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SEATTLE, April 6, 2021 /PRNewswire/
Milliman, Inc., one of the premier global consulting and actuarial firms, today announced that its Long-Term Care Advanced Risk Analytics (LARA) group has formed a strategic alliance with The Helper Bees, a care concierge program, to offer an innovative long-term care (LTC) solution to payers and plan sponsors.
Because of the time that elapses between LTC policy purchase and claims filed, LTCI carriers frequently know little about their in-force population. Combined with growing LTC costs, this lack of information can create strain for payers and increased rates for policyholders.
Milliman LARA leverages the industry-renowned expertise of Milliman consultants to uncover powerful insights about an LTCI population using predictive analytics, claims data, and proprietary data sets to identify high-risk policyholders. Now, Milliman is collaborating with The Helper Bees, a healthcare insurtech company, to create an LTC soluti