MSP Premium Changes Effective Jan. 1, 2018

In January 2018, Medical Services Plan (MSP) premium rates and the Regular Premium Assistance program are changing. The following provides important information for group administrators.

Premium Rates

Effective Jan. 1, 2018, current rates for MSP Premiums will be reduced by 50 per cent for all British Columbians.

  • There is no need to apply for this reduction as premium amounts will be automatically adjusted for all British Columbians.
  • The Regular Premium Assistance program remains in place, providing financial assistance to those with an annual adjusted net income of $42,000 or less.
  • Families with an annual adjusted net income of $26,000 or less will pay no MSP premiums at all. This is a $2,000 increase from the current $24,000.

A table illustrating 2017 and 2018 premium rates, premium assistance levels, and new rate (subsidy) codes follows. 

2018 Rates
Rate Code Adjusted Net Income One Adult Two Adults in a Family
H $0 - $24,000 $0.00 $0.00
I $24,001 - $26,000 $0.00 $0.00
J $26,001 - $28,000 $11.50 $23.00
K $28,001 - $30,000 $17.50 $35.00
L $30,001 - $34,000 $23.00 $46.00
M $34,001 - $38,000 $28.00 $56.00
N $38,001 - $42,000 $32.50 $65.00
C Over $42,000 $37.50 $75.00
2017 Rates
Rate Code Adjusted Net Income One Person Two Adults in a Family
H $0 - $24,000 $0.00 $0.00
I $24,001 - $26,000 $11.00 $22.00
J $26,001 - $28,000 $23.00 $46.00
K $28,001 - $30,000 $35.00 $70.00
L $30,001 - $34,000 $46.00 $92.00
M $34,001 - $38,000 $56.00 $112.00
N $38,001 - $42,000 $65.00 $130.00
C Over $42,000 $75.00 $150.00

Note: There are no MSP premiums for children.

Special Invoice Distribution Date

MSP Groups’ payroll and invoice systems will need to be updated to reflect the 50 per cent rate reduction for all group members, effective Jan. 1, 2018.

To provide additional time to prepare, the January 2018 invoice that MSP groups receive in December 2017 will be produced and distributed in early December.

The Group invoice is not changing.

Rate (Subsidy) Codes

There is no change to existing rate codes at this time. To reflect the increased threshold for full premium assistance, rate codes “H” and “I” will both result in $0 premiums.  The unchanged rate (subsidy) codes are as follows:

Band Adjusted Net Income Premium Rate Code
1 $0 - $24,000 H
2 $24,001 - $26,000 I
3 $26,001 - $28,000 J
4 $28,001 - $30,000 K
5 $30,001 - $34,000 L
6 $34,001 - $38,000 M
7 $38,001 - $42,000 N
8 Over  $42,000 C

Questions and Answers

For more information, please see these questions and answers (PDF, 169KB) regarding the MSP premium changes.