MVP Rate Review Decision Issued

On May 7, 2021, MVP Health Care (MVP) proposed an average annual increase of 5.0% over 2021 rates for small group plans offered on Vermont Health Connect, with proposed changes ranging from -10.2% to 7.3%. These numbers and/or percentages are subject to change throughout the rate and approval process. On August 5, 2021, the Board reduced MVP's request to 0.8%. 

Docket No.: GMCB-008-21rr

SERRF No.: MVPH-132824927

On May 7, 2021, MVP Health Care (MVP) proposed an average annual increase of 17.0% over 2021 rates for individual and family plans offered on Vermont Health Connect, with proposed changes ranging from 10.4% to 20.9%. These numbers and/or percentages are subject to change throughout the rate and approval process. On August 5, 2021, the Board reduced MVP's proposed rate to 12.7% on average. 

Docket No.: GMCB-007-21rr

On February 12, 2021, MVP Health Care submitted an overall manual rate impact of -3.4% for its Large Group members with coverage dates between 7/1/2021 - 12/31/2021. On May 7, 2021, the Board approved as filed the MVPH large group POS riders for existing HMO products for coverage year 2021. 

Docket No.: GMCB-003-21rr

SERFF: MVPH-132718695 (as of May 10, 2021)

Date Posted to Web: 2/18/2021

On August 18, 2020, MVP submitted an average annual rate increase of approximately -1.2% with a minimum range of -6.91% to +6.07% for its Large Group members. On November 12, 2020, the Board modified and approved an average annual rate change of approximately -4.3%.

Docket No.: GMCB-008-20rr

SERFF No.: MVPH-132497714

Date Posted to Web: August 21, 2020

Date Updated: November 12, 2020

On May 8, 2020, MVP proposed an average annual increase of 7.3% over 2020 premiums offered on Vermont Health Connect, with proposed increases per plan ranging from 0.5% to 9.5%. On August 14, 2020, the Board modified and approved an average annual rate increase of approximately 2.7%, with plan level increases ranging from -3.9% to 4.7%.

Docket No. GMCB-006-20rr

SERFF No. MVPH-132371260 - Final 

Date Posted to Web: May 11, 2020

Date Updated: August 14, 2020

This filing represents MVP's Large Group Point of Service (POS) riders to provide out-of-network coverage as a supplement to in-network coverage provided on other MVP product lines. These riders are directly associated with MVP's Large Group HMO line of business (GMCB-008-19rr). 

MVP is proposing an average annual rate increase of approximately 17.3% for its Large Group members. The Point of Service (POS) riders associated with MVP's Large Group HMO line of business are contained in GMCB-007-19rr. With the Board's ordered modifications, the average annual rate increase for 1Q20 will be approximately 15.0%, instead of the 16.7% proposed in the filing, and we expect that, on average, the premium increase experienced by groups renewing in 1Q20 will be approximately 7.0%, instead of the 8.4% initially projected by the carrier.

On May 10, 2019, MVP proposed an average annual increase of 9.4% over 2019 premiums offered on Vermont Health Connect. Proposed increases per plan ranged from 5.0% to 23.7%. Following a review of the filing by Lewis & Ellis, the Green Mountain Care Board’s contract actuaries, MVP increased its proposed rate from 9.4% to 10.9%. On August 8, 2019, the Board modified and approved an average annual increase of 10.1%, with plan-level increases ranging from 5.7% to 13.6%.

Docket No. GMCB-005-19rr

SERFF No. MVPH-131934219 - Final 

Date Posted to Web: May 13, 2019

Date Updated: October 21, 2019

This filing represents MVP's Large Group Point of Service (POS) riders to provide out-of-network coverage as a supplement to in-network coverage provided on other MVP product lines. These riders are directly associated with MVP's Large Group HMO line of business (GMCB 10-18rr). 

Docket No.: GMCB-011-18rr

SERFF No: MVP-131604447 

Date Posted to Web: 08/08//2018

MVP proposed an average annual rate increase of approximately 13.7% for its Large Group members. The Board reviewed the filing and ordered modifications that reduce the average annual rate increase to approximately 11.5%. Point of Service (POS) riders associated with MVP's Large Group HMO line of business are contained in GMCB-11-18rr.

Docket No.: GMCB-10-18rr

SERFF No: MVP-131604445