Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds — NAICS 524292
Browse federal contract opportunities classified under NAICS code 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds). Find active solicitations on SAM.gov, understand size standards, and discover set-aside opportunities for your business.
About NAICS 524292
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds. This industry falls under the Finance and Insurance sector (NAICS codes beginning with 52).
Federal agencies use NAICS code 524292 when posting contract opportunities on SAM.gov to classify the type of work being solicited. Businesses that operate in the pharmacy benefit management and other third party administration of insurance and pension funds space should include this code in their SAM.gov registration and capability statements to ensure they appear in relevant searches.
How to Use NAICS 524292 in Federal Contracting
To compete for federal contracts under NAICS 524292, your business should be registered in SAM.gov with this NAICS code listed in your entity profile. When agencies post solicitations for pharmacy benefit management and other third party administration of insurance and pension funds 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 524292. Set up your profile with your NAICS codes and certifications to receive personalized contract alerts.
NAICS 524292 Market Intelligence
Based on 3 years of federal award data from USAspending.gov, the pharmacy benefit management and other third party administration of insurance and pension funds market has seen 679 contract awards totaling $2.3B in value. The median contract size is $56K, with approximately 19 new awards per month.
Total Awards (3yr)
679
Total Value
$2.3B
Median Contract
$56K
Competitors
46
Contract value distribution
205 small business awards ($468.9M total value,$103K median)
46 companies compete for NAICS 524292 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 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds), 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 524292.
Recent NAICS 524292 Opportunities
View all →The Department of Veterans Affairs is contracting for pharmacy emergent first fill prescription services for Veterans Integrated Service Network (VISN) 8. Key requirements include providing timely access to medications for veterans in emergency situations.
The U.S. Department of State is contracting for a Third Party Administrator (TPA) to manage health benefits for the Accident and Sickness Program for Exchanges (ASPE). The contract is fixed-price and was awarded to International Medical Group Inc. The procurement is aimed at providing pharmacy benefit management and other third-party administration services.
The Department of Veterans Affairs is contracting for third-party billing services to support pharmacy benefit management and insurance administration through a bridge contract, specifically set aside for a SBA-certified Women-Owned Small Business under FAR 19.15, with the incumbent being Receivia, Inc.
Frequently Asked Questions
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Set up your profile with your NAICS codes and certifications, and FedOverwatch will automatically match you with relevant pharmacy benefit management and other third party administration of insurance and pension funds opportunities as they're posted on SAM.gov.