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 3,516 contract awards totaling $124.4B in value. The median contract size is $64K, with approximately 98 new awards per month.
Total Awards (3yr)
3,516
Total Value
$124.4B
Median Contract
$64K
Competitors
127
Contract value distribution
77 small business awards ($351.4M total value,$75K 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 anticipated scope of services will
The Department of State is procuring health insurance for its local employees in Seychelles. The key requirements include comprehensive coverage tailored to the needs of the staff and compliance with local regulations.
The Department of Defense is hosting virtual one-on-one meetings to gather information from industry regarding the TRICARE Dental Program 7, aimed at providing worldwide dental coverage for eligible family members of Uniformed Service personnel. The Defense Health Agency seeks to identify best practices for managing the program and plans to contract with two to four dental insurance carriers to fulfill these requirements.
The Department of State is procuring medical and life insurance services. The opportunity includes a modification to extend the offers due date until July 23, 2026. Key contacts for this opportunity include Jeffery Watts and Hany Gerguis.
The Department of State is procuring global medical coverage for locally employed staff at the U.S. Embassy in Podgorica, Montenegro. The contract will be awarded to the responsible company that submits an acceptable offer at the lowest price, with proposals due by 14 August 2026. A pre-proposal conference will be held on 23 July 2026 to discuss the requirements.
The Department of State is procuring health insurance services for JUSMAG SASP and contractual employees. The contract is intended to provide comprehensive health coverage, ensuring that employees have access to necessary medical services. Insular Health Care Inc is identified as the incumbent contractor for this opportunity.
The U.S. Department of State is procuring comprehensive group health insurance coverage for locally employed staff of the U.S. Mission in Kinshasa, Democratic Republic of Congo, including their eligible dependents. The contractor will provide coverage for approximately 351 individuals with specific minimum benefit levels across various health services and must maintain a pre-authorization system and a digital claims portal. The contract is an IDIQ with a base period of one year and four option years, with proposals due on July 25, 2026.
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.
Frequently Asked Questions
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