NAICS Code 524114-06 - Insurance Senior Citizens

Marketing Level - NAICS 8-Digit

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  • Company Name
  • Contact Name (where available)
  • Job Title (where available)
  • Full Business & Mailing Address
  • Business Phone Number
  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
  • Sales Volume
  • Employee Count
  • Website (where available)
  • Years in Business
  • Location Type (HQ, Branch, Subsidiary)
  • Modeled Credit Rating
  • Public / Private Status
  • Latitude / Longitude
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Looking for more companies? See NAICS 524114 - Direct Health and Medical Insurance Carriers - 1,107 companies, 87,265 emails.

NAICS Code 524114-06 Description (8-Digit)

Insurance Senior Citizens is a subdivision of Direct Health and Medical Insurance Carriers industry that specializes in providing health and medical insurance coverage to senior citizens. This industry caters to the healthcare needs of individuals aged 65 and above, who are eligible for Medicare, a federal health insurance program for seniors. Insurance Senior Citizens companies offer a range of insurance products that cover hospitalization, medical treatments, prescription drugs, and other healthcare services that are not covered by Medicare.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 524114 page

Tools

Tools commonly used in the Insurance Senior Citizens industry for day-to-day tasks and operations.

  • Medicare.gov
  • Actuarial software
  • Electronic health records (EHR)
  • Claims processing software
  • Underwriting software
  • Risk management software
  • Customer relationship management (CRM) software
  • Data analytics tools
  • Compliance management software
  • Fraud detection software

Industry Examples of Insurance Senior Citizens

Common products and services typical of NAICS Code 524114-06, illustrating the main business activities and contributions to the market.

  • Medicare supplement insurance
  • Long-term care insurance
  • Prescription drug plans
  • Dental insurance for seniors
  • Vision insurance for seniors
  • Home healthcare insurance
  • Hospice care insurance
  • Critical illness insurance
  • Cancer insurance
  • Disability insurance for seniors

History

A concise historical narrative of NAICS Code 524114-06 covering global milestones and recent developments within the United States.

  • The "Insurance Senior Citizens" industry has a long history dating back to the early 20th century when the first senior citizen insurance policies were introduced in the United States. These policies were designed to provide coverage for medical expenses and other costs associated with aging. In the 1960s, the US government introduced Medicare, a federal health insurance program for people over 65, which significantly impacted the industry. In recent years, the industry has seen advancements in technology, such as the use of telemedicine, to provide better care for senior citizens. Additionally, there has been a shift towards more personalized and tailored insurance policies to meet the unique needs of senior citizens.