
Anders Hendrickson
Consulting Actuary
Brookfield, WI, US
Anders Hendrickson is a consulting actuary with the Milwaukee office of Milliman. He joined the firm in 2018.
Experience
Anders chiefly serves clients with their Long-Term Care (LTC) insurance, Medicare Advantage, and Part D lines of business.
LONG-TERM CARE INSURANCE
Clients with LTC blocks of business rely on Anders for:
- Setting morbidity assumptions for LTC riders on life and annuity products
- Setting assumptions through historical experience analyses
- Performing cash flow testing by projecting premiums and claims
- Stabilizing LTC blocks by obtaining rate increase approvals from state governments
- Complying with year-end regulatory filing requirements, including AG51 requirements and NAIC experience reporting forms
- Developing reserves and testing their historical adequacy
MEDICARE ADVANTAGE AND PART D
Medicare Advantage and Part D plan sponsors and Pharmacy Benefit Managers rely on Anders for:
- Making strategic decisions regarding product and benefit offerings
- Evaluating the impact of changing regulatory environments on Part D stakeholders
- Forecasting Part D profitability and settlements with CMS and pharmaceutical manufacturers
- Preparing plan bids and supporting documentation for contracts with the Centers for Medicare and Medicaid Services (CMS)
- Projecting future pharmaceutical savings due to launches of generic medications
- Offering strategic guidance relating to CMS Part D out-of-pocket cost tests
- Estimating CMS-HCC risk scores for MA plan members
- Projecting the impact on MAPD plans of risk-sharing arrangements with providers
Anders draws on his nine years of teaching experience to communicate complex ideas in clear and straightforward ways.
Publications and Presentations
- Navigating Medicare Part D settlements post-IRA: Strategic guidance for health plans. Milliman Insight, December 2025.
- Medicare Advantage and Part D in a Year of Changes. Conference of Consulting Actuaries Webinar, August 2025.
- 2024 SOA Health Meeting in Review. SOA Health Watch, September 2024.
- Changing Tides: Part D Cash Flows and Risk Scores 2024+. Society of Actuaries Health Meeting, June 2024.
- Evaluation of the savings methodology for the HCSC Health Advocacy Solutions program. Milliman Insight, December 2022.
- eviCore healthcare: Evaluation of the eviCore SAVE Methodology used in the medical oncology and radiation oncology programs. Milliman Insight, September 2021.
Professional Designations
- Fellow, Society of Actuaries
- Chartered Enterprise Risk Analyst
- Member, American Academy of Actuaries
Education
- BA, Mathematics, Classics, and Philosophy, St. Olaf College, Minnesota, 2000
- PhD, Mathematics, University of Wisconsin – Madison, 2008
Affiliations
- Conference of Consulting Actuaries