Richard
H.
Bailey
FCA-R MAAA FSA
Retired
Recently retired, but immediately prior was Mercer's Retiree Medical Leader. Preceding that, Rich was Mercer Health and Benefits’ East Market Financial Leader, responsible for the overall delivery of actuarial services to clients from New England to Florida. The role focused internally on hiring, training and development of actuarial staff, and externally to ensure the effective deployment of actuarial tools, resources and personnel to both clients and prospects. In this role, Rich also supported the H&B Chief Actuary and many related national initiatives.
Rich was also a Senior Consulting Actuary managing financial projects for large and jumbo clients. From 2009 to 2015 Rich was the chair of Mercer’s national Actuarial and Financial Group (AFG) workgroup on Health Reform modeling. In this capacity he led Mercer's efforts in developing and distributing the necessary models and tools to help clients navigate Health Reform and understand its likely impacts.
He is a recognized expert in the areas of employer plan pricing, reserving and budgeting, as well as retiree medical design and valuation.
Since 2000, Rich has been involved in every aspect of the business’ operations including tenure as Richmond H&B’s Office Business Leader, and in 2016 led the growth of the Richmond office’s actuarial team before taking on the market role.
Rich was in the benefits business since 1990. Prior to joining Mercer in 1995, he spent five years with Travelers/MetraHealth in Hartford, CT, with responsibilities including group pension bidding and reserving, and group health insurance pricing. He was the small group pricing actuary for Travelers’ West Unit.
Rich has been a speaker at various professional functions, including the Conference of Consulting Actuaries, the Mid-Atlantic Actuarial Club and Mercer’s annual Health Care Seminar.
Rich holds a BA in Actuarial Science from the University of Connecticut. He is a Fellow of the Conference of Consulting Actuaries (FCA-R), a Fellow of the Society of Actuaries (FSA), and a Member of the American Academy of Actuaries (MAAA).
Rich served six years on the Board of Directors of the Conference of Consulting Actuaries and served on its Executive Committee as Secretary.
In 2022, Rich took a leave of absence and hiked the entirety of the Appalachian Trail, 2,194.3 miles from Georgia to Maine. He retired March 1, 2024.
Practice Area(s)
- Retirement
- Health & Welfare
- Life
- Casualty
- Other
Current CCA Committees
Prior Service on CCA Committees
CCA Speaking Engagements