Contractor profile

New Jersey Department of Banking and Insurance

FY2026 ended Sep 30 · data still posting · data as of 2026-11-01†

† DoD contract data posts to USAspending about 90 days after award.

recipient of federal grants and awards · UEI FK41NVNHJJX5 Source
$669.1M
Obligated
FY2026 · data still posting
1
Funding agencies
100%
From Health and Hum…
1
States
100%
In New Jersey

In FY2026, New Jersey Department of Banking and Insurance received $669.1M in federal grants and awards from the Department of Health and Human Services, with 100% of the work performed in New Jersey. Across FY2020 to FY2026 its recorded total is $3B. FY2026 ended Sep 30 and its data is still posting. Computed

Where this money comes from

Source
FUNDING AGENCIES
NEW JERSEY DEPARTMENT OF
HHS
$0.7B
New Jersey Department of Banking and Insurance
$0.7B
FY2026 obligated
band width = obligations · FY2026 · source: USASpending.gov

Where the work lands

Source
New Jersey$669.1M

Key takeaways

Computed
FY2026 ended Sep 30 · data still posting · data as of 2026-11-01
  • New Jersey Department of Banking and Insurance received $669.1M in federal obligations in FY2026 (data still posting), compared with $554.8M in FY2025.
  • The Department of Health and Human Services accounted for 100% of it.
  • Its largest recorded assistance program was 1332 State Innovation Waivers, at $669.1M.
  • New Jersey was its largest place of performance, with 100% of the work.

Obligations by year

Computed
$190M
FY20
$225M
FY21
$381.9M
FY22
$375.3M
FY23
$609.5M
FY24
$554.8M
FY25
$669.1M
FY26 partial
▲ 192%
FY20 to FY25

Awards

Source

Largest active awards by total value

Awards whose period of performance overlaps FY2026, by the amount obligated on each so far.

AwardIDAgencyObligatedStartEndPlace
State Innovation Waiver Under Section 1332 of the Affordable Care ActSIWIW190007Department of Health and Human Services$3.2B2019-01-012028-12-31New Jersey

Largest FY2026 awards

Awards that started in FY2026, by the amount obligated on each so far.

No award on record started in FY2026.

What it does (NAICS / PSC)

1332 State Innovation Waivers$669.1M

Corporate family

Single registration: no combined family.

Related

Why the labels? The graph is only worth anything if the links are trusted. Facts taken straight from a federal filing are Source; figures we calculate are Computed; links we infer (corporate parents, districts, similar contractors, connections between records) are Inferred, worded carefully, never asserted as fact and never a claim that one thing caused another. Spot an error? Tell us.