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NIB Participates in Central Bank Literacy Fair and Digital Expo

NIB Participates in Central Bank Literacy Fair and Digital Expo

5/9/2023 11:05:59 PM
The Central Bank of the Bahamas relaunches its Financial Literacy Fair with an expanded platform to include a Digital Expo format. The event, which took place at the Fusion Superplex Theatre on Gladstone Road, welcomed some 3,000 students and industry professionals.

Over the two-day event, NIB was invited to host an educational session on the importance of NIB to ones financial wellness providing information on available Benefits and Assistance to insured citizens when needed. In keeping with the digital format, NIB also displayed its innovative Employer Self Service portal, which has simplified employers ability to make monthly contribution payments and upload contribution statements. The NIB booth served as a full service resource for attendees needing information or assistance with Registration, Contributions, Claims and Compliance services.
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Direct Deposit
5/19/2010 7:30:11 AM
In February 2006, the National Insurance Board (NIB) began the initiative to have all long-term benefit and assistance payments deposited directly into pensioners’ bank accounts. Apart from the efficiency gained as a result of the direct deposit, NIB considered the initiative to be a significant step forward in ensuring that the actual process of paying pensions and assistance payments was more humane and individualized, as well as confidential.
The National Insurance Board and The Bahamas Pharmaceutical Association announced on Thursday that they are working together to successfully launch the National Prescription Drug Plan (NPDP) in August of this year.
The National Insurance Board and The Bahamas Pharmaceutical Association announced on Thursday that they are working together to successfully launch the National Prescription Drug Plan (NPDP) in August of this year.
The National Insurance Board Press Release on Unemployment Benefit
Prime Minister the Right Honourable Hubert Ingraham this week approved the request from the National Insurance Board (NIB), to close out the interim phase and begin the next, permanent phase of the Unemployment Benefit with effect from June 1, 2010. His authorization is in accordance with the Unemployment Benefit Regulations which allow for the Minister with responsibility for National Insurance to advise on the effective date of the permanent phase of the approved program. This new phase will afford unemployed workers the same level of coverage and benefit provisions as the interim phase, but with different qualifying conditions, and a modest increase in contributions.
By Jimenita Swain ~ Guardian Senior Reporter ~ jimenita@nasguard.com: Early registration for the National Prescription Drug Plan is expected to begin next week Monday, said Minister of Health Dr. Hubert Minnis yesterday.
Who is Eligible? In the first phase of the National Prescription Drug Plan coverage has been extended to three specific groups. These groups include NIB pensioners, NIB invalids and children under 18 (or under 25 if in full- time education). For persons of these groups to be eligible for membership in the Plan, they should have been diagnosed with one or more of the 11 chronic diseases covered by the Plan.