Health Net Federal Services and MHN Sponsor the 23rd National Disabled Veterans Winter Sports Clinic

Business Wire, March 27, 2009

For more information on Health Net, Inc., please visit the company’s Web site at www.healthnet.com.

About MHN

As the behavioral health subsidiary of Health Net, MHN provides comprehensive behavioral-change solutions for individuals and organizations, including managed behavioral health and employee assistance programs workplace productivity solutions. MHN has provided family counseling and advocacy services to military personnel and their families since 2004, and launched its Government Services division in January 2006 to support these programs. The Military & Family Life Consultant Program continues to serve and support hundreds of thousands of military personnel and families across the nation and abroad. For more information, visit www.mhn.com and www.mhngs.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, negative prior period claims reserve developments, additional investment portfolio impairment charges, changes in the economy, 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, issues relating to provider contracts, 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. 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.

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