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Review of the Qualified Pension Plan at Cooperativa de Seguros de Vida de Puerto Rico, A Terminated Medicare Contractor, for the Period January 1, 2007, to December 31, 2008

Cooperativa de Seguros de Vida de Puerto Rico (COSVI) understated the Medicare segment pension assets by $208,000 for the period January 1, 2007, through December 31, 2008. COSVI also overstated Medicare's share of the Medicare segment's excess pension liabilities by $208,000. COSVI administered Medicare Part A operations under cost reimbursement contracts with the Centers for Medicare & Medicaid Services until the contractual relationship was terminated February 28, 2009.

Filed under: Center for Medicare and Medicaid Services