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Audit (A-07-10-00335)

10-29-2010
Review of the Pension Segmentation Requirements for the Employees' Pension Plan at Wisconsin Physicians Service Insurance Corporation for the Period of January 1, 1989, to January 1, 2008

Executive Summary

Wisconsin Physicians Service Insurance Corporation (WPS), a Centers for Medicare & Medicaid Services (CMS) contractor, overstated the Medicare segment pension assets by $65,000 for the period of January 1, 1989, to January 1, 2008. WPS administered Medicare Part A and Part B operations under cost reimbursement contracts with CMS.

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