Page 10 - Plan Administrators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BERRYVILLE — Clarke County and its school division will self-fund health insurance for their employees at the start of the new year. Employees will see no changes in coverage or rates, said County Administrator Chris Boies. Their insurance just won't be with Anthem anymore. A recent months-long dispute between Valley Health System and Anthem prompted the switch. Self-funded insurance means the county will be its own insurer, using its own funds. Benefit Plan Administrators Inc. (BPA) of Roanoke, a third-party administrator, will process claims on the county's behalf. Employees will ac...

Got paid a lot of money and no one did the proper work. no one asked any questions of madoff. no one did any due diligence questions on a normal checklist. i don't know how he got away with it. it wasn't only the accounting firms. it was big banks, custodian banks, it was third-party plan administrators clearing the trades and saying madoff, sure, these trades are legit. this is how we keep his performance. there were no trades, though. what were the plan administrators doing? i still don't know. >> as you document they were getting paid giant fees -- they were getting giant fees from bernie m...

>> it seems like a lot of people got paid a lot of money and no one did the proper work. no one asked any questions of madoff. no one did any due diligence questions on a normal checklist. i don't know how he got away with it. it wasn't only the accounting firms. it was big banks, custodian banks, third party plan administrators clearing the trades and saying madoff, sure, these trades are legit. this is how we keep his performance. there were no trades. what were the plan administrators doing? >> as you document they were getting paid giant fees. they were getting giant fees from bernie madof...