… the most important consequences of the death of a filing spouse during bankruptcy is that the life insurance benefit payout cannot become part of the bankruptcy estate.  For example, if you and your spouse filed bankruptcy in January 15, 2010 and your spouse passed away on January 17, 2010, the life insurance benefit payout you receive will not become part of the bankruptcy under the Texas bankruptcy code.

Under Texas bankruptcy law insurance benefits cannot be seized to pay the debts of …

Comment author: My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me

Comment by My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me: … I Lose The Life Insurance … By admin | …

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Tags: Bankruptcy Insurance policy Life insurance Texas

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The cost of medical insurance has continued to rise, burdening both employers and workers. But as the economy worsens many experts are predicting that the cost of coverage could increase as much as 30 percent each year with many employers passing on the increased cost of health insurance to workers.  Many workers, especially those who are living on tight budgets, will choose to drop their coverage making them …

Tags: Health insurance Medicaid Medical Bills

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In an effort to replenish the Texas unemployment insurance fund, the Texas Workforce Commission has announced that next year two-thirds of Texas businesses will pay nearly three times the unemployment benefits tax they paid this year.

Businesses that pay the minimum state unemployment tax will owe nearly $65 per worker in 2010, up from about $23 this year. Under Texas’ unemployment insurance system, the minimum tax is paid by nearly …

Tags: Employment Insurance Recession Texas Trust Fund Unemployment

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A Texas judge ruled that State Farm Insurance must repay $310 million in premiums and back interest to Texas customers for overcharging them on homeowner policies. The ruling will affect State Farm Lloyds residential policies between September 2003 and July 2008.

The refund is far less than the $1 billion that consumer advocates wanted, prompting one, Texas Watch, to say Insurance Commissioner Mike Geeslin “is guilty of …

Tags: Bankruptcy Services State Farm Insurance

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… and homeowners in North Texas with poor credit ratings pay an average of 35 percent more for insurance coverage than those with good credit – even when driving records and recent damage claims on homes are identical.

The article said:

“Rates submitted by the 35 largest auto insurers show that all but two use credit history to help decide whom to sell insurance to and how much to charge. Some companies double the rates for those with poor credit scores. Among home insurers, 19 of …

Tags: Credit score Insurance North Texas

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… suing Turbine Airfoil Designs, Inc. a Texas company, for allegedly not paying employees’ health insurance premiums for five months despite the fact that the company was deducting a portion of the employees’ paychecks for health insurance.  Because of the company’s failure to pay the insurance, Capital BlueCross retroactively canceled coverage, leaving many employees with tens of thousands of dollars in unpaid medical debt.

The article said:

“The civil suit, which names the …

Tags: Blue Cross and Blue Shield Association Insurance Lawsuit Pennsylvania

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… it difficult to keep their heads above water financially.  But should seniors sell their life insurance policy to prevent foreclosure or pay off credit card debt.  An article in the Dallas Morning News, raises this interesting question as many insurance companies market this “solution” to seniors facing foreclosure, credit card debt or even medical debt.

The article said:

“A “life settlement,” as a sale is called, may be an attractive option for seniors who determine …

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… unemployed or self-employed, a cottage industry of “short-term” or “emergency” healthcare insurance has popped up to cash in on the medical insurance gap created by the rising unemployment rate and the increased cost of traditional healthcare insurance. Many Americans sign-up for these healthcare plans that don’t provide coverage for pregnant women, often don’t pay for basic check-ups and have huge deductibles that are as much as $5,000 a year and then when they need to use the …

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… bankruptcy. Just imagine what will happen when millions of low-income debtors with no health insurance and maybe no job get their hands on a “medical credit card” we could be looking at a medical debt disaster. We could also see an even larger number of Americans declaring bankruptcy because of medical debt. Already, 1.5 million Americans are expected to file bankruptcy this year and 60 percent of those bankruptcy filings are expected to be the result of medical debt.

If you’re …

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According to an article in the Star-Telegram, health insurance companies are offering to reduce rates for millions of women and accept close federal regulation of their industry in an effort to stop the move towards a universal healthcare plan.

The article said: The industry is trying to head off creation of a government health plan that would compete with them to enroll middle-class workers and their families… Instead of a government plan as …

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According to an article in the Star-Telegram, you may be eligible COBRA health insurance subsidies if you suffered a job loss, even if you worked for a small business.

The article said:

Traditionally, most people who leave their jobs can stay on their former employer’s health plan through COBRA, or the Consolidated Omnibus Budget Reconciliation Act of 1985. The idea is to give people access to health insurance while between jobs. The law applies only to people who …

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According to an article in the Star-Telegram, the health insurance industry is offering to make several concessions in exchange for the government requiring all Americans to signup for private health insurance

The article said:

For the first time, the health-insurance industry offered Tuesday to curb its controversial practice of charging higher premiums to people with a history of medical problems. The offer from America’s Health Insurance …

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