read the case studyNavigation Arrow
Medical benefits all service cost sharing screenshot example

Sample input

All-service cost sharing

Medical-Benefits-Professional-Services.jpg

Sample input

Professional services

Health Benefit Relativity Summary Compare screenshot example

Sample output

Benefit relativity table

FAQ

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Ask the tough questions. We’re ready for them.