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Michelle N. Angeloni, FSA, MAAA

Consulting Actuary
Windsor, CT, US

Tel: +1 860 6870168

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Professional Designations

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


  • BS, Mathematics and Actuarial Science, University of Connecticut, Summa Cum Laude

Current Responsibility

Michelle Angeloni is a consulting actuary with the Hartford office of Milliman. She joined the firm in 2010.


Michelle’s clients include employers and health benefit plan sponsors, insurers, pharmacy benefit managers, and Medicare Advantage and Prescription Drug plan sponsors. She is an expert in the medical and prescription drug benefits space. Michelle specializes in Medicare Part C and D bid development, group retiree drug services, and medical and pharmacy benefit contracting and program evaluation. Michelle’s expertise also includes pricing medical and pharmacy benefits, developing actuarial reserves, and performing experience analyses. She consults to both private and public sector plan sponsors, including individual employers and purchasing collectives.

Michelle has significant experience working with Medicare Advantage and Prescription Drug plan sponsors on their Part C and Part D bid development. She provides technical and strategic support related to pricing, formulary development, and analysis of ongoing performance.

Michelle assists employers, health benefit plan sponsors, and pharmacy benefit managers with medical and pharmacy benefit program contracting and evaluation. She also supports her clients in creditable coverage testing and Retiree Drug Subsidy attestations.

Michelle coauthored the “Pharmacy Benefits in the United States” chapter in the Group Insurance textbook. She also coauthored “The ABCs of winning pharmacy benefit strategies” and “The evolving group retiree pharmacy benefits landscape” articles published to Milliman Insight.


  • Group and Health Core U.S. Exam Committee, Question Writer, 2017–2019
  • Society of Actuaries Probability Exam Committee, Member, 2013–2016
  • Adjunct Professor, University of Connecticut Actuarial Science Program, Adjunct Professor, 2012–2013
  • Work at Milliman

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