News

News

NIB Pays First Tranche of Government UEA Payments

NIB Pays First Tranche of Government UEA Payments

4/5/2020 5:08:42 PM
April 6, 2020

The National Insurance Board (NIB) is pleased to advise that it has made the first tranche of payments on Friday, 3rd April, 2020 to recipients of the Government Unemployment Assistance Programme for self-employed persons in the tourism sector impacted by the COVID-19 shutdown in the amount of $555,893.66.

Payments in the amount of $440,006.20 were made to 1,192 people via Direct Deposit. Additionally, cheques were being run for 302 people totally $115,887.46. NIB advised that where the recipient is in receipt of a pension, the weekly amount is deducted so that no more than $200 per week is paid to the individual for income support.

As at Thursday, 2nd April, 2020 NIB had received some 2,666 applications for the programme, 1,494 were approved and 943 were denied due to insufficient documentation. The remainder is still being processed. The majority of applicants supplied banking details to facilitate direct deposit payments. Persons who have had their applications denied, can reapply by attaching the necessary documents to the email notification received and their applications can be reconsidered.

On Tuesday, 7th April, 2020 NIB will open its application process to other self-employed persons outside of the tourism sector who were impacted by the mandated shut down. These persons will need to be registered with NIB and have a valid Business Licence.

NIB’s Director, Dr. Nicola Virgill-Rolle, and the Acting Financial Secretary, Mr. Marlon Johnson, thanked NIB’s staff for developing the new system in such a short time and for working to quickly adjudicate claims for this new special assistance programme.

_________________________________

To apply for the Government Unemployment Assistance Programme for Self-Employed Persons impacted by COVID-19 in the tourism sector and by the Emergency Orders, visit https://uebrelief.nib-bahamas.com /selfemployed-form to apply online.

For more information regarding NIB benefits and the Special Government Assistance Programme, visit the NIB website under COVID-19 Updates link: www.nib-bahamas.com/NIB-BAHAMAS-COVID-19-Alerts.

Media Contact| Tonique Williams, Manager, Public Relations | tonique.williams@nib-bahamas.com


Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
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.