
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
Publications
Read their latest work
Article
Long-Term Care Focus: Q4 2025
10 December 2025 - by Mike Bergerson, Robert Eaton, Nicole Gaspar, Jordan Olds, Joe Neary, Juliet Spector, Jeff Anderson, Anders Hendrickson, Joe Long, Annie Gunnlaugsson, Fiona Ng, Lucy Ouyang, James Stoltzfus
In this issue, we highlight key initiatives, research, and upcoming studies from Milliman’s LTC consultants, including enhancements to our LARA platform, the impact of post-pandemic experience on LTC insurance, and the next iteration of our Milliman Long-Term Care Guidelines (Guidelines).
Article
Navigating Medicare Part D settlements post-IRA: Strategic guidance for health plans
08 December 2025 - by Matt Kridgen, Anders Hendrickson, Michelle K. Lin, Matt Lory
We offer some guidance for health plans on navigating Medicare Part D settlements after the program's reshaping under the Inflation Reduction Act.
Article
Long-Term Care Focus: Q1 2023
25 April 2023 - by Juliet Spector, Annie Gunnlaugsson, Alyssa Lu, Chuck Coatsworth, Anders Hendrickson, Robert Eaton, Mike Bergerson, Jeff Anderson
This Long-Term Care (LTC) Focus newsletter showcases the projects that Milliman LTC consultants are working on now.
Article
Evaluation of the savings methodology for the HCSC Health Advocacy Solutions program
19 December 2022 - by Troy M. Filipek, Todd Wanta, Anders Hendrickson, Penny Edlund, Maureen Tressel Lewis
We examine a provider’s savings methodology for its clinical program, giving insight on opportunities to more accurately measure intended cost reductions.
Article
eviCore healthcare: Evaluation of the eviCore SAVE Methodology used in the medical oncology and radiation oncology programs
07 September 2021 - by Todd Wanta, Anders Hendrickson, Troy M. Filipek
Learn why Milliman has found that eviCore Savings Analysis Verified Empirically methodology is fundamentally sound.