Health Net Federal Services Statement on TRICARE Award Announcement

SACRAMENTO, Calif.--(Business Wire)--
Health Net Federal Services, LLC, the government operations division of Health
Net, Inc. (NYSE:HNT), released the following statement today in response to the
Department of Defense`s release of the TRICARE contract awards:

"Health Net Federal Services is disappointed not to be selected by TRICARE
Management Activity (TMA) for the Managed Care Support Contractor in the TRICARE
North Region. We anticipate that a debriefing will be conducted within the next
couple weeks. We will consider the information provided at the debriefing, and
within two weeks following, we will determine whether we will accept or
challenge the award decision," said Steven Tough, president, Health Net Federal
Services.

About Health Net Federal Services

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 nearly 3.0 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. Health Net, Inc.`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 6.7 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
http://www.healthnet.com/. For more information on Health Net Federal Services,
please visithttp://www.healthnetfederalservices.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,
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 business, 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, and the risks discussed in the company`s other filings from time to
time 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.

Media Contacts:
Health Net, Inc.
Margita Thompson, 818-676-7912
margita.thompson@healthnet.com
Health Net Federal Services, LLC
Molly Tuttle, 916-351-5355
molly.tuttle@healthnet.com
or
Investor Contact:
Health Net, Inc.
Angie McCabe, 818-676-8692
angeline.c.mccabe@healthnet.com

Copyright Business Wire 2009