Audit of the Post Retirement Benefits Costs Claimed by Blue Cross Blue Shield of North Carolina For Fiscal Year's 1993 Through 2002

EXECUTIVE SUMMARY:

The audit objective was to determine the allowability of PRB costs claimed for Medicare reimbursement by North Carolina for FY's 1993 through 2002.  For FY's 1993 through 2002, North Carolina did not claim $616,846 of PRB costs that were allowable for Medicare reimbursement.  North Carolina should revise its FACPs for FY's 1993 through 2002 to claim additional allowable PRB costs.