Navigate today’s most pressing health industry challenges with a leading global expert by your side.
Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Deliver on the promises of the past and create smart solutions for the future.
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
This is a place where your ideas and insights make an impact. Where an independent, entrepreneurial spirit is an advantage. And where diversity of thought and experience makes us who we are.
Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Higher education consulting
Milliman brings consulting resources to our higher education clients that have experience working with a diverse range of corporate clients and various types and sizes of universities, colleges, and university systems. Milliman brings deep, broad knowledge of a full range of industry sectors with special sensitivity to the unique challenges and needs of institutions of higher learning.
Milliman’s knowledge of the higher education sector is built on actuarial and consulting support to more than 200 institutions and collaboration across our Higher Education Community of Practice. This knowledge is used to develop consulting solutions, like Milliman HigherEDGE™, which are designed exclusively for higher education.
Higher education is different. It’s also changing faster than ever. Making sense of this increasingly complex landscape requires specially crafted tools and support so our client’s can deliver on their institution’s strategy.
With deep and broad health and benefits strategy consulting experience across a wide range of higher education institutions and with expertise informed by continuous research in emerging benefit trends and state-of-the-art data analytics, we are uniquely situated to help you provide leading, cost-effective benefit programs to faculty and staff.
Milliman has extensive experience in all aspects of retirement consulting. Our actuaries are leaders in their fields, and our numerous monthly and yearly pension studies — including for both the private sector and public sector — are regularly cited by major news outlets. We help clients stay on track to meet their goals and business objectives in the face of shifting markets and regulations. Milliman has a demonstrated track record of the highest work quality and successful client relationships.
In full employment conditions or in regions where higher education competes aggressively for talent, you need compensation and total rewards strategies designed to win the ever-evolving competition for talent. We are skilled in partnering with HR, university administration, faculty groups, board committees, and staff advisory councils to create successful compensation plans and systems that fit your institution’s needs — today and for the future.
Human resources at universities, colleges, and university systems are now more critical than ever to the successful functioning of their institutions. At the same time, they face a diverse number of pressures — and opportunities — to manage costs, improve service delivery, strengthen risk management, and build faculty and staff engagement. Our higher education workforce planning and HR transformation consultants recognize and meet this critical set of needs with holistic, people-sensitive, and rigorously metric-based approaches. We take an agile approach to help our clients optimize costs, manage risks, and create workforce plans that enable sustainable value creation.
Colleges and universities want to keep their students healthy and enrolled. Milliman understands the critical student health challenges higher education institutions face: affordability, quality, compliance, and population health. We can help you transform these challenges into opportunities that will improve student health and student retention, and improve your institution’s insurance offering.
From the introduction of new programs to complex Summary Plan Documents to large-scale, complex change management, our communications team can help you connect with faculty, staff, administration, and alumni. We bring decades of relevant experience to any higher education communications challenge. We customize our solutions to your needs from “over the shoulder” review to complete ownership of a major communication effort.
Milliman’s “MyBenefitChoice” platform offers state-of-the-art, customizable benefit administration services. This unique total benefits administration solution is different from our competitors. Able to be designed to meet every client’s specific needs, each service model is grounded in a deep understanding of the benefits administration challenges your college or university faces with the objective of providing flexible solutions and options; your institution will not be “pigeonholed” in to a pre-determined model or platform unresponsive to your specific needs.
Healthcare costs are back on the rise, projected in 2021 to grow by 8.4% to $28,256 for a family of four, versus a 4.2% decrease from 2019 to 2020, according to the Milliman Medical Index.
Nine considerations for defined benefit pension plan sponsors after the passage of the American Rescue Plan Act of 2021.
With PBMs, is it best to go with a standard or custom formulary, or a hybrid of the two? We discuss the considerations to help plan sponsors choose the best option.
Among the various care delivery models that exist, direct primary care (DPC) is gaining traction among self-funded employers.
A review of best practices for plan sponsors in evaluating clinical programs offered by pharmacy benefit managers.
This update provides information regarding the federal COBRA subsidy and its potential effects on plan sponsors and participants.
This paper highlights five important reasons for health plans and plan sponsors…
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Design your institution’s employee benefits to achieve your objectives in a competitive marketplace. Milliman HigherEDGE™ is a benefits assessment and benchmarking report focused exclusively on higher education.
Adopt the healthcare industry’s leading platform for data warehousing and healthcare analytics.
Estimate actuarial equivalent relative values for health plans based on variables such as copays, deductibles, and coinsurance.
Get accurate monthly information on healthcare expenditures and utilization for individuals enrolled in U.S. commercial insurance plans.
OTTER allows employers to communicate employees’ personalized benefits and pay information all in one place.
Empower employees to choose the right medical plan for their needs with data-based premium and cost estimates.
Ask the tough questions. We’re ready for them.