PacificSource Health Plans, founded in 1933, is a not-for-profit health insurance company based in Springfield, Oregon. The company provides a wide range of health insurance products and services to individuals, families, and employers. With a commitment to providing high-quality, affordable health care, PacificSource serves members across multiple states in the Pacific Northwest.

Services and Solutions

PacificSource offers a comprehensive suite of health insurance products designed to meet the diverse needs of its members. Key service areas include:

• Health Insurance: Providing a variety of plans for individuals, families, and employers.
• Medicare: Offering Medicare Advantage and Supplement plans.
• Medicaid: Providing health coverage solutions for low-income individuals and families.
• Dental and Vision: Comprehensive dental and vision plans for members.

Actuarial Opportunities

PacificSource provides various opportunities for actuaries within its health insurance, Medicare, and Medicaid divisions. Actuaries at PacificSource play a crucial role in pricing, risk assessment, financial modeling, and product development. Key areas where actuaries contribute include:

• Risk Assessment: Analyzing and managing risks associated with health insurance products.
• Data Analysis and Modeling: Utilizing advanced analytics to forecast financial outcomes and support strategic decision-making.
• Product Development: Collaborating with cross-functional teams to design and implement innovative health insurance products.
• Financial Reporting and Compliance: Ensuring adherence to regulatory requirements and maintaining accurate actuarial documentation.

Employee Benefits and Compensation

PacificSource is committed to attracting and retaining top talent by offering competitive compensation and a comprehensive benefits package. Key benefits include:

• Health and Well-being: Comprehensive health insurance plans, including medical, dental, vision, and wellness programs.
• Retirement and Savings: Participation in a 401(k) plan with company contributions and access to financial planning services.
• Work-Life Balance: Flexible work arrangements, generous paid time off, family and adoption leaves, and various wellness programs to support a balanced lifestyle.
• Professional Development: Opportunities for career advancement through training programs, leadership development, and continuous learning initiatives.

Business Divisions

PacificSource operates through several key business divisions, each specializing in different areas of health insurance and risk management:

• Health Insurance: Providing coverage for individuals, families, and employers.
• Medicare: Offering a range of Medicare plans.
• Medicaid: Managing Medicaid plans for low-income populations.
• Dental and Vision: Offering additional health coverage options.

Summary

PacificSource is a leader in providing innovative health insurance solutions, dedicated to helping individuals and businesses manage their health care needs and achieve financial security. With a strong presence across the Pacific Northwest, PacificSource offers comprehensive insurance products and a supportive work environment, making it an attractive employer for actuaries and other health care professionals. Actuarial professionals looking for opportunities at PacificSource can expect a dynamic workplace that values innovation, professional development, and employee well-being.