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Department of Health and Human Services

Office of Inspector General -- AUDIT

"Audit of Termination and Severance Costs - Medicare Part A and Part B - Aetna Life Insurance Company," (A-01-98-00509)

December 7, 1998

Complete Text of Report is available in PDF format (1.33 MB). Copies can also be obtained by contacting the Office of Public Affairs at 202-619-1343.


The Aetna Life Insurance Company terminated its Medicare Parts A and B contracts as of September 30, 1997. This final audit report points out that Aetna claimed unallowable costs per Medicare program regulations totaling approximately $1 million in association with the closing of these contracts. We recommended financial adjustments which the Health Care Financing Administration used in negotiating a final settlement with Aetna.