Federal Reports

Medicare contractors are required to separately account for Medicare segment pension plan assets based on the requirements of Cost Accounting Standards (CAS) 412 and 413.The HHS, OIG, Office of Audit Services, Region VII pension audit team reviews Medicare segment pension assets to ensure compliance with Federal regulations. Previous OIG audits found that Medicare contractors did not always correctly identify and update the segmented pension assets.Our objective was to determine whether Blue Cross Blue Shield of South Carolina (BCBS South Carolina) complied with Federal requirements and its established cost accounting practice when updating its Excess Plan Partial Medicare segment pension assets from January 1, 2015, to January 1, 2017.

Semiannual Report summarizing the activities of the Office of Inspector General

To see our report, click on the link below

Our Semiannual Report to Congress presents a snapshot of the work we did to fulfill our mission for the six-month period ending March 31, 2021. Our dynamic report format provides readers with easy access to facts and information, as well as succinct summaries of the work by area. Links are provided to the full reports featured in this report, as well as to the appendices.

Summary of accomplishments and activities the U.S. Department of Education OIG completed from October 1, 2020, through March 31, 2021

In this semiannual period, our audit, evaluation, and investigative activities identified more than $7.1 million in questioned costs, funds put to better use, and recoveries and opportunities for TVA to improve its programs and operations.