BC MSP premiums are going down by 50% for everyone on January 1, 2018

In case you missed it, there’s some good news coming for 2018 – everyone’s BC Medical Services Plan premiums will be cut in half starting January 1, 2018.

The new BC NDP government announced this back in September, but just in case that budget update passed you by, we thought you’d appreciate a reminder.

All premiums will be reduced by half for everyone. There’s no need to apply, as the discount will be automatically applied to your account.

As well, the threshold for exemption from paying MSP at all is increasing to $26,000 for individuals and $35,000 for couples with two children.

The reduction is part of the province’s plans to eliminate MSP premiums completely within four years.

An MSP taskforce is guiding the elimination of MSP premiums and replacement of revenue.