HEALTH SOLUTIONS
Supplemental products
Expanding the options
Supplemental products give insurers and employers the ability to meet diverse and growing needs—but these products bring their own unique requirements and challenges. Whether you’re offering limited benefit medical, cancer, accident, critical illness or combination life and health products, Milliman has the specialized knowledge and data you need to be successful.
Milliman supplemental products solutions
Product development and competitive analysis
Our consultants are leaders in the supplemental benefits market, specializing in product design, pricing, and innovation. We provide product development and competitive analysis support to both new and existing carriers as they navigate this dynamic market. Our team specializes in a variety of products including critical illness, hospital indemnity, and accident as well as unique products such as travel accident and blanket special risk.
Experience analysis and reserving
Our consultants offer robust experience analysis and reserving solutions focused on supplemental products. We have supported our clients with detailed experience analysis and morbidity studies for a variety of products. Additionally, our consultants provide statutory and GAAP reserve support including incurred but not reported reserve calculations, active life reserve calculations, year-end asset adequacy testing, and appointed actuary support.
Compliance consulting
Our compliance consultants specialize in helping our clients find solutions to their compliance questions as well as developing necessary product filing materials. Our team has experience consulting with insurers regarding a variety of product design, market trend, and compliance questions. Our team also monitors legislative and regulatory changes that affect the insurance industry and compiles custom research applicable to compliance concerns.
Voluntary benefits
Milliman provides guidance to clients on voluntary health benefits, which lie outside the typical major medical offering. Some of these benefits include critical illness insurance, accident insurance, disability insurance, and hospital indemnity insurance.
Milliman supplemental products insight
U.S. supplemental insurance market overview
Our report on the supplement market shows the effects of COVID-19: Inforce premium rose only 1.2% to $62 billion in 2020 from 2019, but still a positive sign.
State of the U.S. supplemental insurance market
In 2019, Milliman conducted a variety of research projects to provide insight into the state of the U.S. supplemental insurance market.
2019 US Group Disability Market Survey
This report presents the results of Milliman’s 2019 Annual Survey of the U.S. Individual Disability Income Insurance Market.
Milliman supplemental product products
IntelliScript
IntelliScript combines industry-leading data and analysis to provide insurers the knowledge, tools, and insight to confidently assess risk.
Medicare Reference Pricer
Milliman’s integrated, customizable software solution for pricing claims based on Medicare allowable fees.
Milliman Supplemental and Specialty Research
Discover specialized market research to support your product strategies.
Milliman supplemental product services
Actuarial consulting: Healthcare
Get a handle on the complexity of estimating healthcare financial risk with the industry's leading actuarial services firm.
Litigation support
Litigate more effectively with expert testimony in trials and regulatory hearings, as well as consultation on settlement alternatives.
Medicare Supplement insurance
Build quality MedSupp solutions and succeed in a growing, yet complex market.
Product development and pricing: Healthcare
Make the right decisions when it comes time to enter a new market, launch a new product, or change benefits.