News

News

The National Insurance Board

3/2/2009 12:00:00 AM

The National Insurance Board
Press Release



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.

In the past, only attending physicians and claimants were required to provide information on claims for Sickness, Maternity and Injury Benefits. Unfortunately, this permitted persons to receive income-replacement when they were, in fact, not off from work and were not losing any income.

To address this and to improve the claims management process, employers are now required to confirm the period that an employee is off from work by means of the new Med 4 form. Claims for Sickness, Maternity and Injury Benefits will not be processed without it.

The processing time for short-term benefits is currently pegged at three working days; the added requirement of the Med 4 is not intended to slow the process and is intended to ensure that claims are only approved for persons that qualify.

The new fom will be among those that each employer will be required to have in his workplace. Currently, all places of business are required to keep on-hand C10 (monthly contribution statement) forms; B60 (Interim Report of Accident) forms; and B44 (Employer’s Report on Accident at Work) forms.
The new Med 4 form will be placed on the Board’s website for easy access.
Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
Bimini Complex Contract Signing
Bimini Complex Contract Signing
7/16/2019 11:15:24 AM
The National Insurance Board is pleased to advise that the project to construct a new government office complex in Alice Town, Bimini, is being restarted with the signing of the final contract on June 11, 2019 with Pyramid Construction.
Pension Payment Schedule 2019
Pension Payment Schedule 2019
1/2/2019 11:40:10 AM
All persons who receive monthly benefit or assistance payments are required to be verified - i.e., produce notarized documentation in evidence of their continuing eligibility for the payments.
NIB Telephone System Tender
NIB Telephone System Tender
11/8/2018 4:16:14 PM
The National Insurance Board invites proposals from suitably qualified firms for the procurement, installation and deployment....
NIB Officials Conduct Site Visit
8/27/2018 2:35:35 PM
Officials from the National Insurance Board recently conducted a site inspection of the proposed Ministry of National Security Building on John F. Kennedy Drive
NIB Welcomes New Chairman
NIB Welcomes New Chairman
8/23/2018 9:30:33 AM
Mr. Troy Smith, FLMI, HIA, has been appointed as Chairman of The National Insurance Board with effect from July 1, 2018. Mr. Smith has 29 years experience in the Life, Health, Disability and Annuity Insurance Industry, having served
Biennial Adjustments 2018
Biennial Adjustments 2018
7/11/2018 3:44:26 PM
The National Insurance Board advises recipients of Long-Term Benefits and Assistances that the 2018 increases to pensions will be paid in October. The increases (of up to 1.2%) will be paid retroactive to July of this year.