As Business Cost Premium (BCP) expenditures for the 2021/22 fiscal year were less than the budgeted amount, physicians who received the BCP on services provided between April 1, 2021 and March 31, 2022 are eligible for a retroactive payment.
This retroactive payment was disbursed to physicians on the March 15, 2023 MSP remittance under adjustment code BQ. The payment will be a proportional amount based on the practitioner/payee combination of the 2021/22 BCP payments.
Retroactive payments will be made to the payee number associated with the paid claims that received BCP. Physicians should ensure that their Health Insurance BC (HIBC) banking information is up-to-date for all their payment numbers.
Banking and payment inquiries can be directed to HIBC at 1-866-456-6950.