Health Net Announces Appearance at Upcoming Conference

LOS ANGELES--(Business Wire)--
Health Net, Inc. (NYSE:HNT) announced today that members of its management team
are scheduled to present at the Credit Suisse 18th Annual Healthcare Conference
on November 12, 2009, at 12:00 p.m. Mountain time.

A live webcast and replay of the presentation and the presentation slides will
be available at www.healthnet.com under "Investor Relations." The webcast is
open to all interested parties. The webcast should be accessed at least 15
minutes prior to its start time. Anyone listening to the webcast will be
presumed to have read Health Net`s Annual Report on Form 10-K for the year ended
December 31, 2008, Quarterly Reports on Form 10-Q for the quarters ended March
31, 2009, and June 30, 2009, and other reports filed by the company from time to
time with the Securities and Exchange Commission.

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 6.6 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 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,
any failure to close the pending sale of our Northeast business; costs, fees and
expenses related to the pending sale and proposed post-closing administrative
services; potential termination of our TRICARE North operations; rising health
care costs; a continued decline in the economy; negative prior period claims
reserve developments; investment portfolio impairment charges; volatility in the
financial markets; 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; health care reform; 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,
subsequent quarterly reports on Form 10-Q, and the risks discussed in the
company`s other filings with the Securities and Exchange Commission. 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.

Health Net, Inc.
Investor Contact:
Angie McCabe
818-676-8692
angie.mccabe@healthnet.com
or
Media Contact:
Margita Thompson
818-676-7912
margita.thompson@healthnet.com

Copyright Business Wire 2009