Health Actuary Overview
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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Health Actuary Jobs
Average Salary for a Health Actuary
Best Paying Cities
Recently Added Salaries
Job TitleCompany  | Company | Start Date | Salary |
|---|---|---|---|
Smith Hanley Associates 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 |
Smith Hanley Associates 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 |
Smith Hanley Associates Health Actuary Health Actuary | Smith Hanley Associates Smith Hanley Associates | 01/15/2020 01/15/2020 | $140,00001/15/2020 $140,000 |
Ezra Penland Actuarial Recruitment Health Actuary Health Actuary | Ezra Penland Actuarial Recruitment Ezra Penland Actuarial Recruitment | 06/10/2019 06/10/2019 | $150,00006/10/2019 $150,000 |
Lockton-Dunning Series of Lockton Companies, LLC 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
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.
- Health Care, 33.2%
- FSA, 31.1%
- Medicare, 22.4%
- Insurance Companies, 4.0%
- Gaap, 2.8%
- Other Skills, 6.5% See All Health Actuary Skills