All VA markets
NAICS 524114 · Direct Health and Medical Insurance Carriers

Top VA direct health and medical insurance carriers contractors

In the 12 months ending Oct 5, 2026, the Department of Veterans Affairs obligated $30.6B in net prime contract dollars under NAICS 524114, down 4.3% from $32.0B in the preceding 12 months. 4 prime contractors received positive obligations, and 2 of them accounted for 80% of that spend.

Prime contracts funded by the Department of Veterans Affairs. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.

Net obligations, latest 12 months
$30.6B
down 4.3% vs. $32.0B
Prime contractors
4
With positive obligations
Top 8 primes’ share
100.0%
Of positive obligations
Awards with activity
57
83 in the prior 12 months

Obligations by fiscal year

Net prime contract obligations by federal fiscal year (October to September).

FY2022
$21.5B
FY2023
$23.9B
FY2024
$28.1B
FY2025
$32.0B
FY2026
$30.6B

Top VA contractors for NAICS 524114

Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.

Top contractors, VA NAICS 524114
#ContractorLatest 12 moPrior 12 moShareRank change
1Optum Public Sector Solutions, Inc.$19.9B$22.5B65.0%—
2Triwest Healthcare Alliance Corp$10.7B$9.5B35.0%—
3Palisade-Heritage JV LLC$303K$72K0.0%▲ 1
4Palisade-Heritage Joint Venture II, LLC$265K$324K0.0%▼ 1

What changed in the last 12 months

Contractors with the largest change in reported obligations versus the preceding 12 months.

Largest gains

  • Triwest Healthcare Alliance Corp
    $9.5B → $10.7B (+$1.2B) · now #2
  • Palisade-Heritage JV LLC
    $72K → $303K (+$231K) · now #3

Largest declines

  • Optum Public Sector Solutions, Inc.
    $22.5B → $19.9B (−$2.6B) · now #1
  • Palisade-Heritage Joint Venture II, LLC
    $324K → $265K (−$59K) · now #4

Where the money comes from

Funding sub-agencies within the Department of Veterans Affairs, latest 12 months. The funding organization can differ from the office that runs the requirement.

Funding sub-agencies
Funding sub-agencyLatest 12 moPrior 12 moChange
Department of Veterans Affairs$30.6B$32.0BDown $1.4B (4.3%)

Potential recompetes

Large awards in this market whose current period of performance ends in the next 18 months. Treat these as research leads: options, extensions, and follow-on vehicles often change the timing.

Awards ending in the next 18 months
AwardIncumbentObligatedCurrent end
36C10X22P0051
Palisade-Heritage JV LLC
PHARMACY BENEFITS MANAGEMENT
$1.4MApr 23, 2027

Common questions

Who are the top VA contractors for NAICS 524114?

In the latest 12 months, Optum Public Sector Solutions, Inc. ($19.9B), Triwest Healthcare Alliance Corp ($10.7B), Palisade-Heritage JV LLC ($303K) received the most VA obligations for direct health and medical insurance carriers.

How concentrated is this market?

The eight largest primes held 100.0% of positive obligations, and Optum Public Sector Solutions, Inc. alone held 65.0%. 0 contractors won their first obligations in this market during the latest 12 months.

Are any large VA NAICS 524114 contracts ending soon?

1 of the largest awards in this market reach their current end date in the next 18 months. The first is 36C10X22P0051 (Palisade-Heritage JV LLC, $1.4M obligated), ending Apr 23, 2027. An end date is a research lead, not a confirmed recompete: options and extensions often move it.

Related markets

Figures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.

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