FEHBP Business News

Coventry Health Care, Inc., announced this morning that it is acquiring from Mutual of Omaha its nationwide FEHB plan business and its employer sponsored group health plan business in Nebraska and Iowa. Mutual of Omaha serves as the underwriter for several employee organization sponsored FEHB plans, including the Rural Letter Carriers Plan and the Foreign Service Benefit Plan. Coventry, through subsidiaries, underwrites another employee organization sponsored FEHB plan the Mail Handlers Benefit Plan.