Internship Duration: 11-weeks (6/2/25 – 8/15/25)
The Blue Cross Blue Shield of Massachusetts (BCBSMA) Actuarial Summer Internship is designed to provide those interested in pursuing an actuarial career with the opportunity to spend the summer working on challenging projects in a professional environment.
Over the eleven-week internship, each intern will be part of a team in the actuarial and analytics spaces, and they will have the opportunity to grow their actuarial knowledge as part of our Actuarial Leadership Development Program – BCBSMA’s development program for Early Career Actuaries.
What you’ll do:
Sample Project Work (Recent Past Years):
- Research and develop drug utilization trend reports at the therapeutic class level for the Medicare population.
- Analyze the profitability and competitiveness of market segments by geographic region in order to build out new area factor recommendations for rate setting.
- Develop models to calculate rebate liability exposure for current and future years for the Merged Market and Medicare Advantage lines of business.
- Determine the magnitude and drivers of behavioral health claims in light of COVID-19 and increased telehealth usage.
- Explore patterns in members with large claims and develop a model to predict the financial impact of members entering the federal High Cost Risk Pool.
- Evaluate the benefit buydown calculation used in medical expense reporting, trend projections and benefit change pricing factors used by multiple business areas.
- Create a model to identify members with major chronic conditions to support plan and account analytics.
- Update and provide enhancements for the best-in-class efficiency score reporting process.
Ideal for:
- Student currently pursuing coursework in Mathematics, Statistics, Actuarial Science, Economics, Business, Finance or other related path required
- Interest and aptitude in pursuing a math, analytics or actuarial career path