Blog

MSP Premium Changes for 2017

The Dr. Bill Team
Sep. 8, 2016
1-minute read
Tags:


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.

Features that fit your practice

Our software helps you save time, collaborate with ease and get expert support.

See Features

5 Reasons Why MSP Claims Get Delayed

Related Blog

When you submit claims to the Medical Services Plan (MSP) in British Columbia for reimbursement you can expect to get paid twice monthly. Typically 7-10 days after cut-off date (the deadline to submit claims in BC in order for them to be paid) you’ll get a ‘MSP Remittance Advice (RA) Report’ and an ‘Error Code

When it comes to medical billing expertise, the team at Dr.Bill is up to date, on your side and eager to share. Whether reporting on time saving billing tips or ways to increase your earnings, they’ll keep you connected and in the know.

More from this author

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