2022 Edition

national industry 524292

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

Overview

This U.S. industry comprises establishments primarily engaged in providing pharmacy benefit management (PBM) services and other third party administration services of insurance and pension funds, such as claims processing and other administrative services to insurance carriers, employee benefit plans, and self-insurance funds.

The immediate parent of national industry 524292 is international industry 52429: Other Insurance Related Activities

2022 NAICS Edition Cross References

  • Managing the portfolio assets (i.e., funds) of others--are classified in Industry 523940, Portfolio Management and Investment Advice;
  • Initially underwriting health and medical insurance policies--are classified in U.S. Industry 524114, Direct Health and Medical Insurance Carriers;
  • Retailing prescription and nonprescription drugs and medicines--are classified in Industry 456110, Pharmacies and Drug Retailers;
  • Providing insurance actuarial services--are classified in U.S. Industry 524298, All Other Insurance Related Activities; and
  • Providing actuarial consulting services--are classified in U.S. Industry 541612, Human Resources Consulting Services.

Sub-Descriptions

  1. 524292 - Claims processing services, insurance, third party
  2. 524292 - Employee benefit plans, third party administrative processing services
  3. 524292 - Insurance claims processing services, third party
  4. 524292 - Insurance fund, third party administrative services (except claims adjusting only)
  5. 524292 - Insurance plan administrative services (except claims adjusting only), third party
  6. 524292 - Pension fund, third party administrative services
  7. 524292 - Pharmacy Benefit Management (PBM) services

History

The NAICS editions in which this code was present are indicated below. In the event that a code was changed from the prior edition the equivalent value in that edition is provided for reference.

Edition Existed Equivalent Value
2002 524292
2007 524292
2012 524292
2017 524292
2022 524292

Standard Industrial Classification (SIC) Mappings

  1. 6371 - Pension, Health, and Welfare Funds
  2. 6411 - Insurance Agents, Brokers, and Service

Insurance Industry Mappings

The US Property and Casualty Insurance Industry may use the following classification descriptions which might encompass national industry 524292, Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds:

  1. agency brokerage and other insurance related activity
  2. finance and insurance
  3. insurance agent broker and service
  4. insurance carrier and related activity
  5. other insurance related activity
  6. pension health and welfare fund
  7. pension health and welfare plan labor union
  8. pension health and welfare plan other than labor union
  9. pension welfare retirement benefit fund for labour union
  10. pension welfare retirement benefit fund labour union
  11. pension welfare retirement benefit fund not for labour union
  12. pension welfare retirement benefit fund not labour union
  13. retirement pension welfare benefit fund labour union
  14. retirement pension welfare benefit fund not labour union
  15. third party administration of insurance and pension fund
  16. third party administration of insurance and pension fund naic
  17. third party administrator
  18. welfare pension retirement benefit fund labour union
  19. welfare pension retirement benefit fund not labour union

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