MVPH-128099074

RATE FILING SUMMARY

• Small Group EPO/PPO and High Deductible EPO/PPO rate filing for the 3rd Quarter of 2012
• Company is proposing an average rate increase of 9.9%

MVP Health Care is a non-profit health care payer operating in Vermont, New York, and New Hampshire. MVP’s mission is to provide high quality and affordable health care with a focus on wellness to our members.

MVP must obtain approval from BISCHA of the health insurance premium rates charged. MVP files quarterly premium rates which are guaranteed for 12 months. This rate filing seeks approval of MVP\'s 3rd quarter 2012 premium rates (effective dates of coverage beginning between July 1, 2012 and September 30, 2012).

The premium rates filed for approval each quarter reflect MVP\'s current estimate of the cost of providing health insurance for that coverage period. The filed premium rates for the current quarter may be higher or lower than the previously filed premium rates. However, premium rates generally increase over time. Increases in premium rates are driven by many factors including increases in use of medical services by the insured population, increases in hospital and physician required charges for medical care and the exit of healthier individuals from the insurance market place as the cost of insurance increases. 

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The Department of Financial Regulation's recommendation to the Green Mountain Care Board.

Actuarial Opinion

The Green Mountain Care Board’s decision can be found here: http://gmcboard.vermont.gov/rate_review