An actuary is a health insurance carrier number cruncher responsible for determining what premiums the company needs to charge based in large part on claims paid versus amounts of premium generated. Their job is to make sure a block of business is priced to be profitable, but that the rates are also justified by claims costs (if the rates are too high, they could be rejected by state regulators, or the insurer will have to rebate excess premiums to members in the form of medical loss ratio rebates).
actuary
What is an actuary?
About our health insurance quote forms and phone lines
We do not sell insurance products, but this form will connect you with partners of healthinsurance.org who do sell insurance products. You may submit your information through this form, or call 1-800-516-2241 1-800-501-4030 to speak directly with licensed enrollers who will provide advice specific to your situation. Read about your data and privacy.
The mission of healthinsurance.org and its editorial team is to provide information and resources that help American consumers make informed choices about buying and keeping health coverage. We are nationally recognized experts on the Affordable Care Act (ACA) and state health insurance exchanges/marketplaces. Learn more about us.
If you have questions or comments on this service, please contact us.