What is the cost of MSP coverage?
Asked 6 months ago
The cost of Medical Services Plan (MSP) coverage in British Columbia varies depending on certain factors. For eligible residents, the current monthly premium is $75. Additionally, there are premium assistance programs available to support individuals and families with lower incomes. Those with an adjusted net income below a certain threshold may qualify for reduced premiums or complete exemption from paying MSP fees. Premiums are assessed annually based on the previous year's tax return. It is important to note that MSP premiums are being phased out as part of the government's plan to eliminate them completely by January 1, 2020.
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