BETHESDA, Md.--(BUSINESS WIRE)--Coventry Health Care, Inc. (NYSE:CVH - News) today announced that it was selected by the Pennsylvania Employee Benefit Trust Fund (PEBTF) to provide health insurance to approximately 50,000 of its retirees through a Medicare Advantage Private-Fee-for-Service plan effective April 1, 2008.

“We are extremely pleased to enter into this relationship with PEBTF,” said Fran Soistman, Jr., executive vice president of Coventry Health Care. “Coventry Health Care looks forward to offering PEBTF’s retirees and spouses the excellent value proposition that the Advantra Freedom Private Fee-For-Service product provides.”

Under the customized retiree benefit plan, comprehensive medical coverage will be offered with network freedom along with access to a 24-hour nurse line, enhanced clinical programs (voluntary disease and case management programs), and wellness programs. The retiree benefit plan also will offer free health risk assessments, social worker support and targeted support for those with serious medical needs.

Consistent with the Company's presentation today at the JPMorgan Investor Conference, Coventry Health Care continues to project growth of 100,000 net Medicare Advantage members in 2008.

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are defined as statements that are not historical facts and include those statements relating to future events or future financial performance. Actual performance may be significantly impacted by certain risks and uncertainties, including those described in Coventry’s Annual Report on Form 10-K for the year ended December 31, 2006 and Coventry’s Form 10-Q for the quarter ended September 30, 2007. Coventry undertakes no obligation to update or revise any forward-looking statements.

Coventry Health Care (www.cvty.com) is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers’ compensation services companies. Through its Commercial Business, Individual Consumer & Government Business, and Specialty Business divisions, Coventry provides a full range of risk and fee-based managed care products and services to a broad cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators.

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Source: Coventry Health Care, Inc.

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