Direct Health and Medical Insurance Carriers — NAICS 524114
Browse federal contract opportunities classified under NAICS code 524114 (Direct Health and Medical Insurance Carriers). Find active solicitations on SAM.gov, understand size standards, and discover set-aside opportunities for your business.
About NAICS 524114
Direct Health and Medical Insurance Carriers. This industry falls under the Finance and Insurance sector (NAICS codes beginning with 52).
Federal agencies use NAICS code 524114 when posting contract opportunities on SAM.gov to classify the type of work being solicited. Businesses that operate in the direct health and medical insurance carriers space should include this code in their SAM.gov registration and capability statements to ensure they appear in relevant searches.
How to Use NAICS 524114 in Federal Contracting
To compete for federal contracts under NAICS 524114, your business should be registered in SAM.gov with this NAICS code listed in your entity profile. When agencies post solicitations for direct health and medical insurance carriers work, they reference this code to determine the applicable small business size standard and any set-aside eligibility.
If you hold certifications such as 8(a), HUBZone, SDVOSB, or WOSB, you may be eligible for set-aside contracts under this NAICS code. These set-asides limit competition to certified small businesses, giving you a significant advantage in winning federal work.
FedOverwatch monitors SAM.gov daily and can automatically match you with new opportunities under NAICS 524114. Set up your profile with your NAICS codes and certifications to receive personalized contract alerts.
NAICS 524114 Market Intelligence
Based on 3 years of federal award data from USAspending.gov, the direct health and medical insurance carriers market has seen 3,588 contract awards totaling $127.7B in value. The median contract size is $66K, with approximately 100 new awards per month.
Total Awards (3yr)
3,588
Total Value
$127.7B
Median Contract
$66K
Competitors
127
Contract value distribution
78 small business awards ($351.5M total value,$79K median)
127 companies compete for NAICS 524114 contracts
See who's winning, their award values, and where you fit in the market
Explore CompetitorsSize Standards
The SBA establishes size standards for each NAICS code to define what qualifies as a "small business" for federal contracting purposes. For NAICS 524114 (Direct Health and Medical Insurance Carriers), the size standard is based on either average annual receipts or number of employees, depending on the specific industry. Meeting the size standard for your primary NAICS code is required to qualify for small business set-aside contracts.
Visit the SBA Size Standards Table to find the current threshold for NAICS 524114.
Recent NAICS 524114 Opportunities
View all →The Defense Health Agency (DHA) is developing the 7th generation of the TRICARE Dental Program (TDP-7) and a Third-Party Administrator (TPA) contract to provide administrative services. The TDP-7 will focus on dental services, while the TPA will handle administrative tasks like eligibility and enrollment.
The Department of State is procuring medical and life insurance services for locally employed staff at the U.S. Embassy in Cairo. Offerors are encouraged to propose off-the-shelf plans that meet minimum benefit levels, and the contract will be awarded based on the lowest acceptable price. A pre-proposal conference will be held on June 9, 2026, and proposals are due by June 29, 2026.
The U.S. Department of State is procuring customized Group Life and Health Insurance services for employees of the U.S. Embassy in the Sultanate of Oman. A pre-proposal conference will be held for interested offerors, and proposals must be submitted by June 24, 2026.
The Department of State is procuring health insurance for locally employed staff at the U.S. Embassy in Manila. Offerors are encouraged to provide off-the-shelf plans that meet minimum benefit levels, with proposals due by May 15, 2026. A pre-quotation conference is scheduled for April 17, 2026, and attendance is strongly encouraged.
This is a solicitation for locally employed staff healt
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