Navigate today’s most pressing health industry challenges with a leading global expert by your side.
ACO utilization & cost evaluation
Healthcare cost modeling
Preventive digital health
Insurance risk assessment
Medicare plan selection solution
Healthcare risk adjustment
Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Property & casualty advisory services
Modern flood insurance program
Investment, advisory & trading services
Financial modeling & industrialization
Geographic rating insights
Premium comparison platform
Retirement & Benefits
Deliver on the promises of the past and create smart solutions for the future.
Pension administration & communication
Retirement benefits administration platform
Compensations & benefits
Benefit plan evaluation
Health & welfare benefits administration platform
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
Auto policy underwriting
Software performance enhancement
Mortgage platform for investments & reinsurance
Solvency II reporting & compliance
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.
Milliman's experienced consultants translate complex and ambiguous regulations on nonqualified plans into meaningful compensation strategy.
The addition of Section 409A to the Internal Revenue Code in 2004 has broadened the definition of nonqualified deferred compensation and tightened the rules that apply to these plans, pushing once compliant firms into legal limbo. Companies and nonprofits turn to Milliman for insight on how best to adapt to recent legislation that has drastically altered the rules governing certain stock options, severance pay, elective salary deferral, supplemental executive retirement plans, and other benefits. Even the Internal Revenue Service has contacted Milliman for permission to use one of our consultant’s white papers on 409A compliance as a training tool for the IRS agents who will be charged with the task of conducting 409A audits.
Because Milliman does not sell financial products, we can provide a completely objective, independent diagnosis of your plans and strategy without predetermined recommendations. Instead, we listen to your concerns, ask in-depth questions, and provide advice based on your objectives, risk tolerance, and industry perspective.
While reviewing a community service organization's compensation plans for compliance, Milliman consultants assisted the not-for-profit employer in formulating an action plan for amending its existing 457(f) plan to comply with the new 409A rules. We also pointed out that the employer had not been taking advantage of a 2002 change to the tax code. The change expanded the annual limits for 457(b) contributions by eliminating the requirement that such limits be reduced dollar for dollar by any deferrals the participants make to a 401(k) plan or a 403(b) for the plan year of reference.
A rearrangement of the retirement benefits into a two-tiered plan incorporating 457(b) contributions with the pre-existing 457(f) plan provided employees with a much more flexible benefits program that would enable them to minimize their current tax burden. By considering plan details in relation to the whole picture of compensation strategy, our experts were able to correct a critical weakness in the organization's strategy and increase the value of its employee benefits at very little cost.
Ask the tough questions. We’re ready for them.