Health Net Federal Services and MHN Government Services Receive Recognition as Corporate...

Health Net Federal Services and MHN Government Services Receive Recognition as Corporate Sponsors of the 22nd National Disabled Veterans Winter Sports Clinic

SACRAMENTO, Calif.--(Business Wire)--
Health Net Federal Services, LLC (Health Net), the government
operations division of Health Net, Inc. (NYSE:HNT), and MHN Government
Services (MHNGS), Health Net, Inc.'s behavioral health division, were
honored to receive a recognition plaque from the Department of
Veterans Affairs (VA) and the Disabled American Veterans (DAV) as Host
and Silver corporate sponsors of the 22nd National Disabled Veterans
Winter Sports Clinic held in Snowmass Village, Colo., March 30 - April
4, 2008.

Known as "Miracles on a Mountainside," the annual Winter Sports
Clinic is the largest rehabilitation event of its kind in the world,
and is open to all U.S. military veterans with severe disabilities who
receive care at VA health care facilities. Jointly sponsored by VA and
DAV, more than 400 severely disabled veterans from across the country
attended the clinic.

Health Net and MHNGS contributions helped to provide
transportation, meals and incidental expenses for more than 200
first-time veterans and nearly 30 active duty combat wounded soldiers,
and a group of employees attended the clinic to volunteer throughout
the event. MHNGS also offered on-site counseling services for veterans
and their families.

For more information:
http://www1.va.gov/vetevent/wsc/2008/default.cfm.

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 6.6 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 7.0 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.

About MHN Government Services

MHN Government Services collaborates with government entities
worldwide to deliver solutions that drive behavior change. MHN has
provided family counseling and advocacy services to military personnel
and their families since 2004, launching its Government Services
division in January 2006 to support these programs. Through the
Military and Family Life Consultant (MFLC) Program, MHNGS serves
hundreds of thousands of military personnel and families worldwide. As
a key subcontractor to the VISN 12 VetAdvisor Program (under prime
contractor ThreeWire Systems), MHNGS performs telephonic outreach and
Care Coaching support to returning Operation Iraqi Freedom and
Operation Enduring Freedom veterans in the Great Lakes area.

From supporting service members and their families as planes
arrive from and depart to war zones, to aiding victims of domestic
abuse at military installations nationwide, to supporting Department
of Defense Education Association (DoDEA) to provide MFLC services in
the DoDEA schools, Purple Camps and Guard and Reserve summer camps to
children, staff, and parents, MHNGS' solutions for military families
are unique in their global reach, flexibility and timeliness. MHNGS'
management team is based in several offices throughout the United
States and supports staff and programs at more than 100 military
installations worldwide.

For more information on MHNGS, visit www.mhngs.com.

Cautionary Statements

Health Net, Inc. and its representatives may from time to time
make written and oral forward-looking statements, including statements
contained in news releases, in Health Net's filings with the
Securities and Exchange Commission, in the company's reports to
shareholders and in meetings with investors and analysts, within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and Section 27A of the Securities Act of 1933, as amended,
that involve a number of risks and uncertainties. All statements,
other than statements of historical information provided herein, may
be deemed to be forward-looking statements. 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 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, 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 these forward-looking
statements to reflect events or circumstances that arise after the
date of this release.

Health Net Federal Services Contact:
Molly Tuttle, 916.351.5355
molly.tuttle@healthnet.com
or
MHN Government Services Contact:
Gina Clemente, 510.620.6444
gina.clemente@mhn.com

Copyright Business Wire 2008