The Province of British Columbia has recently released new regulations regarding changes to auto insurance coverage and compensation provided by ICBC.
These changes, which will take effect on April 1st, 2019, are an attempt to reduce legal costs while improving access to healthcare treatments and saving customers out of pocket expenses on their road to recovery.
As of January 1st, 2017, the British Columbia Medical Services Plan (MSP) has undergone changes to the fee structure of premium payments.
For those lower income households who are under MSP Premium Assistance, MSP may cover $23 per acupuncture treatment, up to a limit of 10 visits per year (with the 10 visit limit being shared by acupuncture, massage therapy, naturopathy, chiropractic, physical therapy, and non-surgical podiatry).
The following is a guest blog article by Ferdinand Milan CFP, CGA, FMA, FCSI, Certified Financial Planner
In British Columbia, our BC provincial Medical Service Plan (MSP) provides a great foundation for healthcare coverage, but we generally underestimate the high cost of health and dental expenses.
