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Working as a Health Actuary

There is more than meets the eye when it comes to being a health actuary. For example, did you know that they make an average of $54.6 an hour? That's $113,567 a year!

Between 2018 and 2028, the career is expected to grow 20% and produce 5,000 job opportunities across the U.S.

What Does a Health Actuary Do

There are certain skills that many health actuaries have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and technical skills.

When it comes to the most important skills required to be a health actuary, we found that a lot of resumes listed 34.8% of health actuaries included health care, while 32.0% of resumes included fsa, and 20.8% of resumes included medicare. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the health actuary job title. But what industry to start with? Most health actuaries actually find jobs in the professional and insurance industries.

How To Become a Health Actuary

If you're interested in becoming a health actuary, one of the first things to consider is how much education you need. We've determined that 42.9% of health actuaries have a bachelor's degree. In terms of higher education levels, we found that 28.6% of health actuaries have master's degrees. Even though most health actuaries have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a health actuary. When we researched the most common majors for a health actuary, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on health actuary resumes include doctoral degree degrees or associate degree degrees.

You may find that experience in other jobs will help you become a health actuary. In fact, many health actuary jobs require experience in a role such as actuarial consultant. Meanwhile, many health actuaries also have previous career experience in roles such as actuary or actuarial analyst.

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Average Salary$113,567
Job Growth Rate20%

Health Actuary Jobs

Average Salary for a Health Actuary

Health Actuaries in America make an average salary of $113,567 per year or $55 per hour. The top 10 percent makes over $188,000 per year, while the bottom 10 percent under $68,000 per year.
Average Salary
$113,567

Best Paying Cities

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Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Health Actuary-Predictive Analytics
Health Actuary-Predictive Analytics
Smith Hanley Associates
Smith Hanley Associates
11/20/2020
11/20/2020
$70,00011/20/2020
$70,000
Health Actuary-Predictive Analytics
Health Actuary-Predictive Analytics
Smith Hanley Associates
Smith Hanley Associates
10/30/2020
10/30/2020
$70,00010/30/2020
$70,000
Health Actuary
Health Actuary
Smith Hanley Associates
Smith Hanley Associates
01/15/2020
01/15/2020
$140,00001/15/2020
$140,000
Health Actuary
Health Actuary
Ezra Penland Actuarial Recruitment
Ezra Penland Actuarial Recruitment
06/10/2019
06/10/2019
$150,00006/10/2019
$150,000
Health and Welfare Actuary
Health and Welfare Actuary
Lockton-Dunning Series of Lockton Companies, LLC
Lockton-Dunning Series of Lockton Companies, LLC
05/07/2019
05/07/2019
$136,40605/07/2019
$136,406

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Entry Level Jobs For Becoming A Health Actuary

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Top Skills For a Health Actuary

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 34.8% of health actuaries listed health care on their resume, but soft skills such as analytical skills and math skills are important as well.

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Top Health Actuary Employers

1. Smith Hanley Associates
4.2
Avg. Salary: 
$91,968
Health Actuarys Hired: 
3+
2. Buck Consultants
4.0
Avg. Salary: 
$44,656
Health Actuarys Hired: 
2+
3. COUNTRY Financial
4.6
Avg. Salary: 
$45,513
Health Actuarys Hired: 
1+
4. Washington State Employees Credit Union
4.0
Avg. Salary: 
$47,256
Health Actuarys Hired: 
1+
5. Mercer
4.6
Avg. Salary: 
$57,676
Health Actuarys Hired: 
1+
6. Anthem
4.6
Avg. Salary: 
$49,102
Health Actuarys Hired: 
1+

Recently Added Health Actuary Jobs

Updated October 2, 2020