PSC G008 - SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER
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Classification & Hierarchy for PSC G008
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 G008
The PSC code G008 refers to Other Government Insurance Programs that encompass various social insurance services managed or sponsored by federal agencies. This category covers insurance programs outside the standard health, life, or property insurance lines, often including specialized government-backed social insurance initiatives. These programs provide critical protections and benefits, such as unemployment insurance, disability insurance, or other social welfare-related insurance schemes that support federal employees, veterans, or the public. Government agencies use this PSC in contracting for administration, management, actuarial services, claims processing, and program evaluation related to these specialized insurance programs. Contractors providing expertise in insurance policy administration, regulatory compliance, and data management often support these efforts under G008.
Typical Buyers & Agencies for PSC G008
Federal agencies such as the Social Security Administration, Department of Veterans Affairs, Department of Labor, and the Office of Personnel Management are typical buyers under PSC G008. These agencies procure services to manage and administer various social insurance programs that provide financial security to eligible populations. They contract with private firms and non-profits to handle program administration, technology support, actuarial analysis, and claims processing, ensuring the efficient delivery of insurance benefits. The need for specialized expertise in government insurance regulations and social insurance program management drives procurement under this code.
Common Contract Types for PSC G008
Contracts under PSC G008 often utilize firm-fixed-price, cost-reimbursement, and time-and-materials contract types depending on the project scope and complexity. Indefinite delivery/indefinite quantity (IDIQ) contracts are common for ongoing program support and services. Procurement methods may include competitive bidding, task orders under existing contracts, or sole-source awards when specialized expertise is required. Typical use cases include systems modernization for insurance claim management, actuarial consulting, program outreach and education, and compliance audits, all designed to enhance the delivery and oversight of government social insurance programs.
Plain-Language Breakdown for PSC G008
- Covers specialized social insurance programs beyond traditional health or life insurance.
- Supports administration, actuarial, claims processing, and program evaluation services.
- Primarily used by agencies like SSA, VA, DOL, and OPM for social welfare insurance needs.
- Contracts often include firm-fixed-price, cost-reimbursement, and IDIQ vehicles.
- Procurement focuses on expertise in government insurance regulations and program management.
- Related NAICS codes include 524292, 541612, 541690, and 923110 for consulting and administration.
Related Categories for PSC G008
Other categories at the same level as G008
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