MVP Health Care serves more than 600,000 members across its three-state service area. Its membership is highly concentrated in Vermont and New York, with just 1 percent of its members being insured under New Hampshire policies. MVP has accordingly decided to withdraw from the New Hampshire marketplace in order to concentrate its focus on New York and Vermont. MVP will continue to insure businesses based in Vermont and New York which have locations and employees in New Hampshire.
Under New Hampshire law, this withdrawal will be conducted over a period of time commencing with a 180-day notice to members. MVP will be accepting renewals of existing New Hampshire insurance policies during this period, but it will not be offering coverage to new groups. MVP will then handle all of the remaining policy obligations on its New Hampshire insurance policies.
MVP in a statement said it has been proud to serve New Hampshire residents and will work with its brokers, customers, and regulators to ensure a smooth transition.
About MVP Health Care: Founded in 1983, MVP Health Care is a community-focused, not-forprofit health insurer serving members in the states of New York, Vermont and New Hampshire.
Through its operating subsidiaries, MVP Health Care provides fully insured and self-funded employer health benefits plans, dental insurance, and ancillary products such as flexiblespending accounts, to more than 613,000 members, with a regional network of 19,000 health care providers, as well as providing access to a national network of more than 500,000 health care providers. For more information, visit www.mvphealthcare.com, on Facebook at www.facebook.com/mvphealthcare, and on Twitter at @MVPHealthCare.
Source: Schenectady, NY, October 15, 2013’MVP Health Care
MVP withdraws from NH market, to concentrate on Vermont and New York
Submitted by tim
on