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Higher education consulting

Overview

Trusted resources for higher education

Higher education is different. It’s also changing faster than ever. Make sense of this increasingly complex landscape with Milliman’s actuarial and benefits consulting support. Our experts provide service to more than 200 institutions and Millman’s Higher Education Community of Practice, helping us better understand and address the needs of higher education.

Using exclusive tools like Milliman HigherEDGE™, you will gain actionable insights based on deep and current data–allowing you to build a sound strategy to execute with confidence.

Milliman HigherEDGE – Higher Education Sector

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.

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SOLUTIONS

Milliman higher education consulting solutions

Health and group benefits

Health and group benefits

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.

Insight

Milliman higher education consulting insight

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Article

Guidance issued through FAQs on Coverage for OTC COVID-19 tests

FAQs provide guidance to group health plans regarding coverage of OTC COVID-19 tests without participant cost sharing.

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Hospital price transparency: December 2021 update

The hospital price transparency rule introduces new opportunities and competitive threats in the U.S. healthcare system.

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Effectively measuring the value of employer point solution programs

As the number and variety of point solutions in the health and group benefits market continues to grow, how should employers evaluate these opportunities?
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Disruptive innovation in healthcare: A wicked problem?

It's almost a sure bet that the process of disruptive innovation will improve healthcare, as it has for so many other industries.
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Why inflation has limited impact on healthcare trends

We answer the question: How do recent trends in inflation impact healthcare?

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Do unvaccinated employees incur higher healthcare costs, and if so, how much more?

While some employers have started to charge the unvaccinated as much as $200 more in premium per member per month, we estimate a modest gap of about $9 to $46.

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Podcast

Pension risk hibernation – an alternative to annuity buyouts

Here to discuss pension risk mitigation versus risk transfer are Zorast Wadia, a principal with Milliman, and Bret Linton, the Employee Benefits Practice director at Milliman.

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Article

Full disclosure: Price transparency for health plans

Recent changes in health plan and hospital transparency rules have potential to expand transparency to commercial market.

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Designing an Episode based Benefit Plan

This report analyzes an Episode-based Benefit Plan (EBP) design that could be offered to members enrolled in commercial health plans.

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To evaluate pension risk transfer plan sponsors need the whole picture

Given the greater flexibility and lower costs provided under ARPA’s provisions, plan sponsors should seize this moment to reevaluate and optimize their risk management strategies by considering the whole picture.

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Products

Milliman products supporting higher education institutions

Healthcare analytics
Procurement management

Milliman Payer Network Check

Make high-quality financial comparisons of provider medical reimbursement rates across large insurance carriers.

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IFRS readiness and GASB75 compliance
Employee benefits

Milliman HigherEDGE

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.

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Healthcare analytics
Healthcare analytics

MedInsight

Adopt the healthcare industry’s leading platform for data warehousing and healthcare analytics.

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Pharmaceutical claims analysis
Pharmaceutical claims analytics

MyRxConsultant: Wasteful Drug Report

Milliman’s proprietary Wasteful Drug Report leverages your pharmacy data to monitor your plan’s utilization and captures wasteful drug spending. The near-real time report allows employers to mitigate unnecessary spending and save.

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Benefit plan evaluation
Benefit plan evaluation

CORAL

Estimate actuarial equivalent relative values for health plans based on variables such as copays, deductibles, and coinsurance.

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Healthcare cost modeling
Healthcare cost modeling

Milliman Health Trend Guidelines

Get accurate monthly information on healthcare expenditures and utilization for individuals enrolled in U.S. commercial insurance plans.

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Healthcare analytics
Employer reporting

Milliman DEPTH

Optimize your benefits cost management strategy.

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Benefit plan evaluation
Benefit plan evaluation

Milliman Online Total Rewards (OTTER)

OTTER allows employers to communicate employees’ personalized benefits and pay information all in one place.

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We’re here to help

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