Health Net Federal Services and MHN Sponsor the 24th National Disabled Veterans Winter Sports Clinic

Health Net Federal Services, LLC, part of the Government Contracts segment of Health Net, Inc. (NYSE:HNT), and Managed Health Network, Inc., Health Net’s behavioral health subsidiary (MHN), are honored to serve as host sponsors of the 24th National Disabled Veterans Winter Sports Clinic in Snowmass Village, Colo., March 28 – April 2, 2010. Health Net Federal Services and MHN’s support will help nearly 150 first-time veterans attend the clinic. Health Net Federal Services is pleased to support the Winter Sports Clinic for the fifth time as a part of its ongoing commitment to serving veterans and programs that improve their quality of life.

"We applaud the courage and commitment of the veterans, their family members and caregivers as they demonstrate that having a visual or physical disability is not an obstacle to an active, rewarding life,” said Steve Tough, president, Health Net Federal Services. "Through MHN and Health Net Federal Services, Health Net is proud to continue our tradition of supporting veterans with disabilities by helping them to attend this annual event that inspires courage and confidence.”

Because Health Net recognizes the benefits of a holistic approach to wellness, its behavioral health subsidiary, MHN, will provide on-site health coaches to offer support and education for participating veterans and their families. The coaches will deliver an educational presentation and provide support and coaching to attendees, their family members and caregivers to help them respond to life’s challenges through positive coping techniques and stress management.

The clinic is open to U.S. military veterans with traumatic brain injuries, spinal cord injuries or disease, orthopedic amputations, visual impairments, certain neurological conditions, and other disabilities, who receive care at a Department of Veterans Affairs (VA) medical facility or military treatment facility.

More than 350 athletes are expected to participate in the clinic this year. All participants develop winter sports skills and take part in a variety of workshops and educational sessions that will positively impact their rehabilitative journey and readjustment in their communities. For veterans recently injured during Operation Iraqi Freedom and Operation Enduring Freedom, the clinic provides an opportunity to test their new-found abilities and develop new lifestyle skills.

For more information on the 24th National Disabled Veterans Winter Sports Clinic, please visit http://www1.va.gov/vetevent/wsc/2010/.

About Health Net

Health Net, Inc. is among the nation’s largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. The company’s health plans and government contracts subsidiaries provide health benefits to approximately 6.1 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. Health Net’s behavioral health subsidiary, MHN, provides mental health benefits to approximately 6.5 million individuals in all 50 states. The company’s subsidiaries also offer managed health care products related to prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.

For more information on Health Net, Inc., please visit the company’s Web site at www.healthnet.com.

Cautionary Statements

All statements in this press release, other than statements of historical information provided herein, may be deemed to be forward-looking statements and as such are subject to a number of risks and uncertainties. These statements are based on management’s analysis, judgment, belief and expectation only as of the date hereof, and are subject to uncertainty and changes in circumstances. Without limiting the foregoing, statements including the words "believes,” "anticipates,” "plans,” "expects,” "may,” "should,” "could,” "estimate,” "intend” and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, costs, fees and expenses related to the post-closing administrative services to be provided under the administrative services agreements entered into in connection with the sale of our Northeast business; potential termination of the administrative services agreements by the service recipients should we breach such agreements or fail to perform all or a material part of the services required thereunder; any liabilities of the Northeast business that were incurred prior to the closing of its sale as well as those liabilities incurred through the winding-up and running-out period of the Northeast business; potential termination of our TRICARE North operations; health care reform; rising health care costs; continued recessionary economic conditions or a further decline in the economy; negative prior period claims reserve developments; trends in medical care ratios; unexpected utilization patterns or unexpectedly severe or widespread illnesses; membership declines; rate cuts affecting our Medicare or Medicaid businesses; litigation costs; regulatory issues; operational issues; investment portfolio impairment charges; volatility in the financial markets; and general business and market conditions. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the "Risk Factors” section included within the company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC”), and the risks discussed in the company’s other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.

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