Health Net Partners with Stanford University to Provide Health Care Coverage to Students

Health Net of California, Inc. announced today a partnership with Stanford University to provide health benefits to the university’s undergraduate and graduate students, effective September 1, 2010.

"The student health benefits market has been a growing focus for Health Net, and we have worked diligently to develop a core competency in serving this population,” said Steven Sell, president, Health Net of California. "Winning this account demonstrates our ability to offer health care coverage that meets the specific needs of the student population, including affordability and access to high quality physicians and hospitals.”

Health Net replaces Aetna, Inc. as the administrator of Cardinal Care, Stanford’s comprehensive medical and prescription benefits health plan. Approximately, 8,000 students are enrolled in Cardinal Care, which complements services provided on campus at the Vaden Health Center.

New for the 2010-2011 school year, the university will offer a health plan for the spouses, domestic partners and children of Stanford students. This plan will be administered by Health Net Life Insurance Company.

About Health Net

Health Net of California, Inc., a subsidiary of Health Net, Inc. (NYSE:HNT), is one of the largest health plans in the state. Together with Health Net Life Insurance Company, it serves more than 2.2 million members statewide, and contracts with more than 56,000 physicians, 300-plus hospitals and nearly 5,000 pharmacies, giving its members greater choice and more convenient access to care. Its commercial HMO and POS, Medicare and Medicaid lines of business have received the "excellent” accreditation status from the National Committee for Quality Assurance.

For more information about Health Net, visit its Web site at http://www.healthnet.com/.