In January 2017, MSP premium rates and the Regular Premium Assistance program are changing. As a result, more British Columbians will be eligible for assistance with their MSP premiums.
On Sept. 15, 2016, the government of British Columbia announced updates to the previously published 2017 MSP premium and Regular Premium Assistance rates. The planned 4% increase has been cancelled. As a result, the full premium rate for one adult will not increase and will remain at the 2016 rate of $75.
In addition, rates for those receiving Regular Premium Assistance will be reduced by about 4% beyond what was announced with Budget 2016.
As of January 1, 2017:
- 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.