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Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

NAICS 524292 · Federal Contracts & Awards

$223,711,009.22 is the USAspending.gov FY2026 obligation total for Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds (NAICS 524292). About seven percent of a $3.29 billion third-party-administration extract is an early-year slice. A 508-row parent against a multi-billion-dollar book is a compact file, not a named-PBM roster. That pair is Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds (NAICS 524292) and federal fiscal year 2026 — not every federal dollar in FY2026, not Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds's $3,290,234,694.80 extract-wide book, and not cash already paid. The cell is 6.8% of this industry's published obligation total. 508 is the industry-extract award-record count, not a FY2026-only instrument tally. USAspending.gov is the source. Correlation is not causation.

Key figures

  • Pharmacy Benefit Mgmt in FY2026: $223,711,009.22 in USAspending obligations (NAICS 524292).
  • That cell is 6.8% of the industry's $3,290,234,694.80 extract-wide total.
  • 508 is the industry-extract award-record count, not a FY2026 census.
  • NAICS 524292 × FY2026 is an obligation join, not an outlay and not a named-recipient list.
  • Cite USAspending.gov; quote /industries/524292/ and /fiscal-years/2026/ if live tables moved.

What the Pharmacy Benefit Mgmt–FY2026 join is

NAICS 524292 and fiscal year 2026 meet here. $223,711,009.22 is the USAspending.gov obligation sum on the yearlyTrend row that carries both tags. It is not Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds's nationwide all-year total of $3,290,234,694.80, not every federal dollar coded to FY2026, and not an outlay register. The packet does not split pharmacy-benefit from other third-party administration, or contract from assistance. 508 is an industry-extract action count: modifications and repeat awards add rows across years. Unique recipients are unpublished. This cell is not an enrollee census, a named-PBM roster, or a claims ledger.

Open /industries/524292/ (NAICS 524292) for the industry table without this FY2026 filter, /fiscal-years/2026/ (FY2026 federal spending) for the year table without this NAICS filter, /industries/ (All industries) for every industry, and /ties/ (All spending ties) for the rest of the join list. Quote those hubs as parents, not as addends to $223,711,009.22. A TPA NAICS tag is not premiums collected from households and not a named-carrier list. Place-of-performance splits are omitted.

FY2026 beside the Pharmacy Benefit Mgmt longer book

USAspending labels NAICS 524292 as Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds. That code produced $223,711,009.22 when crossed with fiscal year 2026. The industry-wide 524292 hub does not require a FY2026 filter. The year hub does not require Pharmacy Benefit Mgmt. Only this tie applies both filters. The packet does not split pharmacy-benefit from other third-party administration, or contract from assistance. Do not forecast a full FY2026 PBM book from this snapshot. Pharmacy-benefit and other TPA lines stay inside one NAICS.

Correlation is not causation: FY2026 did not cause $223,711,009.22 by existing as a large or small budget year. The join is 524292 × FY2026 only. This cell is not an enrollee census, a named-PBM roster, or a claims ledger. Do not invent contractors or award recipients to fill the gap. Campaign donations on FEC tables do not fund this USAspending cell; the datasets are separate. Five hundred eight industry-extract award records describe 524292 across years, not a FY2026 enrollee or administrator census.

Full analysis: Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds federal obligations in FY2026 →

Questions

How much Pharmacy Benefit Mgmt spending is obligated in FY2026?
USAspending.gov lists $223,711,009.22 in Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds (NAICS 524292) obligations for FY2026. That yearlyTrend amount is 6.8% of the industry's $3,290,234,694.80 extract-wide total. It is an obligation join, not an outlay and not every federal dollar in FY2026. Unique recipients are unpublished.
Is $223,711,009.22 the entire Pharmacy Benefit Mgmt USAspending total?
No. NAICS 524292's extract-wide total is $3,290,234,694.80. FY2026 is 6.8% of that book. Other fiscal-year rows for the same industry are separate cells. Do not add /industries/524292/ into this join. 508 award records stay on the industry extract, not on this yearlyTrend row.
Is $223,711,009.22 cash already paid in FY2026?
No. Obligations are commitments recorded on USAspending.gov awards. Outlays — money that actually left the Treasury — are a different concept and are not this packet's headline. Treating $223,711,009.22 as checks already cleared in FY2026 confuses those terms. Prefer the live industry and year hubs if the tables moved.
Where is the live Pharmacy Benefit Mgmt–FY2026 table?
/industries/524292/ is the industry parent and /fiscal-years/2026/ is the year parent. /industries/ covers every industry without the NAICS×year intersection as the headline. /ties/ lists other pairs. Those hubs are not addends. Keep both sides of the join when citing $223,711,009.22.

USAspending.gov NAICS yearlyTrend by fiscal year. Obligations are not outlays. FY figures can be incomplete for the current year.

Industry ties

All data ties →

Companies in the Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds industry (NAICS code 524292) have received $3.29B in federal contracts, grants, and other awards since FY2024, across 508 individual awards tracked through FY2026. The largest funding agency is Department of Veterans Affairs ($1.55B). Spending is concentrated in Alaska, Colorado, Wisconsin and 35 other states. All figures below come from USAspending.gov award records.

Total Obligations

$3.29B

Total Awards

508

States

38

Last Updated

Apr 21, 2026

Yearly Spending Trend

Top 50 Awards in Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

Largest individual obligations in NAICS 524292.

Download CSV
Top 50 Awards in Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
AwardRecipientAwarding AgencyProgramPlaceFYObligation
CONT_AWD_36C10G24N0058_3600_36C10G24D0051_3600
VA CLAIMS PROCESSING AND CUSTOMER SERVICES
SIGNATURE CHOICE II, LLC
Virginia
Department of Veterans Affairs
Department of Veterans Affairs
—DENVER, CO-012024$179,319,830
CONT_AWD_75R60221C00004_7526_-NONE-_-NONE-
PRB184 C 3611. CLAIMS REIMBURSEMENT TO HEALTH CARE PROVIDERS AND FACILITIES FOR TESTING, TREATMENT AND VACCINE ADMINISTRATION FOR THE UNINSURED.
OPTUMSERVE TECHNOLOGY SERVICES, INC.
Maryland
Department of Health and Human Services
Health Resources and Services Administration
—COLUMBIA, MD-032024$169,066,307
CONT_AWD_HT940221C0005_9700_-NONE-_-NONE-
TRICARE MEDICARE ELIGIBLE PROGRAM (TMEP) SERVICES
WISCONSIN PHYSICIANS SERVICE INSURANCE CORP.
Wisconsin
Department of Defense
Defense Health Agency
—MONONA, WI-022024$150,082,978
CONT_AWD_16PBGC19T0013_1665_16PBGC19D0009_1665
FIELD OFFICE SUPPORT SERVICES
SERCO INC
Virginia
Pension Benefit Guaranty Corporation
Pension Benefit Guaranty Corporation
—WASHINGTON, DC-982024$141,010,187
CONT_AWD_36C10G23F0013_3600_36C79119D0007_3600
NON-VA COMMUNITY HEALTHCARE CLAIMS PROCESSING&PROVIDER CUSTOMER SERVICE CONTACT CENTER
SIGNATURE CHOICE, LLC
Virginia
Department of Veterans Affairs
Department of Veterans Affairs
—WOODBRIDGE, VA-072024$132,109,136
CONT_AWD_HT940220F0019_9700_HT940215D0001_9700
TRICARE OVERSEAS PROGRAM PROVIDES COMPREHENSIVE HEALTH CARE SUPPORT SERVICES TO ACTIVE DUTY SERVICE MEMBERS AND CERTAIN ACTIVE DUTY FAMILY MEMBERS IN DESIGNATED OVERSEAS LOCATIONS.
INTERNATIONAL SOS GOVERNMENT SERVICES LLC
Pennsylvania
Department of Defense
Defense Health Agency
—FEASTERVILLE TREVOSE, PA-012025$108,498,532
CONT_AWD_HT940219F0009_9700_HT940215D0001_9700
TRICARE OVERSEAS PROGRAM PROVIDES COMPREHENSIVE HEALTH CARE SUPPORT SERVICES TO ACTIVE DUTY SERVICE MEMBERS AND CERTAIN ACTIVE DUTY FAMILY MEMBERS IN DESIGNATED OVERSEAS LOCATIONS.
INTERNATIONAL SOS GOVERNMENT SERVICES LLC
Pennsylvania
Department of Defense
Defense Health Agency
—FEASTERVILLE TREVOSE, PA-012025$103,313,949
CONT_AWD_HT940218F0018_9700_HT940215D0001_9700
TRICARE OVERSEAS PROGRAM PROVIDES COMPREHENSIVE HEALTH CARE SUPPORT SERVICES TO ACTIVE DUTY SERVICE MEMBERS AND CERTAIN ACTIVE DUTY FAMILY MEMBERS IN DESIGNATED OVERSEAS LOCATIONS.
INTERNATIONAL SOS GOVERNMENT SERVICES LLC
Pennsylvania
Department of Defense
Defense Health Agency
—FEASTERVILLE TREVOSE, PA-012024$102,168,880
CONT_AWD_0002_9700_HT940214D0003_9700
TRICARE DUAL-ELIGIBLE FISCAL INTERMEDIARY SERVICES
WISCONSIN PHYSICIANS SERVICE INSURANCE CORP.
Wisconsin
Department of Defense
Defense Health Agency
—MONONA, WI-022024$72,958,000
CONT_AWD_HT940217F0001_9700_HT940214D0003_9700
TRICARE DUAL-ELIGIBLE FISCAL INTERMEDIARY SERVICE
WISCONSIN PHYSICIANS SERVICE INSURANCE CORP.
Wisconsin
Department of Defense
Defense Health Agency
—MADISON, WI-022024$72,229,627
CONT_AWD_0003_9700_HT940214D0003_9700
TRICARE DUAL-ELIGIBLE FISCAL INTERMEDIARY SERVICES
WISCONSIN PHYSICIANS SERVICE INSURANCE CORP.
Wisconsin
Department of Defense
Defense Health Agency
—MONONA, WI-022024$71,937,428
CONT_AWD_HT940218F0002_9700_HT940214D0003_9700
TRICARE DUAL-ELIGIBLE FISCAL INTERMEDIARY SERVICES
WISCONSIN PHYSICIANS SERVICE INSURANCE CORP.
Wisconsin
Department of Defense
Defense Health Agency
—MONONA, WI-022024$69,941,045
CONT_AWD_HT940219F0004_9700_HT940214D0003_9700
TRICARE DUAL-ELIGIBLE FISCAL INTERMEDIARY SERVICES
WISCONSIN PHYSICIANS SERVICE INSURANCE CORP.
Wisconsin
Department of Defense
Defense Health Agency
—MONONA, WI-022024$69,148,086
CONT_AWD_70FA6022C00000006_7022_-NONE-_-NONE-
THE PURPOSE OF THIS MODIFICATION IS TO ADD CLAUSE 52.217-8 TO THE CONTRACT
TORRENT TECHNOLOGIES, INC.
Montana
Department of Homeland Security
Federal Emergency Management Agency
—WASHINGTON, DC-982024$57,475,220
CONT_AWD_HT940221F0010_9700_HT940214D0003_9700
TRICARE DUAL-ELIGIBLE FISCAL INTERMEDIARY CONTRACT (TDEFIC) PROVIDES CLAIMS PROCESSING AND ASSOCIATED CUSTOMER SUPPORT SERVICES.
WISCONSIN PHYSICIANS SERVICE INSURANCE CORP.
Wisconsin
Department of Defense
Defense Health Agency
—MONONA, WI-022025$55,675,108
CONT_AWD_36C79125K0079_3600_36C79124D0011_3600
EXPRESS REPORT: PBM DEC 2024
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—DENVER, CO-012025$41,079,827
CONT_AWD_PC173007_1145_-NONE-_-NONE-
HEALTHCARE SERVICES BENEFITS.
INTERNATIONAL MEDICAL GROUP INC
Indiana
Peace Corps
Peace Corps
—INDIANAPOLIS, IN-072024$39,459,868
CONT_AWD_16PBGC21T0003_1665_16PBGC19D0009_1665
TASK ORDER #2 FOR FOSS
SERCO INC
Virginia
Pension Benefit Guaranty Corporation
Pension Benefit Guaranty Corporation
—HERNDON, VA-112024$37,817,298
CONT_AWD_36C79124K0392_3600_36C79124D0011_3600
EXPRESS REPORT: PBM AUG 2024
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—DENVER, CO-012024$34,913,966
CONT_AWD_36C79124K0314_3600_36C79124D0011_3600
PBM EXPRESS REPORT: JUNE 2024
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—DENVER, CO-012024$34,513,103
CONT_AWD_36C79125K0178_3600_36C79124D0011_3600
EXPRESS REPORT: PBM MAR 2025
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—GOLDEN, CO-072025$34,417,529
CONT_AWD_36C79125K0134_3600_36C79124D0011_3600
EXPRESS REPORT: PBM JAN 2025
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—GOLDEN, CO-072025$33,990,241
CONT_AWD_36C79124K0283_3600_36C79124D0011_3600
PBM EXPRESS REPORT: APRIL 2024
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—DENVER, CO-012024$33,265,207
CONT_AWD_75R60221C00003_7526_-NONE-_-NONE-
PRB184 C 3612. PAYMENT PROCESSING - GENERAL/TARGETED.
OPTUMSERVE TECHNOLOGY SERVICES, INC.
Maryland
Department of Health and Human Services
Health Resources and Services Administration
—COLUMBIA, MD-032024$33,069,663
CONT_AWD_HT940221F0002_9700_HT940214D0003_9700
TRICARE DUAL-ELIGIBLE FISCAL INTERMEDIARY CONTRACT (TDEFIC) PROVIDES CLAIMS PROCESSING AND ASSOCIATED CUSTOMER SUPPORT SERVICES.
WISCONSIN PHYSICIANS SERVICE INSURANCE CORP.
Wisconsin
Department of Defense
Defense Health Agency
—MONONA, WI-022025$32,783,233
CONT_AWD_36C10G26K0134_3600_36C10G21D0001_3600
EXPRESS REPORT: OCTOBER FY26 Q1
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002026$32,453,514
CONT_AWD_36C10G26K0214_3600_36C10G21D0001_3600
EXPRESS REPORT: DECEMBER FY26 Q1
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002026$31,668,430
CONT_AWD_36C79125K0074_3600_36C79124D0011_3600
EXPRESS REPORT: PBM NOV 2024
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—DENVER, CO-012025$30,927,272
CONT_AWD_36C79124K0393_3600_36C79124D0011_3600
EXPRESS REPORT: PBM SEP 2024
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—DENVER, CO-012024$30,475,708
CONT_AWD_36C79125K0146_3600_36C79124D0011_3600
EXPRESS REPORT: PBM FEB 2025
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—GOLDEN, CO-072025$30,455,128
CONT_AWD_36C10G25K0011_3600_36C10G21D0001_3600
EXPRESS REPORT: OCTOBER FY 2025 Q1
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$29,832,362
CONT_AWD_36C10G25K0379_3600_36C10G21D0001_3600
EXPRESS REPORT: MARCH FY25 Q3
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$29,666,361
CONT_AWD_36C79125K0253_3600_36C79124D0011_3600
EXPRESS REPORT: PBM MAY FY25
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—GOLDEN, CO-072025$29,614,005
CONT_AWD_N0018920CZ004_9700_-NONE-_-NONE-
FUNDING
PARAGON BENEFITS, INC.
Georgia
Department of Defense
Department of the Navy
—COLUMBUS, GA-022024$29,094,300
CONT_AWD_36C10G24K0116_3600_36C10G21D0001_3600
EXPRESS REPORT: MAY FY24 Q3
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002024$28,631,274
CONT_AWD_36C10G25K0007_3600_36C10G21D0001_3600
EXPRESS REPORT: SEPTEMBER FY 2024 Q4
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$28,136,823
CONT_AWD_75D30126C20710_7523_-NONE-_-NONE-
WTCHP THIRD PARTY ADMINISTRATOR
GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC.
Virginia
Department of Health and Human Services
Centers for Disease Control and Prevention
—FALLS CHURCH, VA-082026$27,906,759
CONT_AWD_36C10G25K0391_3600_36C10G21D0001_3600
EXPRESS REPORT: APRIL FY25 Q3
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$27,797,370
CONT_AWD_36C10G26K0265_3600_36C10G21D0001_3600
EXPRESS REPORT: FEBRUARY FY26 Q2
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002026$27,770,729
CONT_AWD_36C10G25K0396_3600_36C10G21D0001_3600
EXPRESS REPORT: MAY FY25 Q3
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$27,669,096
CONT_AWD_36C10G25K0017_3600_36C10G21D0001_3600
EXPRESS REPORT: NOVEMBER FY 2025 Q1
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$27,528,597
CONT_AWD_36C10G24K0135_3600_36C10G21D0001_3600
EXPRESS REPORT: AUGUST FY 2024 Q4
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002024$27,482,411
CONT_AWD_36C79124K0386_3600_36C79124D0011_3600
EXPRESS REPORT: PBM JULY 2024
OPTUMRX ADMINISTRATIVE SERVICES, LLC
Minnesota
Department of Veterans Affairs
Department of Veterans Affairs
—DENVER, CO-012024$27,305,509
CONT_AWD_36C10G25K0045_3600_36C10G21D0001_3600
EXPRESS REPORT: DECEMBER FY 2025 Q1
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$26,195,616
CONT_AWD_36C10G24K0108_3600_36C10G21D0001_3600
EXPRESS REPORT: APRIL FY24 Q3
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002024$26,173,775
CONT_AWD_36C10G25K0482_3600_36C10G21D0001_3600
EXPRESS REPORT: JUNE FY25 Q3
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$25,836,451
CONT_AWD_36C10G26K0255_3600_36C10G21D0001_3600
EXPRESS REPORT: JANUARY FY26 Q2
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002026$25,703,178
CONT_AWD_36C10G25K0590_3600_36C10G21D0001_3600
EXPRESS REPORT: JULY FY25 Q4
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002025$25,624,801
CONT_AWD_75FCMC18C0036_7530_-NONE-_-NONE-
MEDICAL REVIEW ACCURACY CONTRACTOR PERFORMS ACCURACY REVIEWS ON MEDICAL REVIEW CONTRACTORS' WORK.
RELI GROUP INC
Maryland
Department of Health and Human Services
Centers for Medicare and Medicaid Services
—CATONSVILLE, MD-072025$25,577,898
CONT_AWD_36C10G24K0057_3600_36C10G21D0001_3600
EXPRESS REPORT: OCTOBER FY24
TRIWEST HEALTHCARE ALLIANCE CORP
Arizona
Department of Veterans Affairs
Department of Veterans Affairs
—ANCHORAGE, AK-002024$25,540,052

Top 50 awards shown, ranked by obligated amount. Dates reflect performance period; last-modified dates match USAspending.gov. Complete listings include all transaction history going back to FY2024.

Spending by State

Federal spending in the Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds industry (NAICS 524292) broken down by state, with obligated amounts and award counts.
StateFundingAwards
Alaska$755.8M35
Colorado$601.2M17
Wisconsin$595.3M9
Pennsylvania$329.7M8
District of Columbia$252.4M113
Maryland$232.8M13
Virginia$225.8M10
Indiana$74.6M5
Utah$63.9M103
Georgia$32.6M7
Florida$26.3M11
Alabama$18.7M4
Texas$16.8M27
Kentucky$16.6M7
Minnesota$13.0M3
Montana$8.0M1
Washington$7.9M11
Illinois$5.9M1
New Mexico$3.6M1
New Jersey$2.9M2
North Carolina$1.2M11
California$915K12
Oregon$780K12
South Carolina$733K2
Iowa$478K4
Tennessee$413K3
Missouri$383K3
South Dakota$282K7
Kansas$236K2
Arizona$225K1
Ohio$192K2
Mississippi$175K1
Nevada$167K8
North Dakota$145K2
Nebraska$138K3
Hawaii$23K1
West Virginia$6K1
Idaho$6K2