MVPH-128889199

RATE FILING SUMAMRY

MVPHIC’s 3Q2013 and 4Q2013 Individual Indemnity Rate Filing.

Company is proposing an average annual rate increase of about 13.6% (over 3Q2012 rates) for policyholders renewing in 3Q2013 (July-September).  For fourth quarter 2013 renewals (October-December), the overall average annual rate increase being proposed is 5.4% (over 4Q2012 rates).

Consumer Disclosure about Proposed Health Insurance Rate Increase
Q3 and Q4 2013 Individual Indemnity Rate Filing

MVP Health Insurance Company is a health care payer operating in Vermont and New York.
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 the Green Mountain Care Board for the health insurance premium rates
charged. MVP files monthly premium rates which are guaranteed for 12 months. This rate filing seeks
approval of MVP's premium rates for contract effective dates beginning between July 2013 and December
2013.

The premium rates filed for approval reflect MVP's current estimate of the cost to provide 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, expanded covered services due to
government mandates, fees and assessments charged by the government to insurers, and the exit of
healthier individuals from the insurance market place as the cost of insurance increases.

The premium rates included in this rate filing reflect a 9.7% annual increase over the July 2012 – December
2012 premium rates. 4.3% of the 9.7% proposed increase is due to new government mandates and
assessments (at both the state and federal level) which were not in effect the last time these groups renewed.
MVP currently insures 2,120 Vermonters in this product line, and 1,142 of them renew between July and
December. The minimum proposed rate change for members renewing is 5.4% while the maximum rate
change is 14.0%.

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Click attachment to view entire filing.

Once the actuarial opinion has been received by the Department and the Commissioner’s recommendation concerning this filing has been made, these documents will be found at the Green Mountain Care Board’s rate review website:  http://gmcboard.vermont.gov/rate_review  You can search the Board’s website using the SERFF tracking number at the top of this page.  Once the decision has been issued by the Board we will update the status of the filing on our website.  Please note there is a time lapse between when the filing is submitted to our Department and when the Board issues the decision.