Carnival time, even as a child, the mas Play the devil
was more of an enigma to me than it was scary. The concept of pretty
mas, face to face with the masquerade of Lucifer was an edict
on the truth of human choice: we can be anything we want, so why
would some choose the devil?
can have all the things we want, but not if we play the devil with
our investments and our financial plans, or even our health. Lack
of planning shows up pretty soon as living hand-to-mouth,
as my mother would say.
now we would have seen the larger NIS deductions from our pay slips.
What does this buy for us?
buys a doubling of the pension we are now entitled to from $1,000
to $2,000, and it buys an approximate increase of 25 per cent coverage
on the medical benefits under the NIS scheme.
the new benefit structure, NIS will now reimburse up to $22,500
of medical bills incurred as a result of a work-related injury.
medical expenses will include hospitalisation, surgery, pharmaceuticals,
dressings, devices such as a wheelchair, prosthesis, etc, as well
as visits to the doctor and nursing care at home.
diagnostic investigation, viz MRIsmagnetic resonance imagingnow
carry a separate coverage of $2,000 per area of the anatomy.
if you know anything about medical bills, you can eat up the full
claim benefit in a few days. Since bills, as a result of serious
injury, can exceed $100,000 quickly, it is better to have a plan.
The best plan is one where you will not have to use up savings earmarked
for another purpose.
major medical or critical illness insurance is an inexpensive buffer.
For about $300 per month, the average individual can get at least
$100,000 of benefits.
will also pay a sickness benefit, for illness that is unrelated
to work injuryif such illness results in loss of pay. The
amount of the benefit is equivalent to a benefit rate according
to your class of contribution. The entitlement can last for a maximum
of 52 weeks without pay.
maternity grant is now $2,500, per child, and is payable per child
even in the event of multiple births. If the mother has not paid
contributions to NIS, the benefit can be calculated based on the
contributions of the father.
a worker becomes an invalid for a period exceeding 12 months, an
invalidity benefit is payable. This is calculated on the class of
contributions and the number of contributions made by the worker.
groups of workers, such as the self-employed and domestic workers
are also entitled to NIS benefits provided they register themselves,
and make the necessary contributions.
whether you choose to dust yourself in blue powder, with horns,
while you jump to the chant of jambalasee, play the devil,
or play pretty mas this season, for Gods sake, dont
play the devil with your future!