NAICS code 524114: Direct Health and Medical Insurance Carriers
This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) health and medical insurance policies. Group hospitalization plans and HMO establishments that provide health and medical insurance policies without providing health care services are included in this industry.
- SBA small-business size limit
- $47.0M
Is your company small for 524114?
The SBA limit is $47 million average annual receipts.
What 524114 covers
Use another code for
- HMO establishments that provide both health care services and underwrite health and medical insurance are classified in U.S. Industry 621491, HMO Medical Centers
- Establishments primarily engaged in reinsuring health insurance policies are classified in Industry 524130, Reinsurance Carriers
- Legal entities (i.e., funds, plans, and/or programs) organized to provide health- and welfare-related employee benefits exclusively for the sponsor's employees or members are classified in Industry 525120, Health and Welfare Funds
Activities listed under 524114
- Dental insurance carriers, direct
- Group hospitalization plans without providing health care services
- Health insurance carriers, direct
- Hospital and medical service plans, direct, without providing health care services
- Hospitalization insurance carriers, direct, without providing health care services
- Insurance carriers, health, direct
- Insurance underwriting, health and medical, direct
- Medical insurance carriers, direct
- Medical service plans without providing health care services
Questions
What is NAICS code 524114?
NAICS 524114 is “Direct Health and Medical Insurance Carriers”. This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) health and medical insurance policies.
What businesses use NAICS code 524114?
Examples from the U.S. Census Bureau: Dental insurance carriers, direct; Group hospitalization plans without providing health care services; Health insurance carriers, direct; Hospital and medical service plans, direct, without providing health care services; Hospitalization insurance carriers, direct, without providing health care services; and Insurance carriers, health, direct.
What is not included in NAICS 524114?
Businesses mainly hMO establishments that provide both health care services and underwrite health and medical insurance are classified in U.S. Industry 621491, HMO Medical Centers; establishments primarily engaged in reinsuring health insurance policies are classified in Industry 524130, Reinsurance Carriers; and legal entities (i.e., funds, plans, and/or programs) organized to provide health- and welfare-related employee benefits exclusively for the sponsor's employees or members are classified in Industry 525120, Health and Welfare Funds.
What is the SBA size standard for NAICS 524114?
$47 million average annual receipts (average of the last five fiscal years), including affiliates. Source: 13 CFR 121.201, effective March 17, 2023.
What is the SIC code for NAICS 524114?
SIC codes 6321 (Accident and Health Insurance, part) and 6324 (Hospital and Medical Service Plans, part), from the U.S. Census Bureau concordances (1987 SIC → 2002 NAICS, carried to 2022 NAICS).
What is the IRS business code for NAICS 524114?
The IRS list of Schedule C business codes has no code for this industry. If no code fits, the list ends with 999000 Unclassified establishments.
How do I find government contracts for NAICS 524114?
Federal agencies put a NAICS code on each solicitation in SAM.gov, and some states and cities use NAICS codes too. Add 524114 to your SAM.gov registration and to your bid alerts; PublicBeam emails new bids for the codes you choose every morning.
Source: U.S. Census Bureau, 2022 NAICS (public domain). PublicBeam is independent and not affiliated with the Census Bureau or any agency. Always check the NAICS code in the official notice before you bid.