Health Net Federal Services Donates $100,000 to Build the Fort Campbell Fisher House

Business Wire, June 6, 2006

SACRAMENTO, Calif. -- Today, Health Net Federal Services (HNFS), the government operations division of Health Net, Inc. (NYSE:HNT), announces a $100,000 donation to the new Fort Campbell, Kentucky, Fisher House at the dedication ceremony. Supporting America's military in their time of need, the Fisher House Foundation provides "a home away from home" for families of patients receiving medical care at major military and VA medical centers across the nation.

"We are proud to support programs such as the Fisher House that work hard to ensure military families have a sense of home when traveling to be near a loved one who is hospitalized," said Steve Tough, president, Health Net Federal Services. "The Fisher House at Fort Campbell will be a tremendous asset and welcome service to our military families. We work hard to serve this community and the beneficiaries located here, so being a part of providing these accommodations is quite an honor."

The newly built Fort Campbell Fisher House is approximately 8,000 square feet and can house up to 16 people. It was designed as a ranch style - a one-story structure to accommodate disabled guests and to blend in with the surrounding buildings. For more information about this and other Fisher House locations, visit www.fisherhouse.org.

The mission of Health Net's giving program is "Supporting Those Who Support Our Military Heroes." Health Net believes that our service members could not do what they do without the support of their families. We pledge, through charitable giving, to improve their quality of life by supporting programs that help active duty and retired military families achieve a fit and healthy life and otherwise honor their service to our nation.

About Health Net

Health Net Federal Services, a subsidiary of Health Net, Inc., has a long history of providing cost-effective and quality managed health care programs for government agencies, including the Department of Defense and Veterans Affairs. As the managed care support contractor for the TRICARE North Region, Health Net 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 HMO, POS, insured PPO and government contracts subsidiaries provide health benefits to approximately 6.6 million individuals in 27 states and the District of Columbia through group, individual, Medicare, Medicaid and TRICARE programs. Health Net's behavioral health services subsidiary, MHN, provides behavioral health, substance abuse and employee assistance programs (EAPs) to approximately 7.3 million individuals in various states, including the company's own health plan members. 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

Certain matters discussed in this release contain forward-looking statements 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, 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 filed with the SEC and the risks discussed in the company's other periodic filings 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.