Government Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds Contracts
NAICS 524292 · Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
Government pharmacy benefit management and other third party administration of insurance and pension funds contracts totaled $2.7B across 566 awards from FY2024 to FY2026. Obligations were up 61.2% in FY2026 vs FY2025, and the Department of Veterans Affairs was the largest buyer, accounting for $2.3B (84% of the total).
Key figures
In FY2026, contract obligations were $1,175,180,137 across 246 awards with activity that year, a change of +61.2% from $729,175,767 in FY2025. From FY2024 to FY2026, obligations totaled $2,703,845,881 across 566 awards.
- Obligated in FY2026
- $1.2B
- Awards in FY2026
- 246
- Change vs FY2025
- +61.2%
- Total, FY2024 to FY2026
- $2.7B
Note: FY2026 ended on Sep 30, 2026. The Department of Defense publishes contract data with a 90-day delay, so FY2026 totals may still rise as late reports arrive.
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds contract spending by year
Federal pharmacy benefit management and other third party administration of insurance and pension funds contracts per fiscal year (October to September), under NAICS 524292. The table below lists the same numbers.
| Fiscal year | Obligated | Awards | Change |
|---|---|---|---|
| FY2026 | $1,175,180,137 | 246 | +61.2% |
| FY2025 | $729,175,767 | 305 | -8.8% |
| FY2024 | $799,489,977 | 326 | n/a |
About government pharmacy benefit management and other third party administration of insurance and pension funds contracts
Federal spending on pharmacy benefit management and other third party administration of insurance and pension funds contracts rose 47% from FY2024 ($799M) to FY2026 ($1.2B). FY2026 closed recently, and Defense Department contracts are reported up to 90 days late, so its total may still rise.
Spending is highly concentrated: the top 3 contractors account for 82% of the total. A few large firms win most of this work, so subcontracting can be the easiest way in.
The Department of Veterans Affairs spends the most on pharmacy benefit management and other third party administration of insurance and pension funds contracts (84%), followed by the Department of Defense. The states with the most of this work are Colorado, Alaska and Virginia.
NAICS 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds) is part of the Finance and Insurance sector.
Top pharmacy benefit management and other third party administration of insurance and pension funds government contractors
Companies ranked by contract dollars under NAICS 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds).
| # | Contractor | Obligated | Share |
|---|---|---|---|
| 1 | Triwest Healthcare Alliance Corp | $967,544,069 | 35.8% |
| 2 | Optumrx Administrative Services, LLC | $930,089,124 | 34.4% |
| 3 | Signature Choice II, LLC | $328,881,375 | 12.2% |
| 4 | Wisconsin Physicians Service Insurance Corp. | $126,988,195 | 4.7% |
| 5 | Healthequity, Inc. | $66,364,283 | 2.5% |
| 6 | Taurus, LLC | $54,769,969 | 2.0% |
| 7 | Ardent Group, LLC | $50,152,658 | 1.9% |
| 8 | Torrent Technologies, Inc. | $33,656,191 | 1.2% |
| 9 | International Medical Group Inc | $33,308,215 | 1.2% |
| 10 | General Dynamics Information Technology, Inc. | $27,906,759 | 1.0% |
Agencies buying pharmacy benefit management and other third party administration of insurance and pension funds services
Federal agencies ranked by contract dollars under NAICS 524292.
| # | Agency | Obligated | Share |
|---|---|---|---|
| 1 | Department of Veterans Affairs | $2,267,050,128 | 83.8% |
| 2 | Department of Defense | $144,564,135 | 5.3% |
| 3 | Department of Homeland Security | $136,247,073 | 5.0% |
| 4 | Office of Personnel Management | $46,396,819 | 1.7% |
| 5 | Department of Health and Human Services | $43,913,294 | 1.6% |
| 6 | Department of the Treasury | $17,572,639 | 0.6% |
| 7 | Peace Corps | $14,626,038 | 0.5% |
| 8 | Pension Benefit Guaranty Corporation | $11,834,508 | 0.4% |
| 9 | Corporation for National and Community Service | $6,326,425 | 0.2% |
| 10 | Department of Energy | $5,080,727 | 0.2% |
Where pharmacy benefit management and other third party administration of insurance and pension funds contract work is performed
States ranked by contract dollars, using the place of performance on each award.
| # | State | Obligated | Share |
|---|---|---|---|
| 1 | Colorado | $1,157,187,412 | 42.8% |
| 2 | Alaska | $967,495,538 | 35.8% |
| 3 | Virginia | $198,373,376 | 7.3% |
| 4 | Wisconsin | $127,591,439 | 4.7% |
| 5 | Florida | $55,777,754 | 2.1% |
| 6 | District of Columbia | $53,551,001 | 2.0% |
| 7 | Utah | $53,111,538 | 2.0% |
| 8 | Indiana | $33,308,215 | 1.2% |
| 9 | Maryland | $17,066,393 | 0.6% |
| 10 | Illinois | $16,940,000 | 0.6% |
Recent pharmacy benefit management and other third party administration of insurance and pension funds contract awards
The latest pharmacy benefit management and other third party administration of insurance and pension funds contracts, newest first. Each award ID links to its record on USAspending.gov.
| Start date | Recipient | Agency and description | Amount | Record |
|---|---|---|---|---|
| Sep 30, 2026 | Triwest Healthcare Alliance Corp | Department of Veterans AffairsEXPRESS REPORT: SEPTEMBER FY26 Q4 | $29,119,143 | 36C10G26K0301 |
| Sep 30, 2026 | Triwest Healthcare Alliance Corp | Department of Veterans AffairsEXPRESS REPORT: AUGUST FY26 Q4 | $35,202,006 | 36C10G26K0299 |
| Sep 23, 2026 | International Medical Group Inc | Corporation for National and Community ServiceHEALTHCARE BPA CALL 5 - ODCS AND HEALTHCARE BENEFITS FOR POP 9/30/2026 - 9/29/2027 | $1,785,000 | 95332A26F00047 |
| Sep 23, 2026 | International Medical Group Inc | Corporation for National and Community ServiceHEALTHCARE BPA CALL 4 - ADMINISTRATIVE FEE FOR YEARS 3, 4, AND 5 | $3,406,477 | 95332A26F00041 |
| Sep 21, 2026 | Healthequity, Inc. | Department of Homeland SecurityFSA FEDS | $46,578 | 70RFP326FREH00035 |
| Sep 15, 2026 | Palisade Strategies, LLC | Department of Veterans AffairsPHARMACY BENEFITS MANAGEMENT | $50,000 | 36C24626N1066 |
| Sep 1, 2026 | Healthequity, Inc. | Social Security AdministrationTASK ORDER FOR CALENDAR YEAR 2026 FSAFEDS ADMINISTRATIVE SERVICES FEES | $39,255 | 28321326FDX030174 |
| Aug 26, 2026 | Optumrx Administrative Services, LLC | Department of Veterans AffairsEXPRESS REPORT: PBM APR, MAY, JUN, JULY FY26 | $159,197,318 | 36C79126K0132 |
| Aug 26, 2026 | Optumrx Administrative Services, LLC | Department of Veterans AffairsEXPRESS REPORT: PBM JAN, FEB, MAR FY25 | $106,297,480 | 36C79126K0131 |
| Aug 26, 2026 | Optumrx Administrative Services, LLC | Department of Veterans AffairsEXPRESS REPORT: PBM OCT, NOV, DEC, FY25 | $106,276,908 | 36C79126K0130 |
| Aug 24, 2026 | Optumrx Administrative Services, LLC | Department of Veterans AffairsEXPRESS REPORT: PBM JUN, JUL, AUG, SEPT FY25 | $136,950,146 | 36C79126K0129 |
| Aug 20, 2026 | Healthequity, Inc. | Department of Homeland SecurityFSA MANAGEMENT SUPPORT | $47,386 | 70B06C26F00000714 |
| Aug 14, 2026 | Healthequity, Inc. | Department of Homeland SecurityTHIS DELIVERY ORDER IS BEING WRITTEN IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF IDIQ 24322625D0002 FOR USSS FY26 HEALTH ADMINISTRATION FEES AND CATCH-UP FEES FOR THE FEDERAL FLEXIBLE SPENDING ACCO | $4,866 | 70US0926F3OTH3038 |
| Aug 13, 2026 | Triwest Healthcare Alliance Corp | Department of Veterans AffairsEXPRESS REPORT: JULY FY26 Q4 | $27,731,413 | 36C10G26K0294 |
| Aug 3, 2026 | Asd Specialty Healthcare, LLC | Department of JusticeWELIREGMEDICATION | $88,430 | 15B10626P00000347 |
| Aug 1, 2026 | Palisade-Heritage Joint Venture II, LLC | Department of Veterans AffairsPHARMACY BENEFITS MANAGEMENT SERVICES FOR THE DURHAM VAMC. MODIFICATION P00001 TO EXERCISE OPTION YEAR ONE. | $185,000 | 36C24626N0926 |
| Jul 30, 2026 | Triwest Healthcare Alliance Corp | Department of Veterans AffairsEXPRESS REPORT: JUNE FY26 Q3 | $33,713,567 | 36C10G26K0292 |
| Jul 23, 2026 | Healthequity, Inc. | Department of Homeland SecurityFSAFEDS (FLEXIBLE SPENDING ACCOUNTS) | $13,518 | 70FA4026F00000177 |
| Jul 22, 2026 | Palisade-Heritage JV LLC | Department of Veterans AffairsPHARMACY BENEFIT SERVICE | $140,210 | 36C24626N0866 |
| Jul 13, 2026 | Palisade Heritage Health, LLC | Department of Veterans AffairsFIRST FILL PHARMACY SERVICES - COATESVILLE VAMC | $21,000 | 36C24426N0907 |
| Jul 13, 2026 | Palisade Heritage Health, LLC | Department of Veterans AffairsFIRST FILL PHARMACY SERVICES - WILKES-BARRE VAMC | $140,000 | 36C24426N0905 |
| Jul 13, 2026 | Palisade Heritage Health, LLC | Department of Veterans AffairsFIRST FILL PHARMACY SERVICES - PHILADELPHIA VAMC | $100,000 | 36C24426N0900 |
| Jul 13, 2026 | Palisade Heritage Health, LLC | Department of Veterans AffairsFIRST FILL PHARMACY SERVICES - LEBANON VAMC | $483,000 | 36C24426N0899 |
| Jul 13, 2026 | Healthequity, Inc. | Department of AgricultureTHE FEDERAL FLEXIBLE SPENDING ACCOUNT PROGRAM (FSAFEDS); 2026 ADMINISTRATIVE FEES. | $58,191 | 12314426F0244 |
| Jul 13, 2026 | Palisade Heritage Health, LLC | Department of Veterans AffairsFIRST FILL PHARMACY SERVICES - PITTSBURGH VA MEDICAL CENTER | $70,000 | 36C24426N0906 |
Open pharmacy benefit management and other third party administration of insurance and pension funds government bids
The newest open notices from SAM.gov. Bidding needs a free SAM.gov registration.
Veterans Affairs, Department of · Solicitation · NAICS 524292
Posted Oct 30, 2026 · Responses due Nov 23, 2026
How to win government pharmacy benefit management and other third party administration of insurance and pension funds contracts
Federal pharmacy benefit management and other third party administration of insurance and pension funds contracts are posted on SAM.gov under NAICS 524292. Register your business free on SAM.gov with this code, watch for pharmacy benefit management and other third party administration of insurance and pension funds bids, and look for small business set-asides: many pharmacy benefit management and other third party administration of insurance and pension funds contracts for small business are reserved for small firms.
Explore government pharmacy benefit management and other third party administration of insurance and pension funds contracts by state, agency and contractor
- Department of Veterans Affairs contracts
- Department of Defense contracts
- Department of Homeland Security contracts
- Office of Personnel Management contracts
- Department of Health and Human Services contracts
- Government contracts in Colorado
- Government contracts in Alaska
- Government contracts in Virginia
- Government contracts in Wisconsin
- Government contracts in Florida
- Triwest Healthcare Alliance government contracts
- Optumrx Administrative Services government contracts
Frequently asked questions
- What NAICS code is used for government pharmacy benefit management and other third party administration of insurance and pension funds contracts?
- Federal pharmacy benefit management and other third party administration of insurance and pension funds contracts use NAICS 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds). List this code in your free SAM.gov registration to be found for these contracts.
- Who are the largest pharmacy benefit management and other third party administration of insurance and pension funds government contractors?
- By contract dollars under NAICS 524292 from FY2024 to FY2026, the largest were Triwest Healthcare Alliance Corp ($968M), Optumrx Administrative Services, LLC ($930M) and Signature Choice II, LLC ($329M).
- Which agencies buy the most pharmacy benefit management and other third party administration of insurance and pension funds?
- From FY2024 to FY2026, the biggest buyers were the Department of Veterans Affairs ($2.3B), the Department of Defense ($145M) and the Department of Homeland Security ($136M).
- Where are government pharmacy benefit management and other third party administration of insurance and pension funds contracts performed?
- By contract dollars, the most federal pharmacy benefit management and other third party administration of insurance and pension funds work is performed in Colorado ($1.2B), Alaska ($967M) and Virginia ($198M).
- Is federal spending on pharmacy benefit management and other third party administration of insurance and pension funds contracts growing?
- Federal pharmacy benefit management and other third party administration of insurance and pension funds contract obligations rose 47% from FY2024 ($799M) to FY2026 ($1.2B). FY2026 closed recently, and Defense Department contracts are reported up to 90 days late, so its total may still rise.
- Do I qualify as a small business for pharmacy benefit management and other third party administration of insurance and pension funds contracts?
- It depends on the SBA size standard for NAICS 524292, which is set either by average annual revenue or by number of employees. Check the current table of size standards on sba.gov before you bid on small business set-asides.
- What do I need to bid on government pharmacy benefit management and other third party administration of insurance and pension funds contracts?
- An active SAM.gov registration (free) with NAICS 524292 listed, the licenses and insurance your state requires for pharmacy benefit management and other third party administration of insurance and pension funds work, and examples of similar past work. Some solicitations also ask for specific certifications or security clearances.