PSC G006 - SOCIAL- GOVERNMENT LIFE INSURANCE PROGRAMS

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Classification & Hierarchy for PSC G006

The classification hierarchy shows how this PSC code fits within the broader federal procurement structure.

Level 1 Spend Category:
2 Professional Services
Level 2 Spend Category:
2.9 Financial Services
Parent PSC Code:
G0 SOCIAL SERVICES
Active Since:
October 1, 2011
Last Updated:
April 30, 2024

Overview for PSC G006

PSC Code G006 covers services related to Government Life Insurance Programs, which encompass the administration, management, and support of federal life insurance offerings provided to eligible government employees, veterans, and their beneficiaries. These programs include various types of life insurance policies specifically designed to meet the unique needs of government personnel. Contracting under this PSC typically involves services that support enrollment, claims processing, policy management, and customer service functions associated with government life insurance benefits. Agencies utilize contracts categorized under G006 to ensure efficient delivery and management of these insurance services, enhancing the welfare and financial security of federal employees and veterans.

Typical Buyers & Agencies for PSC G006

Typical buyers for PSC G006 include federal agencies such as the Department of Veterans Affairs (VA), Office of Personnel Management (OPM), and the Social Security Administration (SSA). These agencies are responsible for administering life insurance benefits to federal employees, veterans, and their families. They procure services under this PSC to streamline the management of insurance policies, enhance customer support, and ensure compliance with regulatory requirements. These buyers focus on contractors who can deliver reliable, secure, and efficient life insurance program services to meet the needs of a diverse beneficiary population.

Common Contract Types for PSC G006

Contracts awarded under PSC G006 commonly include firm-fixed-price, cost-reimbursement, and indefinite-delivery/indefinite-quantity (IDIQ) types, depending on the scope and complexity of services needed. Procurement methods often involve competitive bidding or task orders against existing contracts to acquire specialized insurance program management services. Typical use cases include outsourcing claims adjudication, policyholder communications, system modernization efforts, and compliance auditing. Contractors are expected to maintain high standards of accuracy, confidentiality, and responsiveness due to the sensitive nature of life insurance data.

Plain-Language Breakdown for PSC G006

  • Covers administration and management of government life insurance programs for federal employees and veterans.
  • Frequently purchased by agencies like the Department of Veterans Affairs and Office of Personnel Management.
  • Contracts may include firm-fixed-price, cost-reimbursement, and IDIQ types based on service complexity.
  • Supports services such as claims processing, policy administration, enrollment, and customer support.
  • Often associated with NAICS codes 524292 and 524210 for insurance program administration services.
  • Critical for ensuring efficient delivery and compliance within federal life insurance benefit programs.

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