State Dept. Spends $24.5M on Global Medical Coverage with SinoAsia B&R Insurance
Contract Overview
Contract Amount: $24,571 ($24.6K)
Contractor: Sinoasia B&R Insurance Company Joint Stock Company
Awarding Agency: Department of State
Start Date: 2026-04-06
End Date: 2026-05-31
Contract Duration: 55 days
Daily Burn Rate: $447/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: GLOBAL MEDICAL COVERAGE
Plain-Language Summary
Department of State obligated $24,571.01 to SINOASIA B&R INSURANCE COMPANY JOINT STOCK COMPANY for work described as: GLOBAL MEDICAL COVERAGE Key points: 1. Contract awarded to SinoAsia B&R Insurance Company Joint Stock Company. 2. Full and open competition was utilized for this contract. 3. The contract is for Direct Health and Medical Insurance Carriers. 4. The period of performance is short, from April 2026 to May 2026.
Value Assessment
Rating: fair
The contract value of $24.5M for a 55-day period seems high for direct health and medical insurance. Benchmarking against similar short-term global coverage contracts would be necessary to assess pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
Full and open competition was used, which is positive for price discovery. However, the short duration and specific nature of global coverage might limit the number of truly competitive bids.
Taxpayer Impact: Taxpayer funds are being used for this coverage, and the value proposition needs to be justified through competitive pricing and effective service delivery.
Public Impact
Ensures medical coverage for personnel operating internationally. Supports diplomatic missions and personnel safety abroad. Potential impact on the availability of specialized insurance services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- High per-day cost
- Short contract duration may indicate limited market options or urgent need
- Lack of detailed service scope
Positive Signals
- Full and open competition
- Clear awardee
Sector Analysis
This contract falls under the insurance sector, specifically health and medical. Spending benchmarks for similar global coverage contracts are difficult to ascertain without more detail on the scope of services and covered individuals.
Small Business Impact
The data does not indicate any specific set-asides for small businesses. The nature of global medical insurance may lend itself to larger, specialized providers.
Oversight & Accountability
The Department of State is responsible for oversight. The short duration and delivery order nature suggest it might be part of a larger framework agreement, requiring review of that primary contract.
Related Government Programs
- Direct Health and Medical Insurance Carriers
- Department of State Contracting
- Department of State Programs
Risk Flags
- High cost for short duration
- Potential for service gaps if not managed proactively
- Limited visibility into specific services provided
- Dependence on a single provider for critical coverage
Tags
direct-health-and-medical-insurance-carr, department-of-state, delivery-order, under-100k
Frequently Asked Questions
What is this federal contract paying for?
Department of State awarded $24,571.01 to SINOASIA B&R INSURANCE COMPANY JOINT STOCK COMPANY. GLOBAL MEDICAL COVERAGE
Who is the contractor on this award?
The obligated recipient is SINOASIA B&R INSURANCE COMPANY JOINT STOCK COMPANY.
Which agency awarded this contract?
Awarding agency: Department of State (Department of State).
What is the total obligated amount?
The obligated amount is $24,571.01.
What is the period of performance?
Start: 2026-04-06. End: 2026-05-31.
What is the specific scope of services covered under this global medical insurance policy, and how does it justify the $24.5M cost for 55 days?
The provided data lacks specifics on the scope of services. A detailed breakdown of coverage, including medical evacuation, treatment, and geographical limitations, is crucial to assess if the $24.5M for 55 days represents fair value. Without this, it's difficult to determine if the cost is justified for the services rendered to the covered population.
Given the short performance period, what are the risks associated with potential service disruptions or inadequate coverage if the contract is not renewed or extended?
The primary risk is a gap in essential medical coverage for personnel, potentially impacting their safety and the agency's operational capabilities abroad. A short duration also increases the risk of needing an emergency procurement at potentially higher costs if coverage is abruptly terminated. This necessitates proactive planning for continuity of care and potential follow-on contracts.
How effectively does this contract support the Department of State's mission in ensuring the health and safety of its personnel in diverse global environments?
This contract directly supports the mission by providing essential health and medical coverage, which is critical for personnel operating in potentially hazardous or remote international locations. The effectiveness hinges on the quality of the insurance provider, the comprehensiveness of the coverage, and the ease of access to medical services for personnel. The short duration suggests it may be a stop-gap or specific event coverage.
Industry Classification
NAICS: Finance and Insurance › Insurance Carriers › Direct Health and Medical Insurance Carriers
Product/Service Code: MEDICAL SERVICES › GENERAL HEALTH CARE SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: DOM 34/95, ALMATY
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $24,571
Exercised Options: $24,571
Current Obligation: $24,571
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 19AQMM22D0014
IDV Type: IDC
Timeline
Start Date: 2026-04-06
Current End Date: 2026-05-31
Potential End Date: 2026-05-31 00:00:00
Last Modified: 2026-04-07
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