General Dynamics Awarded CMS Benefits Coordination & Recovery Center Contract - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 21, 2019 Newswires
Share
Share
Post
Email

General Dynamics Awarded CMS Benefits Coordination & Recovery Center Contract

PR Newswire

FALLS CHURCH, Va., June 21, 2019 /PRNewswire/ -- General Dynamics Information Technology (GDIT) announced today it will continue supporting the Centers for Medicare and Medicaid Services (CMS) through their Benefits Coordination & Recovery Center (BCRC) contract. The single-award contract holds a total estimated value of $276.5 million. It includes a one-year base period with four one-year options.

"We are excited to continue our work with CMS and provide innovative ways to safeguard the Medicare trust fund for future generations," said Vice President Kamal Narang, head of GDIT's Health Sector.

GDIT has supported CMS's Coordination of Benefits & Recovery (COB&R) programs since 1991. The BCRC is responsible for all activities that support the collection, management and reporting of other insurance coverage for Medicare beneficiaries. The BCRC also oversees the collection of conditional payments or mistaken primary payments.

Through this contract, GDIT will continue providing customer support services to Medicare beneficiaries and other stakeholders, as well as mail room services, digital imaging, debt determination and collection, electronic data interchange (EDI) support and other special projects.

Medicare is a nationwide, federal health insurance program enacted in 1965 for persons 65 years of age or older and certain younger disabled persons. The Medicare trust fund finances health services for these beneficiaries through payroll taxes, general tax revenue and the premiums paid by enrollees.

A report by CMS's Chief Financial Officer found the Medicare trust fund saved over $8.5 billion in 2017 by properly coordinating benefits prior to payment and recovering funds on a post-payment basis. This was achieved through the collective efforts of CMS and COB&R contractors.

For more information about General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), please visit www.gdit.com.

 

General Dynamics (PRNewsFoto/General Dynamics) (PRNewsFoto/General Dynamics)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/general-dynamics-awarded-cms-benefits-coordination--recovery-center-contract-300872528.html

SOURCE General Dynamics Information Technology

Older

AM Best Upgrades Issuer Credit Rating of Orient Insurance PJSC and Assigns Credit Ratings to Orient Takaful Insurance Company (S.A.E.)

Newer

New owner approved for SD nursing homes in receivership

Advisor News

  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
  • Will rising retirement needs spark an annuity boom?
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity News

Health/Employee Benefits News

  • Mark Farrah Associates Analyzed the 2025 Medicare Supplement Market
  • 3 Million Seniors Lost Their Medicare Advantage Plan in 2026: 7 Moves to Make Before Your Coverage Lapses
  • Local drop in ACA coverage among highest in state
  • Agent groups speak out against congresswoman’s call to limit MA compensation
  • A Brooklyn Health Clinic Offers a Safety Net For New Yorkers That May Lose Insurance
More Health/Employee Benefits News

Life Insurance News

  • Appeals court rejects investor payouts in latest decision against STOLI
  • Why premium-financed IUL is failing
  • AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet