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MVP Rate Review Decision Issued

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

MVP Health Care - 2022 Individual 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 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

SERRF No.MVPH-132824950

Date Comments Close
Wednesday, July 28, 2021

MVP Large Group HMO 2021 POS Riders

Filing Status
Approved
Decision Date
Thursday, May 13, 2021

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

Last Updated: 5/10/2021

Date Comments Close
Wednesday, April 28, 2021

MVP 2021 Large Group HMO

Filing Status
Approved with Modification
Decision Date
Monday, November 16, 2020

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

Date Comments Close
Monday, November 2, 2020

MVP - VT Health Connect 2021 Filing

Filing Status
Approved with Modification
Decision Date
Friday, August 14, 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

Date Comments Close
Thursday, July 23, 2020

MVP 2020 Large Group POS Riders

Filing Status
Approved with Modification
Decision Date
Wednesday, November 13, 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-008-19rr). 

Date Comments Close
Monday, October 28, 2019