Report on the Independent Audit of Administrative Costs Incurred Under Parts A and B of the Health Insurance for the Aged and Disabled Program: Associated Insurance Companies, Inc.

This report on Medicare (Parts A and B) administrative costs incurred by Associated Insurance Companies, Inc. (Associated) for the period October 1, 1984 through September 30, 1986 was prepared under an audit contract with the certified public accounting firm, Cotton and Company. This report discloses unallowable costs of and recommends financial adjustments totaling approximately $2.5 million.