Direct Health and Medical Insurance Carriers

NAICS 524114 - Direct Health and Medical Insurance Carriers encompasses organizations providing health and medical insurance services, specifically targeting direct insurance coverage for individuals and groups. These carriers offer comprehensive health insurance plans that cover medical expenses, including hospitalization, outpatient services, prescription drugs, dental, and vision care. The services are designed to mitigate financial risks associated with healthcare costs by providing coverage across various medical treatments and preventive care services.

The federal contract awards in this category predominantly feature health insurance contracts for locally employed staff at U.S. diplomatic missions worldwide. Typical contract values range from approximately $10,000 to $16,597,492, with performance periods spanning one base year and four option years. Frequently awarded entities include international insurance companies such as AXA Assurances, Malath Cooperative Insurance, Concordia, and Prudential Life Assurance. The primary funding agencies are the U.S. Department of State's various regional bureaus, including the Bureau of African Affairs, Bureau of Near Eastern Affairs, and Bureau of European and Eurasian Affairs. Most awards are full and open competition without specific set-asides, with performance locations spanning countries in Africa, Europe, the Middle East, and Asia.

Recent federal contract opportunities within this NAICS code focus on soliciting comprehensive health insurance services for locally employed staff at U.S. embassies and missions. Key opportunities include health insurance requests for missions in Guyana, Armenia, Poland, Liberia, France, and Mauritius. The solicitations typically seek insurance plans covering medical, dental, vision, and life insurance benefits for embassy employees and their dependents. Agencies like the Department of State, Consumer Financial Protection Bureau, and Centers for Medicare & Medicaid Services are seeking these services, with performance locations predominantly in foreign countries. The opportunities emphasize comprehensive coverage, including hospitalization, emergency services, outpatient care, prescription drugs, and supplemental benefits for government employees.