Stephen Costa Email and Phone Number
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Stephen Costa personal email
I am an Associate Actuary & Manager working for Independence Blue Cross in Reserving & Planning. I received my FSA in June of 2023.
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Independence Blue CrossPhiladelphia, Pa, Us -
Associate Actuary & Manager - Reserving & PlanningIndependence Blue Cross Jul 2023 - PresentPhiladelphia, Pa, UsDevelop supplemental reserves (in coordination with Operations and Provider Reimbursement), investigate A/E and claim speed trends, build reports, and present results to support monthly closesRebuilt and streamlined IBX’s completion factor model to improve consistency and reduce model run time, allowing the model to be run as often as monthly instead of annuallyCollaborated with key business areas, developed test queries, and tracked data warehouse updates to prepare for the transition to a new claims system
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Assistant Actuary - Medical Cost Analysis, Pharmacy PricingIndependence Blue Cross May 2021 - Jun 2023Philadelphia, Pa, UsUpdate, run, and review monthly pharmacy cost projection model, and analyze and present results to internal stakeholdersEnhance model to improve projection quality and utility of results, and streamline model to decrease run time and expedite model updatesDevelop new reporting, cost-benefit analyses, and trend projections to inform IBX’s response to the surge in GLP1 utilizationSupport AOP and Reforecast projections through additional modeling, model enhancements, and exploration of resultsIntegrate PBM rebate payments and projections into modeling process and provide monthly close rebate estimates to reserving
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Actuarial Analyst - Consumer & Small Group PricingIndependence Blue Cross Jul 2019 - May 2021Philadelphia, Pa, UsPrepare, review, submit, and revise annual and quarterly ACA consumer and small group filings to satisfy federal and state requirementsStreamline ACA filing development process to decrease turnaround time and facilitate comparison of different scenariosUpdate and maintain monthly ACA database tables, profitability reports, and dashboards to allow analysis of emerging financial experience, including process additions and improvementsDevelop and provide responses to data calls from state insurance departments, as well as create processes to more quickly answer similar requests in the future
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Retirement Actuarial InternWillis Towers Watson Apr 2018 - Sep 2018London, England, GbDevelop and maintain monthly reporting tools to provide timely financial information to senior regional management and save days of work each month relative to the original processPrepare client reports, presentations, and benefit calculations and presentations to support consultants in advising and communicating with plan sponsorsConduct market research on pensions on both a national and industry-specific basis to examine the status of pensions in the United StatesDevelop tools to assess the impact of tax reform on retirement saving decisions and inform recommendations to clientsValidate and scrub client participant data to more accurately measure plan liabilities and funding requirements -
Commercial Pricing Co-Op (Medicare Pricing)Independence Blue Cross Mar 2016 - Mar 2018Philadelphia, Pa, UsPrepare, document, submit, and revise Medicare Advantage (MA) bids to accurately meet government requirements and save time creating IBC’s MA plan offerings for the following calendar yearStreamline bid development process to reduce turnaround time when pricing different scenarios and increase accuracy and repeatability of resultsDevelop renewal and option rates for MA group customers to provide timely information regarding rate increases and benefit changesDevelop data scrubbing protocols and Annual Operating Plan (AOP) projections for Medicare Supplement to facilitate accurate analysis and projections for the productCollaborated with an intern team to provide financial analysis during the planning, research, and development of a proposal of a strategic initiative that senior management chose for possible implementation
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Summer Intern – Financial Planning & AnalysisAmerihealth Caritas Jun 2015 - Aug 2015Philadelphia, Pa, UsCollated key operational data for financial reports for Corporate Financial Planning & AnalysisDeveloped Excel macros to efficiently generate journal entries, saving the Accounting team time to focus on more complex tasks
Stephen Costa Skills
Stephen Costa Education Details
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Drexel University'S Lebow College Of BusinessGeneral -
Drexel UniversityMathematics
Frequently Asked Questions about Stephen Costa
What company does Stephen Costa work for?
Stephen Costa works for Independence Blue Cross
What is Stephen Costa's role at the current company?
Stephen Costa's current role is Associate Actuary & Manager at Independence Blue Cross.
What is Stephen Costa's email address?
Stephen Costa's email address is st****@****son.com
What schools did Stephen Costa attend?
Stephen Costa attended Drexel University's Lebow College Of Business, Drexel University.
What skills is Stephen Costa known for?
Stephen Costa has skills like Microsoft Excel, Microsoft Word, Microsoft Powerpoint, Microsoft Access, C++, Java, Visual Basic For Applications.
Who are Stephen Costa's colleagues?
Stephen Costa's colleagues are Jessica Nguyen, Veronica Valerio, Anna Marie Dadario, Molly C., Vincent Delongini, Jean Bienvenu Matoudidi, Toly Valerstein.
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