Rate justification notice

2027 Rate justification information

Priority Health (29698)

MyPriority HMO – Individual – 29698MI054

Effective date: 01/01/2027

Current review status: Final

Review status date: 09/03/2026

Requested rate change: +11.18%

Submission period: Annual

Submission date: 05/27/2026

Includes exchange plan(s): Yes

Final determination: Approved

Final rate change: +11.18%

Priority Health (29698)

MyPriority HMO – Individual – 29698MI054

Effective date: 01/01/2026

Current review status: Final

Review status date: 10/16/2025

Requested rate change: +19.16%

Submission period: Annual

Submission date: 05/28/2025

Includes exchange plan(s): Yes

Final determination: Not unreasonable

Final rate change: +19.16%

Issuer's rate change justification

A Part II Written Description:

The reasons for the rate change include:

  • Updated experience upon which the rates are based.
  • Updated medical and prescription Rx cost and utilization trends.
  • Updated benefit relative values, which may cause variation in rate changes by plan.
  • Prospective benefit adjustments to existing products; the benefit relative values have been updated, which may cause variation in rate changes by plan.
  • Re‐evaluation of the anticipated morbidity adjustment to the rating base.
  • Anticipated changes in the payments to the Federal Risk Adjustment program.
  • Updated factors for administrative expenses and margin. With this filing, the margin varies by plan.
  • Updated taxes and fees.
  • No impact is assumed for the expiration of the Public Health Emergency.