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Wisconsin Physicians Service Insurance Corporation Understated Its Medicare Segment Pension Assets for Its Managerial Retirement Program for Selected Locations

Issued on  | Posted on  | Report number: A-07-17-00517

Wisconsin Physicians Service Insurance Corporation understated its Medicare segment pension assets as of December 31, 2009, by $33,000.

18-A-07-047.01 to CMS - Closed Implemented
Closed on 01/18/2018
We recommend that WPS increase the Medicare segment pension assets by $33,463 and recognize $24,857,342 as the Medicare segment pension assets as of December 31, 2009.

18-A-07-047.02 to CMS - Closed Implemented
Closed on 01/18/2018
We recommend that WPS implement controls, including policies and procedures, to ensure compliance with Federal regulations and the pension segmentation language of the Medicare contracts.

View in Recommendation Tracker