MVP Rate Review Decision Issued

MVP proposes an average annual increase of 8.8% over 2016 premiums offered on Vermont Health Connect. Proposed increases per plan range from 3.5%-13.5%.

Docket No. GMCB-007-16rr

SERFF No. MVPH-130558905

DECISION

Plain Language Summary (SERFF)

Date Posted to Web: 5/11/16

MVP proposes an average annual rate decrease of -4.4% for those enrolling in the third and fourth quarter of 2016.

Docket No. GMCB-006-16rr

SERFF No. MVPH-130467866

DECISION

Actuarial Memorandum

This filing demonstrates the development of its manual rates in support of MVP Health Insurance Company’s (MVP) Large Group AR42 product portfolio and seeks approval of the manual rates, experience rating formula, and factors used to develop group specific premium rates to be used in the third and fourth quarter of 2016. 

Docket No. GMCB-004-16rr

SERFF No. MVPH-130454426

Date Posted to Web: 02/23/16

MVP Health Insurance Company is proposing an average annual increase of 9.3% for the third quarter 2016 renewals, and 7.9% for the fourth quarter 2016 renewals for grandfathered small groups.

Docket No: GMCB-002-16rr

SERFF No: MVPH-130435575

Date Posted to Web: 2/9/16

Agriservices Association is an association for farmers. Agriservices utilizes MVP’s large group Minimum Premium Plan (MPP) funding arrangement to offer 5 health plan options to their member groups. Agriservices is renewing their MVP contract with a December 1, 2015 effective date. MVP is proposing an average annual increase of 26.9% over 2014 premiums. Premium rates are guaranteed for 12 months.

Docket No. GMCB-012-15rr

SERFF No. MVPH-130236588

Date Posted to Web: 9/9/15

Date Updated: 11/10/16

MVP Health Insurance Company is proposing an average annual increase 2.7% for the first quarter 2015 renewals, and 2.3% for the second quarter of 2016 renewals for grandfathered small groups.

Docket No. GMCB-011-15rr

SERFF No. MVPH-130186136

Date Posted to Web: 7/30/15

DECISION

Motion for Reconsideration

This filing demonstrates the development of its manual rates in support of MVP Health Insurance Company’s (MVP) Large Group AR42 product portfolio and seeks approval of the manual rates, experience rating formula, and factors used to develop group specific premium rates to be used in the first and second quarter of 2016. 

Docket No. GMCB-010-15rr

SERFF No. MVPH-130178700

Date Posted to Web: 7/24/15

DECISION

MVP Health Plan proposes and average annual increase of 3.0% over 2015 premiums offered on Vermont Health Connect. 

Docket No. GMCB-007-15rr

SERFF No. MVPH-130053210

Date Posted to Web: 5/17/15

Date Updated: 8/24/15

DECISION

Plain Language Summary

MVP proposes an average annual rate increase of 5.5% for those renewing or enrolling in the third and fourth quarter of 2015.

Docket No. GMCB-005-15rr

SERFF No. MVPH-129877747

Date Posted to Web: 2/5/15

Date Updated: 2/27/15

DECISION

MVP Health Insurance Company proposes an average annual increase of 5.1% for the third and fourth quarter of 2015 for its Grandfathered Small Group block of business. 

Docket No. GMCB-002-15rr

SERFF No. MVPH-129866393

Date Posted: 2/2/15

Date Updated: 2/9/15

DECISION

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