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Finance

MSP premiums eliminated; important reminders for British Columbians

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Finance

MSP premiums eliminated; important reminders for British Columbians

Media Contacts
Ministry of Finance
Media Relations
250 356-0543
Media Contacts
Ministry of Finance
Media Relations
250 356-0543

Backgrounders

Facts about MSP premiums in B.C.
  • MSP premiums were introduced in B.C. in 1965. The monthly unassisted premium rates at that time were for:
    • one person: $5
    • two people: $10
    • three or more people: $12.50
  • In 2000, a couple paid approximately $768 annually in MSP premiums.
  • In 2003, MSP premiums increased to $1,152 annually per couple and continued to rise until 2017, when couples paid $1,800 in MSP premiums every year.
  • In 2018, MSP premiums were reduced by 50%, and as of Jan. 1, 2020, were eliminated — representing a net tax cut of $800 million.
  • British Columbia was the last province in Canada to maintain Medical Services Plan premiums.

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