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Cost Accounting Standard (CAS) 416 - Accounting for Insurance Costs

Redstone Government Consulting

CAS 416 provides criteria for the measurement of insurance costs, the assignment of such costs to cost accounting periods, and the allocation to final cost.

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Flexible Spending Accounts are a Good Deal

GovLoop

The Federal Flexible Spending Account Program (FSAFEDS), administered by HealthEquity, Inc., FSAFEDS provides three account options to support the needs of employees and their families. All three work by automatically deducting money from each paycheck — before payroll taxes —and putting it into an account.

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False Claims Act Whistleblower Awarded $9.9 Million for Alleging Medicare Part C Kickback Scheme

Whistleblower Network News

Department of Justice announced that Oak Street Health agreed to pay $60 million to settle allegations that it violated the Anti-Kickback Statute and False Claims Act by paying kickbacks to third-party insurance agents in exchange for referring seniors to Oak Street Health’s primary care clinics.

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Global Telehealth Services Platform Attains FedRAMP Authorization

ExecutiveBiz

The customizable GTS VirtualHealth Platform allows healthcare providers to monitor vital patient data in remote locations and conduct video conferences using Health Insurance Portability and Accountability Act-compliant video, Carahsoft Technology, the platform’s distributor, said […]

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Acentra Health’s Verlon Johnson to Chair Medicaid and CHIP Payment Access Commission

WashngtonExec

Acentra Health’s Health Executive Vice President and Chief Strategy Officer Verlon Johnson has been appointed chair of the Medicaid and Children’s Health Insurance Program Payment and Access Commission by the Government Accountability Office. I am deeply humbled and profoundly [.]

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It’s Open Season! How to Stay Calm and Make Choices

GovLoop

One of those is establishing or renewing our health insurance plan. Maggie Martel, Enrollment and Member Support, Healthcare and Insurance in the Office of Personnel Management offered some guidance for navigating open season. What you pay each month for your health insurance, automatically deducted from your paycheck.

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Whistleblower Suits Lead to Massive Rite Aid Settlements Relating to Opioid Dispensing and Reporting Rebates

Whistleblower Network News

101 Million Settlement over Allegations of Falsely Reporting Rebates Rite Aid and Rite Aid subsidiaries, Elixir Insurance Company, RX Options LLC and RX Solutions LLC agreed to pay the government $101 million to settle the allegations of falsely reporting rebates. Lutzko for the Northern District of Ohio.