The start of 2017 will see some new changes to MSP premiums in BC. As of January 1st, per the Ministry of Health:
- There will be no premiums for children under 19 years of age.
- MSP premium rates will be determined by the number of adults on an MSP account (the MSP account holder and, if applicable, a spouse).
- The MSP premium rate for two adults will be twice the amount of the single adult rate.
- Full Regular Premium Assistance will be available to those whose adjusted net income is $24,000 or less (an increase from the current $22,000).
- Premium Assistance will be available to those whose adjusted net income is up to $42,000 (an increase from the current $30,000).
- You can view the
2016 premium rates and
2017 premium rates on the MSP Premiums page.
This article offers general information only and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBC Ventures Inc. or its affiliates.
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