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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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Customer Service Day - October 7, 2024
10/11/2024 11:01:53 AM
On October 7th, the National Insurance Board marked its 50th Anniversary. This Golden Jubilee coinci...
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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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Response to Tribune article
4/9/2009 12:00:00 AM
Derek Osborne, Consultant Actuary at the National Insurance Board is advising the public that though the 8th Actuarial Review of the National Insurance Fund, which includes long-term projections of the Fund and recommendations aimed at enhancing the Fund’s long-term sustainability as well as its ongoing relevance, has been completed, it has not yet been tabled in Parliament as is required by law.
NIB Can’t “Write Off” Employees’ Contributions
3/13/2009 12:00:00 AM
Algernon Cargill, Director of the National Insurance Board (NIB) is responding to a Tribune article (March 12, 2009) that suggested that members of the business community are in a state of “enormous consternation” over the Board’s current and ongoing process of updating its contribution records. Though NIB has addressed this issue in the recent past, the NIB Director wishes to say once again that the Board is obligated by the National Insurance Act to ensure that all employers have paid the amount of contributions due for each employee for each month, and that contributions submitted are accurately posted or deposited to the accounts of the appropriate employees.
NIB Compliance Press Release
3/11/2009 12:00:00 AM
As was reported in the local media recently, the National Insurance Board (NIB) is increasing its review of the contribution accounts of delinquent employers and self-employed persons in order to ensure compliance with the National Insurance Act (the Act).
The National Insurance Board
3/2/2009 12:00:00 AM
As of March 2, 2009, all claims submitted for short-term benefits by employed persons (i.e., persons who have bosses) must be accompanied by an Employers Certification form (Med 4). The new Med 4 form is a single- sheet addition to the Med 1, Med 1A and Med 2 forms. It requires the employer to certify that an employee is/was/will be off from work for the period stated.
Press Response on clear policy
2/2/2009 12:00:00 AM
The National Insurance Board’s (NIB) primary objective, as mandated in the National Insurance Act, continues to be providing income-replacement for workers when they are unable to work. To deliver on this income-replacement promise to workers of The Bahamas, NIB collects contributions from self-employed persons and from employers on behalf of employees.
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