Adult Financial Literacy Guide | Page 9

Medical Benefits Medical Services Plan-Premium Assistance The Regular Premium Assistance Program helps B.C. residents with the cost of premiums based on their income level. To apply for Regular Premium Assistance, you need to complete and return a one-time application. Regular Premium Assistance offers five levels of subsidies. This is based on an individual's net income. Photo via VisualHunt.com The following link provides more information on the Medical Services Plan-premium assistance. http://www2.gov.bc.ca/gov/ content/health/health-drug-coverage/msp/bc-residents/premiums/regular-premium -assistance Note: An income tax return must be filed to receive medical assistance. PharmaCare for B.C. Residents B.C. PharmaCare helps B.C. residents with the cost of eligible prescription drugs, and certain medical supplies and pharmacy services. The largest drug plan is Fair PharmaCare plan. Fair Pharmacare is a provincial income-based program, designed to provide fair access to coverage for prescription drugs - the lower your income, the more assistance the government will provide toward your eligible drug costs. To be eligible for Fair PharmaCare, you must have:   Valid B.C. Medical Services Plan (MSP) coverage. Filed an income tax return for the relevant taxation year (that is, two years ago). Go to the following link for information on Pharmacare/Fair Pharmacare: http://www2.gov.bc.ca/gov/content/health/health-drug-coverage/ pharmacare-for-bc-residents/who-we-cover/fair-pharmacare-plan For more information on Premium Assistance Program, Pharmacare, and the Fair Pharmacare plan call Health Insurance B.C. at: 1-800-663-7100 9