Medicare-Eligible Retiree Health Care Fund Audited Financial Statements. Fiscal Year 2011

The reporting entity is the Department of Defense DoD Uniformed Services Medicare-Eligible Retiree Health Care Fund the Fund or MERHCF. The Fiscal Year FY 2001 National Defense Authorization Act NDAA directed the establishment of the Medicare-Eligible Retiree Health Care Fund to pay for Medicare-eligible retiree health care beginning on October 1, 2002. Prior to this date, care for Medicare-eligible beneficiaries was financed through annual Congressional appropriations for space available care in Military Treatment Facilities MTFs. The Fund covers Medicare-eligible beneficiaries, regardless of age. In the context of the Fund, hereafter the term Medicare-eligible beneficiaries is used to refer to Medicare-eligible beneficiaries who are related to retirees i.e., retirees themselves, dependents of retirees, and survivors.