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Taxation & Estate Planning
: Rubin on TaxFDIC BANK INSURANCE ENHANCED COVERAGE EXTENDED THROUGH 2013
By Charles Rubin
In October 2008, presumably to avoid a run on the banks as the credit crisis threatened a financial panic, the FDIC expanded its $100,000 insurance coverage on FDIC-insured institutions to $250,000. This enhanced coverage was set to expire on December 31, 2009. However, the FDIC has now extended the enhanced coverage to December 31, 2013.
The following summary table of coverages is taken from the FDIC?s website fact sheet:
Full post as published by Rubin on Tax on June 10, 2009 (boomark / email).
Medicare
Guide to government health insurance for the elderly
National Practitioner Data Bank Fact
NPDB identifies unprofessional healthcare practitioners
Wind and Hail Coverage
Allstate Corp. agrees to restore insurance coverage and pay $250,000 settlement.
Health Coverage Canceled
Kaiser Permanente to pay $300,000 settlement in insurance lawsuit.
Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act
Bank Transaction
City Bank president Mike Liner agrees to pay $25,000 fine for assisting in a cash deposit.
Bank Scandal
Swiss bank pays Parmalat $30 million bankruptcy settlement.
Florida Medicaid
Limiting Coverage of Drugs for Kids

Enhanced FDIC insurance extended to January 1, 2014
FDIC Problem Bank List Jumps to 305
FDIC Bank Account Insurance Coverage Calculator
FDIC Deposit Insurance extended to December 31, 2013
FDIC Insurance Coverage for Trusts
Temporary Deposit Insurance Will Be Extended to 2013








