BARP in bind over insurance

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MEMBERS OF THE Barbados Association of Retired Persons (BARP) enrolled in the health insurance plan are wondering whether they may have to dig deeper in their retirement pockets to pay increased rates from May, the start of Year 2 of the contract.

The concerns are being raised as some people reported that attempts to pre-pay premiums for periods beyond April 2019 have been rejected, while BARP adopts a wait-and-see stance in anticipation of new rates.
Sagicor Life Inc., Beacon Insurance Co. Ltd and Brydens Insurance Inc., providers of the one-year-old health plan, could be asking for more in the second year of the scheme.

Thousands of BARP members lost their coverage two years ago when the Insurance Corporation of Barbados Ltd cancelled the association’s Golden Health Insurance Plan, which eventually led to the current providers taking on the task of coming up with a new plan last May.

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