Review of the Qualified Pension Plan at Blue Cross Blue Shield of Nebraska, a Terminated Medicare Contractor, for the Period January 1, 1994 to November 30, 2007

摘要

We performed a prior pension segmentation audit at BCBS Nebraska (A-07-95-01159, issued January 29, 1996), which brought the Medicare segment pension assets to January 1, 1994. We recommended that BCBS Nebraska increase its Medicare segment pension assets by $37,549 and, as a result, recognize $509,926 as the Medicare segment pension assets as of January 1, 1994. Our objective was to determine whether BCBS Nebraska complied with Federal requirements and the Medicare contracts pension segmentation requirements when: implementing the prior audit recommendation, updating the Medicare segments pension assets from January 1, 1994, to November 30, 2007, and determining Medicares share of the Medicare segment excess pension liabilities as a result of the termination of the Medicare contracts.