Most of Mutual of Omaha's Medicare Administrative Costs Reported for Fiscal Years 2007 and 2008 Were Allowable
Mutual of Omaha Insurance Company (Mutual) reported Medicare administrative costs that substantially complied with Federal regulations and the Medicare contract. However, Mutual reported, on the Final Administrative Cost Proposals, $67,000 that was not allowable. In addition, the Federal Government did not receive a refund or credit for its equitable share of gains from Mutual's 401(k) pension plan, due to unvested forfeitures, for fiscal years 1989 through the termination of the contract on November 5, 2007. Mutual did not have a process to identify which employees were unvested in order to calculate and refund or credit the Federal Government. As a result, Mutual did not refund, or credit to the Federal Government, 401(k) pension plan gains, due to unvested forfeitures, totaling $556,000.
Download the complete report
Adobe® Acrobat® is required to read PDF files.
Copies can also be obtained by contacting the Office of Public Affairs at 202-619-1343.
Let's start by choosing a topic
Priority recommendations summarized.
FY 2014 Work Plan
OIG projects planned for 2014.
Significant OIG activities in 6-month increments.