Margaret Chance

FSA, MAAA

Principal and Consulting Actuary

Chicago, IL, US

Main +1 312 726 0677 | Office +1 312 499 5551

Margaret Chance is a principal and consulting actuary with the Chicago office of Milliman. She joined the firm in 2003.

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Experience

Margaret has over 25 years of experience, primarily working with various individual and group health insurance lines of business, including commercial and government-sponsored plans.

Margaret’s experience includes working with a variety of health organizations, including insurance companies, managed care organizations, HMOs, and Blues plans. Her support for these organizations provides comprehensive assistance for both existing and start-up lines of business, including:

Business strategy consulting
Financial planning and management
Feasibility analyses
Product development, pricing, and rate filing submissions for commercial health plans
Medicare Advantage and Part D pricing and bid submissions
Experience and benchmarking analyses
Financial reporting, reserving, and projections
Appointed Actuary certifying the actuarial liabilities and assets for health plans
Evaluation of data warehousing and experience monitoring capabilities
Medical underwriting and care management
Evaluation and implementation of various components of healthcare reform and the Affordable Care Act

Publications and Presentations

Estimating Medical Claim Costs, Group Insurance, 7th edition.
Presenter at the 2015 Society of Actuaries Health Meeting regarding experience and rate development under the ACA and individual health market issues.
Ten critical considerations for health insurance plans evaluating participation in public exchange markets, Milliman Healthcare Reform Briefing Paper, December 2012.
Presenter at multiple Milliman Health Consultant Forums regarding topics related to financial reporting and the management of commercial and government-sponsored lines of business.

Professional Designations

Fellow, Society of Actuaries
Member, American Academy of Actuaries

Education

BS, Mathematics, University of Notre Dame, South Bend, Indiana

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Publications

Read their latest work

Article

Ten critical considerations for health insurance plans evaluating participation in public exchange markets

21 December 2012 - by Margaret Chance, Paul R. Houchens, Craig B. Keizur, Catherine M. Murphy-Barron, Jill Van Den Bos

New terminology and issues that are critical to understand before making decisions on participation.

Margaret Chance

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Experience

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Read their latest work

Ten critical considerations for health insurance plans evaluating participation in public exchange markets

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Margaret Chance

Experience

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