Review of the Qualified Pension Plan at Blue Cross Blue Shield of Mississippi, A Terminated Medicare Contractor, for the Period January 1, 1996, to September 30, 2009

Blue Cross Blue Shield of Mississippi (BCBS Mississippi), a Centers for Medicare & Medicaid Services (CMS) contractor, overstated the Medicare segment pension assets by $315,000 and overstated Medicare's share of excess pension liabilities, due to the termination of the Medicare contracts, by $869,000. BCBS Mississippi administered Medicare Part A operations, through its wholly owned subsidiary TriSpan Health Services, Inc., under cost reimbursement contracts with CMS.