Robert L. Schmidt, FSA, EA, MAAA, is a principal and consulting actuary with Milliman. He is the global practice director of Milliman's Employee Benefits Discipline. He also serves on Milliman’s Health Steering Committee as a national OPEB and Health Benefits leader and serves on the Milliman Board of Directors.
Robert works with a variety of public, multiemployer, and corporate clients, with member bases that range from a few hundred to more than 100,000 individuals. He specializes in retiree and active healthcare plan consulting. His consulting assignments have included general and strategic consulting, healthcare reform strategy analysis, benchmarking analysis and surveys, review of vendor contracts, benefit design, self-funding feasibility studies, health vendor RFP consulting, Medicare and non-Medicare exchange analyses, RDS attestations, and post-retirement benefit valuations.
Publications and Presentations
Robert is a frequent speaker before professional and client groups and has authored articles on current employee benefit issues for Milliman publications, CCH Compliance Guide for Plan Administrators, and the Journal of Pension Benefits. Robert’s most recent publications include:
Milliman’s Retiree Health Cost Index (RHCI) measures the amount of savings (net of taxes) needed at age 65 to pay for a retiree’s remaining lifetime healthcare costs.
22 September 2022 - by Robert Schmidt, Eric Walters
We review the average projected cost for a 65-year-old under the two most common pathways for Medicare-eligible retirees and explore how these costs may vary