The British Columbia Medical Association (BCMA) administers five major benefit programs that are available to practicing BC physicians and surgeons. This post is the third in a series of five describing the various benefit programs. In previous posts I have discussed the Continuing Medical Education (CME) benefit and the Contributory Professional Retirement Savings Plan (CPRSP).
Most Canadian physicians are members of the Canadian Medical Protective Association (CMPA), the non-profit organization that provides assistance with malpractice issues. Membership dues are based on the physician’s type of practice. BC doctors are eligible to receive a partial rebate of their CMPA dues.
The amount reimbursed is the difference between the CMPA dues in the base year of 1985 and the current year’s dues, and is paid only for the months a physician was practicing in BC.
Physician’s earning less than $30,000 of eligible income in the previous calendar year will receive a pro-rated reimbursement. Eligible income is fee-for-service income paid by the Medical Services Plan (MSP), sessional income and non-salaried earnings under a service contract with a government agency. It is my understanding that billings to ICBC and WorksafeBC are not eligible.
|Gross Income||Benefit %|
|$15,001 – $30,000||75%|
|$10,001 – $15,000||50%|
|$5,000 – $10,000||25%|
|Less than $5,000||Nil|
In the case of new physicians in their first year of practice, the reimbursement amount is based on eligible income earned in the current year.
If consent hasn’t been given to the CMPA to release relevant information with respect to the reimbursement program, an application form will be sent out each January. Applications must be received by the BCMA by the end of February or the benefit is lost for the year.
Payments of the CMPA reimbursement to a physician are considered personal taxable income and are reported on a T4A slip. Payments made to a physician’s professional corporation are income to the company and a T4A will not be issued.
Non-members of the BCMA are entitled to receive the benefit, but must pay an administration fee of the lesser of 50% of the benefit or the balance of the equivalent BCMA dues, plus HST.
Future posts will address the remaining benefit programs: