WPS awarded new $383 million TRICARE contract

Madison-based Wisconsin Physicians Service Insurance Corp. has been awarded a new contract to provide TRICARE Medicare Eligible Program services with a total estimated value of $383,248,709, according to a release from the U.S. Department of Defense. WPS will continue to provide claims processing and associated customer support services for beneficiaries who are eligible for both Medicare and TRICARE benefits in the U.S., Puerto Rico, Guam, the U.S. Virgin Islands, America Samoa, and the Northern Mariana Islands. The contract base period began May 1, 2021, and runs through April 30, 2022, with option periods continuing through April 30, 2028.