Medical, pension payments up in 2014

Medical premiums for all but low-income B.C. residents go up again with the start of a new year.

Medical Services Plan premiums go up four per cent effective Jan. 1

Medical premiums for all but low-income B.C. residents go up again with the start of a new year.

The B.C. government is increasing its Medical Services Plan premiums for the fifth straight year, by four per cent across the board. The Canadian Taxpayers’ Federation released its annual survey of tax and other payroll deductions Monday, calculating that MSP premiums in B.C. have risen 28 per cent since 2010.

Effective Jan. 1, the monthly health premium for a single person rises from $66.50 to $69.25. In 2014, families of two pay $125.50, up from $120.50, and families of three or more pay $138.50, up from $133.00.

Many full-time employees have their MSP premiums paid by their employer. People earning $30,000 or less are eligible for reduced premiums on a sliding scale, with premiums eliminated for those earning $22,000 a year or less.

The B.C. government has used the increased MSP revenues to offset the long-term growth of health care costs, which are approaching half of the total provincial budget.

Finance Minister Mike de Jong’s 2013 budget projected health spending to increase 2.3 per cent in the current fiscal year, 2.7 per cent in the year beginning April 1 and only 2.2 per cent the following year. The government’s critics called that unrealistic after years of increases of more than five per cent.

The CTF reports that Canada Pension Plan and Employment Insurance payments are also going up for many people, despite a federal government pledge to freeze EI premiums for three years.

In its New Year Tax Changes report, it calculates that maximum EI premiums will go up $23 in 2014, totalling $914 for the year.

The maximum employee Canada Pension Plan deduction, charged to those earning $52,500 or more, goes up $70 to $2,426. Employers match employee CPP payments dollar for dollar.

Just Posted

CP rail workers give strike notice

Employees could walk out as early as Tuesday at 7 p.m. PT

Rugby team bullish after tournament win

Elk Valley rugby union players have put in an admira-bull effort to… Continue reading

Some light at the end of the tunnel for driver examiner shortage

As Sparwood student readies petition, ICBC has two new examiners in training

Teens youngest members in Fernie SAR history

Desire to help drives Ben Nixon and Josh Goodison to volunteer

Bear sightings prompt call for community action

Elk Valley and South Country residents have been urged to take responsibility… Continue reading

Trans Mountain pipeline: How we got here

A look at the Kinder Morgan expansion, decades in the making

Giant beer tanks arrive in new B.C. home city

Molson Coors tanks finish river journey and move to overland trip in Chilliwack

VIDEO: Pipeline supporters rally across B.C.

Five simultaneous events organized by month-old Suits and Boots lobby group

VIDEO: B.C. woman praises burn fund after boat explosion in 1978

White Rock woman was 16 years old when she was left with second- and third-degree burns

B.C.’s Ryan Craig, Vegas Golden Knights chase history

Local product behind bench for expansion team’s incredible championship run

Suspected scammer attempts to use Black Press newspaper to dupe woman

Canadian Anti-Fraud Centre offers tips after Langley resident received suspicious call

Vote points to abortion being legalized in Ireland

Voters asked whether to keep or repeal Eighth Amendment to Roman Catholic Ireland’s Constitution

COLUMN: Women’s breasts really aren’t that big a deal

A follow on some Princeton, B.C., students gained considerable exposure when they dropped their bras

Most Read