TN 1 (07-97)
All SMI premiums, whether deducted from monthly benefit payments or remitted by or
on behalf of the beneficiary, are deposited to the FSMI Trust Fund for use in the
payment of SMI benefits. A matching amount is also deposited in the FSMI Trust Fund
from Federal general revenue funds. Therefore, one of our major responsibilities is
to ensure that a proper accounting is made of all sums that should be deposited or
withdrawn from the trust fund as a result of actions processed by Benefit Authorizers
and Health Insurance and Inquiries Examiners.
Normally, trust fund accounting is accomplished automatically by the various processing
programs such as Manual Adjustments, Credits and Awards Processes (MADCAP), Maturing
Action Program (MAP), Post-Entitlement Premium Payment and Enrollment (PEPPER), Automatic
Earnings Reappraisal Operation (AERO), etc. However, there will be instances when
trust fund adjustments must be made manually. This subchapter is addressed to those
situations and, in addition, provides a complete description of all trust funds and
accounts from and to which funds may be transferred.