Memo: 2018 MSP Premium Rate Change (Dec. 1, 2017)

Memorandum
Date: Dec. 1, 2017
From: Human Resources
To: UBC employees who are enrolled for MSP through UBC and who pay premiums through payroll deduction
Subject: 2018 MSP Premium Rate Change


The British Columbia Ministry of Health has announced that MSP premium rates will be reduced by 50% effective Jan. 1, 2018. There is no need to apply for this reduction as premium amounts will be automatically adjusted.

The table below shows what you currently pay and the new premium effective Jan. 1, 2018, for one-adult or two-adult coverage (dependent children may be covered at no additional cost).

The change in premium will appear on your Dec. 31, 2017, pay cheque (premiums are taken one month in advance). You can view your pay statement online via theUBC Faculty and Staff Self-Service website (VPN is necessary to access Self-Service off campus).

If you pay 100% of the MSP premium

  Current Effective Jan. 1, 2018
  Monthly premium Monthly premium
1 Adult $75 $37.50
2 Adults $150 $75.00

If you pay 75% of the MSP premium

  Current Effective Jan. 1, 2018
  Total monthly premium Monthly premium Total monthly premium Monthly premium
1 Adult $75.00 You Pay: $56.25 $37.50 You Pay: $28.12
UBC Pays: $18.75 UBC Pays: $9.38
2 Adults $150.00 You Pay: $112.50 $75.00 You Pay: $56.25
UBC Pays: $37.50 UBC Pays: $18.75

If you pay 50% of the MSP premium

  Current Effective Jan. 1, 2018
  Total monthly premium Monthly premium Total monthly premium Monthly premium
1 Adult $75.00 You Pay: $37.50 $37.50 You Pay: $18.75
UBC Pays: $37.50 UBC Pays: $18.75
2 Adults $150.00 You Pay: $75.00 $75.00 You Pay: $37.50
UBC Pays: $75.00 UBC Pays: $37.50

For Additional Information

For more information about MSP, please visit http://www.hr.ubc.ca/wellbeing-benefits/benefits/details/medical-services-plan/.

If you have any questions, please email benefitsinfo@hr.ubc.ca.