Actuarial services for health plans, and state and federal regulators. Find Out More
156 W. Calle Guija, Suite 200 Sahuarita, Arizona 85629
  • Improving Health
    Outcomes

    Providing data-based insights to help make healthcare more affordable and work better for everyone, while effectively managing risk for stakeholders.

  • Leading National
    Actuarial Firm

    We provide health plans and state and federal regulators with the technical skills and abilities of a large actuarial firm, but delivered with the personal approach and human touch of a smaller firm.

WELCOME TO NOVAREST

We are your best option for Actuarial Services

“We just past our 20 year mark in business and continue to grow our company by providing targeted, individualized solutions tailored for each client’s needs.”

Our success is driven by our company wide philosophy of approaching every client and situation in an honest, ethical manner, never overpromising, but always over delivering.

Donna Novak

Donna Novak -

President & CEO

Consult With An Actuary

The actuaries at NovaRest hold multiple prestigious actuarial designations and have an average of 20 to 30 years of experience working in the health industry for fortune 100 health insurers and top consulting firms.

SERVICES OVERVIEW

Helping create an efficient market that meets the needs of today’s healthcare consumer

For Health Plans

Product development, rate setting, risk assessment, provider contracting support…

For Regulators

Medicare bid review, rate filing review, benefit impact analysis, audit support, reform review…

Additional Services

Financial reporting, expert witness testimony, data base development and maintenance…

WHY CHOOSE US

What is an Actuary?

An actuary is a business professional who analyzes the financial consequences of risk and uncertainty.

Actuaries are trained in statistics, insurance, accounting, and finance. While actuaries work for many different types of entities, insurance companies, National Association of Insurance Commissioners (government) or actuarial consulting firms. Actuaries mathematically evaluate the likelihood of events and quantify the contingent outcomes in order to minimize losses, associated with uncertain undesirable events. Actuaries typically apply their knowledge to determine policy rates, capital requirements, reserves to pay claim obligations, cash flow projections, return on investment, and actuarial certification of reserves.

To become a credential actuary one must pass a long and rigorous series of actuarial examinations covering topics from statistics, finance, insurance, regulation, law and economics. 

WHO WE ARE

Our Actuarial Designations

FSA

The Society of Actuaries is one of the most highly regarded professional organizations serving the actuarial profession

MAAA

The American Academy of Actuaries is a prestigious organization that represents all actuarial practices 

FCA

A prestigious designation and title given to actuaries who are substantially engaged in a consulting actuarial practice

MORE ABOUT US

Our Actuarial Team

Our seasoned consultants have an average of 20 to 30 years of experience working in the actuarial field and offer great expertise and support to health plans, as well as state and federal regulators.

Our actuarial firm offers all the skills and technical abilities of the large actuarial firms, but at much more competitive rates, and with the human touch and personal service of a smaller firm.

HEALTHCARE REFORM & OTHER RELATED INFO

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By: Wayne Novak
Date:  December 26, 2020

We are an actuarial consulting firm helping regulators, health plans and other key players navigate the complexities of today’s health insurance industry.  

Contact

156 W. Calle Guija, Suite 200 Sahuarita, Arizona 85629

520-908-7246

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FCA Fellow Consulting Actuaries Designation

A Fellow of the Consulting Actuaries is a prestigious designation and title given to actuaries who are substantially engaged in a consulting actuarial practice and have met the following additional requirements:

1)  Have completed six years of experience in responsible actuarial work, three of which are in actuarial consulting, and attained the designation of ASA (Associate of the Society of Actuaries), or ACAS (Associate of the Casualty Actuarial Society), or EA (Enrolled Actuary), or MAAA (Member of the American Academy of Actuaries), or MSPA (Member of the American Society of Pension Professionals and Actuaries) or the equivalent designation for any international actuarial organization accepted by the Board of Directors of the Conference;

2)  Have been an active member in the Conference for a period of three consecutive years after attainment of the Associate membership designation, be in good standing, and practicing as a consultant; or

3)  Have attained the designation of FSA (Fellow of the Society of Actuaries), FCAS (Fellow of the Casualty Actuarial Society), or FSPA (Fellow of the American Society of Pension Professionals and Actuaries), or the equivalent designation for any international actuarial organization accepted by the Board of Directors of the Conference.

Additionally, applicants must meet such other qualifications and requirements as may be required from time to time by the Board of Directors.

MAAA – Member of the American Academy of Actuaries

The American Academy of Actuaries is a prestigious organization that represents all actuarial practices (health, life, pension and property casualty) in the US.   It sets for the qualification, practice, and professionalism standards for actuaries credentialed by one or more of the five U.S.-based actuarial organizations in the United States.  Membership requires that among other things, one must be an Associate or Fellow in the Society of Actuaries in good standing.

FSA & ASA Designations – Fellow OR Associate of the Society of Actuaries

The Society of Actuaries is one of the most highly regarded professional organizations in nation serving the actuarial profession.  The Society has three main purposes; providing primary and continuing education for students and practicing actuaries, maintaining high professional standards for actuaries, and conducting research on actuarial trends and public policy issues.  To become an Associate or Fellow, one must satisfy a wide range of educational requirements and pass a set of comprehensive exams.