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The National Health Insurance Authority is an agency of the government of the Bahamas, established under the National Health Insurance Act 2003.. It is intended to secure the implementation of a national health insurance policy that ensures access to basic healthcare services to all residents.
A national identification number, national identity number, or national insurance number or JMBG/EMBG is used by the governments of many countries as a means of tracking their citizens, permanent residents, and temporary residents for the purposes of work, taxation, government benefits, health care, and other governmentally-related functions.
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On May 2, 2002, D. Shane Gibson was elected to the Parliament of The Bahamas in the Golden Gates constituency in New Providence, as a member of the then ruling Progressive Liberal Party. On May 10, 2002, he was appointed by the then Prime Minister Perry Christie to the Cabinet as the Minister of Housing and National Insurance. [3]
nib Group (nib, formerly Newcastle Industrial Benefits) is an Australian health care fund. It was established in 1952 to provide health insurance for workers at the BHP Newcastle Steelworks, and has since grown into a national and international operation. [1] As of 2017, nib held an 8.3% share of the Australian private health cover market. [2]
The Bahamas does not impose income tax, inheritance tax or wealth tax. Social security tax is payable to the National Insurance Board at 3.9% by employees and 5.9% by employers, or 9.8% for self-employed individuals, up to maximum amounts. [8]
Typically this requires payments throughout the citizen's working life in order to qualify for benefits later on. A basic state pension is a "contribution based" benefit, and depends on an individual's contribution history. For examples, see National Insurance in the UK, or Social Security in the United States of America.
A British 1948 National Insurance stamp, once used to collect contributions to the scheme. National insurance contributions (NICs) fall into a number of classes. Class 1, 2 and 3 NICs paid are credited to an individual's NI account, which determines eligibility for certain benefits - including the state pension.