IBNR Calculation Software - Medical

[josie]

Does anyone know of any good commercially available software package for calculating the IBNR for Medical Health Insurance (Indemnity, Managed Care, Dental, RX)?

[Maine-iac]

In my health days we had a pretty good package we bought from Milliman. Expensive, but flexible.

[PAC]

Ditto Maine-iac's comments on Milliman reserving package, assuming it's the same one.

We used it to review a relatively large volume of reserving lines relatively quickly.

[Dr T Non-Fan]

MS Excel. Do it yourself.
There's no possible way that a package will be as reliable, since in the end it's all an educated guess.

[sb_jim]

APL works great if you have some time to do the programing yourself. Ernst & Young used to sell a system that used Excel.

[Patience]

I agree with DTNF. The hard part is capuring the data. If you have that it is easy to build & maintain.

We actually do ours in Access, which automatically downloads into an Excel for more flexibility & scenario testing