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MVP Rate Review Decision Issued

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MVP Health Care - 2024 Small Group Filing

Filing Status
Approved with Modification
Decision Date
Monday, August 7, 2023

On May 9, 2023, MVP Health Care (MVP) proposed an average annual increase of 12.5% over 2023 rates for small group plans offered on Vermont Health Connect, with proposed changes ranging from 8.4% to 15.2%. On August 7, 2023, the Board approved an average annual increase of approximately 11.5%.

Docket No.: GMCB-005-23rr

SERFFMVPH-133660956

Date Posted to Web: May 10, 2023

Date Comments Close
Monday, July 24, 2023

MVP Health Care - 2024 Individual Filing

Filing Status
Approved with Modification
Decision Date
Monday, August 7, 2023

On May 9, 2023, MVP Health Care (MVP) proposed an average annual increase of 12.5% over 2023 rates for small group plans offered on Vermont Health Connect, with proposed changes ranging from 8.4% to 15.2%.  On August 7, 2023, the Board approved an average annual increase of approximately 11.4%.

Docket No.: GMCB-004-23rr

SERFFMVPH-133660955

Date Posted to Web: May 10, 2023

Date Comments Close
Monday, July 24, 2023

MVP 2023 Large Group HMO

Filing Status
Approved with Modification
Decision Date
Monday, November 7, 2022

On August 9, 2022, MVP Health Plan, Inc. proposed an average annual rate increase of approximately 26.6% for employer groups with 100+ employees in Vermont with coverage between 1/1/2023 and 12/31/2023. 

Docket No.: GMCB-010-22rr

SERFFMVPH-133347862

Date Posted to Web: August 11, 2022

Last Updated: November 17, 2022

Date Comments Close
Monday, October 24, 2022

MVP Health Care - 2023 Small Group Filing

Filing Status
Approved with Modification
Decision Date
Thursday, August 4, 2022

On May 6, 2022, MVP Health Care (MVP) proposed an average annual increase of 16.6% over 2022 rates for small group plans offered on Vermont Health Connect, with proposed changes ranging from 8.9% to 19.8%. These numbers and/or percentages are subject to change throughout the rate and approval process. As of July 15, 2022, MVP proposed an average annual increase of 23.44% for Small Group plans over 2022 rates offered on Vermont Health Connect. 

Docket No.: GMCB-006-22rr

Date Comments Close
Thursday, July 21, 2022

MVP Health Care - 2023 Individual Filing

Filing Status
Approved with Modification
Decision Date
Thursday, August 4, 2022

On May 6, 2022, MVP Health Care (MVP) proposed an average annual increase of 17.4% over 2022 rates for individual and family plans offered on Vermont Health Connect, with proposed changes ranging from 9.7% to 24.2%. These numbers and/or percentages are subject to change throughout the rate and approval process. As of July 15, 2022, MVP proposed an average annual increase of 24.45% for Individual Group plans over 2022 rates offered on Vermont Health Connect. 

Docket No.: GMCB-005-22rr

Date Comments Close
Thursday, July 21, 2022

MVP 2022 Large Group HMO

Filing Status
Approved with Modification
Decision Date
Thursday, November 4, 2021

On August 6, 2021, MVP Health Plan, Inc. proposed an average annual rate increase of approximately 8.5% for employer groups with 100+ employees in Vermont with coverage between 1/1/2022 and 12/31/2022. The Board issued its decision and order on November 4, 2021. 

Docket No: GMCB-009-21rr

SERFF: MVPH-132932250

Posted to Web: August 9, 2021

Last Updated: Novemer 4, 2021

Date Comments Close
Wednesday, October 20, 2021

MVP Health Care - 2022 Small Group Filing

Filing Status
Approved with Modification
Decision Date
Thursday, August 5, 2021

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

Date Comments Close
Wednesday, July 28, 2021