Corporate Volunteer Award Presented to Health Net Federal Services at the 23rd Annual Blinded American Veterans Foundation Congressional Awards Reception in Washington, D.C.

ARLINGTON, Va. -- Health Net Federal Services, LLC (Health Net), the government division of Health Net, Inc. (NYSE:HNT), announced that a Corporate Volunteer Award will be presented to Health Net today at the 23rd Annual Blinded American Veterans Foundation (BAVF) Congressional Awards Reception. The reception will be held from 11:30 a.m. to 1:30 p.m. in Room 334 of the Cannon House Office Building in Washington, D.C.

"Health Net is honored to be presented with this prestigious award from the Blinded American Veterans Foundation," said Steve Tough, president, Health Net Federal Services. "Health Net is committed to supporting community organizations that empower disabled veterans to live fulfilled and successful lives, and we are grateful to the BAVF for their dedication to helping blinded veterans achieve their full potential."

The BAVF Congressional Awards ceremony is held in conjunction with the Foundation's annual Flag Day Picnic, to be held on June 14 in Silver Spring, Md. Both events are part of the BAVF's Flag Day observances honoring Members of Congress, the media and volunteers.

"We are honored to recognize this year's award recipients for their steadfast support of veterans' rights and services," said BAVF President John Fales. "These national leaders continually stand up for the millions of women and men who have served or are now serving our country, and for their families. The entire veterans' community joins us in applauding these heroes for their friendship, trust and constant devotion to veterans' issues."

Health Net partners with the Department of Veterans Affairs (VA) to provide high quality, cost-effective health care programs serving veterans nationwide. Health Net pledges through its Community Giving Program to support events and organizations that help active duty service members, Reserve Component members, retirees, veterans, survivors and military families achieve a fit and healthy life; and honors their service and sacrifice to our nation.

For more information on Health Net's VA Programs and Community Giving Program, go to www.healthnetfederalservices.com/va.

About the Blinded American Veterans Foundation

The Blinded American Veterans Foundation (BAVF) assists blinded and sensory-disabled veterans in attaining their full potential through research, rehabilitation, and re-employment. It offers employment networking and rehabilitation and resource counseling, and provides funding for rehabilitation centers, as well as many other programs for veterans. These valuable services are performed strictly with volunteers and without a paid staff. For more information, go to www.bavf.org.

About Health Net

Health Net Federal Services, LLC, a subsidiary of Health Net, Inc., has a long history of providing cost-effective, quality managed health care programs for government agencies including the Departments of Defense and Veterans Affairs. As the managed care support contractor for the TRICARE North Region, Health Net Federal Services provides health care services to over 3 million uniformed services beneficiaries, active and retired, and their families.

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 6.8 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 6.9 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. For more information on Health Net Federal Services, please visit www.healthnetfederalservices.com.

Cautionary Statements

All statements in this press release, other than statements of historical information provided herein, including but not limited to the guidance for future periods included herein and the assumptions underlying such projections, 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, the guidance as to expected future period results and 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, rising health care costs, 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 business, issues relating to provider contracts, litigation costs, regulatory issues, operational issues, health care reform and general business 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 and subsequent Quarterly Reports on Form 10-Q filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise its guidance, the assessment of the underlying assumptions or any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.