The BC Liberal government香蕉视频直播檚 pre-election budget promises to cut Medical Services Plan premiums by half next year, and eliminate them entirely after a consultation period.

The 50 per cent reduction would take effect Jan. 1, 2018 for families with a net income of up to $120,000. That would save an individual paying full premiums $450 a year and an average family of four up to $900. For lower-income B.C. residents, the threshold for paying MSP premiums would rise by $2,000, exempting individuals making up to $26,000 a year and families earning up to $35,000.

The NDP opposition has promised its own plan to eliminate MSP premiums, with details to come before the provincial election set for May 9.

香蕉视频直播淚t香蕉视频直播檚 going to help a lot,香蕉视频直播� said Jordan Bateman, B.C. director of the Canadian Taxpayers香蕉视频直播� Federation, who has campaigned against the MSP as a regressive tax. 香蕉视频直播淚 want to see it fully eliminated, and I think we香蕉视频直播檙e on that path.香蕉视频直播�

Jock Finlayson of the Business Council of B.C. said large employers would benefit as well as individuals.

香蕉视频直播淎 fair chunk of that MSP premium reduction is going to flow through to business or employers generally, including public sector employers,香蕉视频直播� Finlayson said.

Individuals and families paying MSP would be required to register for the reduction, so their income can be verified. Lower-income people receiving premium assistance would be automatically registered for the discount.

Employees should check their pay stubs to see if the discount would benefit them or their employers.

Finance ministry officials say the MSP program has about one million individual and family accounts where people pay directly, and another one million where employers submit the payment. Some employers pay MSP on their employees香蕉视频直播� behalf and others deduct MSP charges from employees香蕉视频直播� pay.