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Review of Medicare Contractor's Pension Segmentation Requirements at Noridian Mutual Insurance Company for the Period January 1, 1998, to January 1, 2006

11-04-2008 | Audit (A-07-08-00258) | Complete Report

Filed under: Center for Medicare and Medicaid Services

Noridian Mutual Insurance Company (Noridian), a Centers for Medicare & Medicaid Services (CMS) contractor, understated the Medicare segment assets by $158,000. During our audit period, Noridian administered Medicare Part A and Part B operations under a cost reimbursement contract with CMS. We recommended that Noridian (1) increase Medicare segment assets by $158,000 as of January 1, 2006, and (2) implement controls to ensure that the Medicare segment's assets are updated in accordance with the Medicare contracts. Noridian concurred with our recommendations.

Filed under: Center for Medicare and Medicaid Services