The new year rang in on a healthy note, that being lesser rates for basic B.C. medical coverage.
The province announced Dec. 27 that MSP (Medical Services Plan) premiums would be cut by 50 per cent effective the first day of January.
Changes have also be made to the income threshold for full exemption from MSP premiums under the premium assistance program – individuals can now earn $2,000 more and still be eligible for the program.
Beginning Jan. 1 persons earning up to $26,000 per year will pay no premiums, and couples earning up to $29,000 per year will pay no premiums.
Single parents with two children earning up to $32,000 per year will no longer pay premiums, and couples with two children earning up to $35,000 per year are now exempt from monthly payments.
Additionally, senior couples earning up to $35,000 per year will no longer be subject to premiums.
Under the Medicare Protection Act, MSP enrolment is mandatory for all eligible B.C. residents and their dependents.
In B.C., residents pay monthly MSP rates (premiums), which help meet a portion of the costs of the province’s healthcare system. MSP covers the cost of medically-necessary insured hospital and doctor services.