Blog

Register for the Business Cost Premium (BCP) retroactive payment with HIBC by July 31, 2022

Tracy B.
Jun. 16, 2022
1-minute read

If you qualify for the BCP retroactive payment, don’t forget to register with Health Insurance BC (HIBC) by July 31, 2022 to ensure payment:

  • Doctors who register by July 31, 2022 are eligible to resubmit billing claims to receive retroactive BCP payment back to April 1, 2021
  • Doctors who register on August 1, 2022 or after are eligible to resubmit billing claims to receive retroactive BCP payment back to April 1, 2022.

The BCP started in April 1, 2020 to help cover the rising rent, lease, or ownership costs of a community-based office. The BCP allows eligible doctors to receive a percentage premium on MSP fees for Consultation, Visit, Counselling, and Complete Examination services.

See eligibility requirements and register.

Already registered? When the BCP is paid, you will see it as a Level 1 adjustment on your remittance statement.

I had nearly 50% of my submissions rejected, but Dr. Bill conveniently followed up on them for me. It’s the most user-friendly service I have come across.
Read more

Business Cost Premium Registration Dates and Retro-pay for Community-Based Doctors

Related Blog

If you are a community-based doctor and the increasing cost of renting, leasing, or owning your office space is becoming a hassle, you may be eligible for an MSP premium.  As of April 1st, 2020, doctors who rent, lease, or own community-based offices can now receive a percentage premium on MSP fees for consultation, visit,

Tracy is a seasoned senior-level content writer and full time team member at Dr.Bill. By staying closely connected to the needs of Canadian healthcare professionals, she creates to-the-point content that helps physicians manage their medical billing and their practices better.
More from this author
Things our lawyers want you to read
+ -

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.

 

Get the latest industry updates, billing tips and more direct to your inbox.