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Pension Payment Update: Resolving System Issue for Affected Customers
11/21/2024 1:58:33 PM
The National Insurance Board (NIB) wishes to inform the public, particularly our valued pensioners, ...
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NIB hosts the 32nd Meeting of the Heads of CARICOM Social Security Organization
10/28/2024 3:39:27 PM
The National Insurance Board is the proud host of the 32nd Meeting Of The Heads Of CARICOM Social Se...
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NIB Provisions and Procedures for Pension Beneficiaries Care Facility Transition
10/28/2024 3:34:37 PM
The National Insurance Board (NIB) is issuing this statement to clarify the provisions and procedure...
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NIB Hosts 32nd Annual Heads of CARICOM Meeting
10/23/2024 5:43:24 PM
The National Insurance Board (NIB) is set to host the 32nd Heads of CARICOM Social Security Organiza...
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Temporary Office Closures New Providence Local Offices
10/23/2024 4:48:00 PM
The National insurance Board wishes to advise the public that the New Providence Local Offices will ...
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NIB STAFF BRIEFED ON NATIONAL PRESCRIPTION DRUG PLAN
2/4/2010 11:06:15 AM
Top Managers and Customer Service staff of the National Insurance Board received a detailed briefing Tuesday on the National Prescription Drug Plan (NPDP) which is expected to be launched by April 2010.
Dr. Stanley Lalta, Project Manager for the National Prescription Drug Plan (NPDP), told NIB staff that one in three Bahamians or one person in every household is affected by chronic diseases which adversely impact quality of life, productivity and personal finances.
He added that one of the major constraints people with chronic diseases encounter is inadequate access to their prescription drugs either because of long waiting lines and unavailability in the public sector or the cost of drugs in the private sector.
According to Dr. Lalta the National Prescription Drug Plan is focused on both treatment and prevention. In the treatment component it seeks to enhance access to drugs in the public and private pharmacies while reducing the financial burden of prescription costs for persons with chronic diseases.
“Better access means that you can get the drugs on time when you need them in the right quantity at a limited cost to you which means that you can be more compliant in seeking and using medication and that hopefully should have the beneficial impact we’re looking for,” Dr. Lalta said.
The first phase of the plan will provide prescription drugs from an approved list free of charge to members. This will cover approximately 30,000 to 35,000 persons including NIB pensioners, NIB invalids and children under 18 years of age or under 25 years if in full time education.
In order to be eligible for membership in the plan these persons must be diagnosed by a licensed physician with one or more chronic diseases including arthritis, asthma, breast cancer, diabetes, glaucoma, high cholesterol, hypertension, ischaemic heart disease, major depression, prostate cancer and psychosis.
Tami Francis, Manager, NPDP, said both public and private pharmacies will be contracted to provide drugs approved by the NPDP. Registered members of the plan will receive a swipe card from the NPDP which they must present to any participating pharmacy at the time of filling/claiming their prescription.
According to Mrs. Francis all NIB departments will be needed to successfully implement the plan.
“The next steps for implementation of the plan are completing our regulations, implementing an IT system that is currently underway, recruitment and training staff that is now in progress, contracting pharmacies and conducting public outreach,” Mrs. Francis said.
Pictured in the Photo Above
: Dr. Stanley Lalta, Project Manager, National Prescription Drug Plan and Tami Francis, Manager for the Drug Plan brief NIB staff.
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Grant Thornton Forensic Report into allegations against Mr. Algernon Cargill
5/27/2013 2:42:24 PM
Talent Management Closing the Feedback Loop
1/25/2012 11:53:00 AM
Feedback metrics and more traditional deata helped the National Insurance board of The Bahamas commit to customer service.
NIB Computer World Honors
6/16/2011 6:13:00 AM
In connection with its National Prescription Drug Programme (NPDP), the National Insurance Board has had another star added to its crown in a year that has already recorded a number of outstanding successes for the Board. NIB has been named a Laureate in the 2011 Computerworld Honors Programme and is being considered for a second even more celebrated honour. The achievements of NIB and other 2011 Laureates will be recognized publicly on Monday, June 20 at a black tie awards ceremony and gala celebration at the Andrew W. Mellon Auditorium in Washington, DC. Raymond Wells, Deputy Director, Information Technology will represent NIB at the 2011 event.
NIB Contributions Regulations Relative to Hospitality Workers & Pensionable Civil Servants
6/9/2011 6:08:00 AM
For the information of affected persons and the general public, the National Insurance Board wishes to advise that implementation of the July 2010 amendments to the National Insurance Contributions Regulations relative to hotel/hospitality workers, and Pensionable Civil Servants will no longer happen on July 1, 2011, as previously announced; the amendments are now scheduled to take effect on July 1, 2013. These two amendments will be the last of a package of changes, approved by Parliament last year, to take effect. They are aimed at providing better coverage to more workers of the country.
Changes to NIB Contributions and Regulations
12/30/2010 4:39:00 AM
Higher Insurable Wage Ceiling Contributions (for both the employer and the employee) in respect of the employee who makes more than $400 per week has increased. While the rate of contributions remains the same, the new wage ceiling is $500 per week/$2,167 per month. For weekly paid persons, the first salary deduction at the higher rate will be for the pay period in which January 3 falls.
Explanation-of-the-Key-Features-of-the-Amendments-to-the-National-Insurance-Benefits-Contributions-Regulation
11/24/2010 5:20:00 AM
The National Insurance Board (NIB)began operations in October 1974, to ad-minister a social security system that wouldprovide workers and their families withbasic financial protection against the lossof employment earnings in the event ofsickness, childbirth, retirement, invalidity,death, workplace injury (1980), and un-employment (2009). Under NationalInsurance, insured contributors are coveredfor three main types of contingencies –
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