What is NAICS code 524114?

NAICS 524114 is the industry "Direct Health and Medical Insurance Carriers" in the North American Industry Classification System, part of the Finance and Insurance sector (52).

What is the size standard for NAICS 524114?

The SBA sets a small business size standard for each NAICS code, either average annual receipts or number of employees. Check the current value for 524114 in the SBA table of size standards on sba.gov; it changes from time to time.

NAICS Code 524114: Direct Health and Medical Insurance Carriers

NAICS code 524114 is the industry for direct health and medical insurance carriers in the Finance and Insurance sector. Agencies tag every federal contract with a NAICS code, so this is the code to list in your SAM.gov registration and to search for bids.

Government contracts under NAICS 524114

Federal agencies obligated $140B on contracts under NAICS 524114 from FY2024 to FY2026, including $48.6B in FY2026. The biggest buyers were the Department of Veterans Affairs, the Department of Defense, the Department of Health and Human Services. The largest contractors were Optum Public Sector Solutions, Inc., Triwest Healthcare Alliance Corp, Humana Government Business Inc.

See the full breakdown: government direct health and medical insurance carriers contracts, who wins and who buys.

Open government bids for NAICS 524114

No open bids under NAICS 524114 right now. Check the open bids page, which is updated daily from SAM.gov.

Small business size standard for NAICS 524114

To bid on small business set-aside contracts under NAICS 524114, your business must be small under the SBA size standard for this code, measured either by average annual receipts or by number of employees. The values are updated periodically, so check the current SBA table of size standards before you bid.

Other NAICS codes in 5241

How to choose the right NAICS code

Pick the 6-digit code that best describes what you sell. List it as your primary code in SAM.gov, and add other codes for related work. Agencies choose one NAICS code for each contract, so check the codes on past awards for the kind of work you do. Search all codes in the NAICS code lookup.

Related guides

Frequently asked questions

What is NAICS code 524114?: NAICS 524114 is the industry "Direct Health and Medical Insurance Carriers" in the North American Industry Classification System, part of the Finance and Insurance sector (52).
What is the size standard for NAICS 524114?: The SBA sets a small business size standard for each NAICS code, either average annual receipts or number of employees. Check the current value for 524114 in the SBA table of size standards on sba.gov; it changes from time to time.
Are there government contracts for NAICS 524114?: Yes. Federal agencies obligated $140B on contracts under NAICS 524114 from FY2024 to FY2026.