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July 22, 2016 at 11:00 AM
Managers of the Tricare military health benefits program have awarded the administration contract for the program’s East region to a unit of Humana, and the contract for the program’s West region to a unit of Centene Corp.
Tricare is a federal program that provides health and dental benefits for military personnel, reservists, the dependents of military personnel, and military retirees.
Each regional contract starts with a nine-month coverage base period and includes up to five one-year contract extension options.
The East region contract that Humana won has a potential value of $40.5 billion, according to the Defense Health Agency, an arm of the U.S. Department of Defense.
The West Region contract could be worth $17.7 billion.
Centene, the winner of the West region contract, would handle the contract through its Health Net Federal Services unit. Centene acquired Health Net, the federal services unit’s parent, in March.
Related: Centene completes Health Net acquisition
The two regional programs could provide health coverage for a total of about 9.2 million people, according to a program bid solicitation package.
