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Shelly S. Brandel, FSA, MAAA

Principal, Consulting Actuary
Brookfield, WI, US

Tel: +1 262 7842250

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Professional Designations

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


  • BS, Mathematics & Statistics, University of Miami (Ohio)

Current Responsibility

Shelly is a principal and consulting actuary with the Milwaukee office of Milliman.


Shelly’s expertise is in both managed and traditional healthcare programs, with more than 15 years of experience in these areas. She has assisted various entities, including health plans, employers, insurance companies, and Medicare/Medicaid programs. She has helped clients with product development and pricing, experience analysis, valuation of reserves, and financial reporting.

Shelly also spent three years working in the analytics division for a healthcare data analysis and care management vendor, which warehoused more than 40 different payors’ medical, prescription drug, and biometric datasets.

Shelly’s recent projects include:

  • Assisting a large Medicare Part D carrier with their annual bid development and strategy
  • Establishing budget and rating targets for a small local HMO
  • Developing Medicaid mental health and non-emergency transportation capitation rate targets for state Medicaid programs
  • Projecting aggregate Medicaid managed care financial results for a group of health plans
  • Reviewing Medicaid capitation rate development for health plan associations in several states
  • Work at Milliman

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