Coventry, Policyholders Agree To $3.3M Deal Over Copays

Law360, New York (March 6, 2012, 4:01 PM EST) -- Coventry Health Care of Kansas Inc. will pay up to $3.3 million to settle a Missouri class action over the insurer's allegedly improperly excessive copayments, the company said Monday.

The parties submitted a joint settlement motion outlining their agreement to settle after extensive and protracted arms-length negotiation, which will include a fund of nearly $2.7 million to make payments to up to 144,000 members of the settlement class, which alleged that Coventry had overcharged for copayments.

The insurer was accused of violating governing plan documents and...
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