Health Net Foundation Grants $200,000 to Help Connect Families to Health Coverage

  Health Net Foundation Grants $200,000 to Help Connect Families to Health
  Coverage

     Grant to Southern California Education Fund intended to help enroll
              individuals and their families in health coverage

Business Wire

LOS ANGELES -- June 18, 2013

Health Net Foundation, Inc., the charitable foundation of Health Net, Inc.
(NYSE:HNT), will provide a $200,000 grant to Southern California Education
Fund (SCEF).

The grant is intended to help launch a pilot program in the San Fernando and
San Gabriel valleys called Connecting Families to Health Coverage and Care, in
which trained volunteer leaders in schools, places of worship and community
groups will help enroll individuals and their family members into health care
coverage.

“This grant is expected to provide uninsured and underinsured individuals and
their families in Los Angeles County access to health care, which is
especially key as we look toward the implementation of the Covered California
health insurance exchange,” said PatriciaClarey, president of the Health Net
Foundation. “This collaboration will help provide volunteer leaders with the
training and resources necessary to assist their communities in navigating the
complex landscape of health care coverage and enroll in both public health
care plans and plans offered through Covered California.”

“This gift enables us to expand our health care enrollment strategy deeper
into the San Fernando and San Gabriel valleys, where there are large numbers
of residents in need of quality health care coverage,” said Yvette Roland,
President of the SCEF board of directors. “We are pleased that Health Net
Foundation shares our vision of helping ensure every family in Los Angeles
County has health care coverage.”

SCEF, the nonprofit education and leadership training arm of One LA, is
expected to officially launch Connecting Families to Health Coverage and Care
on Sunday, June23, 2013, at 2:30 p.m. at a mobile enrollment event featuring
local elected officials and health experts at Augustus Hawkins High School,
825 W. 60th St., Los Angeles,90044.

About Health Net

Health Net, Inc. is a publicly traded managed care organization that delivers
managed health care services through health plans and government-sponsored
managed care plans. Its mission is to help people be healthy, secure and
comfortable. Health Net provides and administers health benefits to
approximately 5.4million individuals across the country through group,
individual, Medicare (including the Medicare prescription drug benefit
commonly referred to as “Part D”), Medicaid, U.S. Department of Defense,
including TRICARE, and Veterans Affairs programs. Through its subsidiaries,
Health Net also offers behavioral health, substance abuse and employee
assistance programs, managed health care products related to prescription
drugs, 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 Health Net’s website at
www.healthnet.com.

Cautionary Statements

Health Net, Inc. and its representatives may from time to time make written
and oral forward-looking statements within the meaning of the Private
Securities Litigation Reform Act (“PSLRA”) of 1995, including statements in
this and other press releases, in presentations, filings with the Securities
and Exchange Commission (“SEC”), reports to stockholders and in meetings with
investors and analysts. 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 intended to be covered by the safe
harbor for “forward-looking statements” provided by PSLRA. These statements
are based on management’s analysis, judgment, belief and expectation only as
of the date hereof, and are subject to changes in circumstances and a number
of risks and uncertainties. Without limiting the foregoing, statements
including the words “believes,” “anticipates,” “plans,” “expects,” “may,”
“should,” “could,” “estimate,” “intend,” “feels,” “will,” “projects” and other
similar expressions are intended to identify forward-looking statements.
Actual results could differ materially from those expressed in, or implied or
projected by the forward-looking information and statements due to, among
other things, health care reform and other increased government participation
in and regulation of health benefits and managed care operations, including
the ultimate impact of the Affordable Care Act, which could materially
adversely affect Health Net’s financial condition, results of operations and
cash flows through, among other things, reduced revenues, new taxes, expanded
liability, and increased costs (including medical, administrative, technology
or other costs), and require changes to the ways in which HealthNet does
business; rising health care costs; continued slow economic growth or a
further decline in the economy; negative prior period claims reserve
developments; trends in medical care ratios; membership declines; unexpected
utilization patterns or unexpectedly severe or widespread illnesses; rate cuts
and other risks and uncertainties affecting Health Net’s Medicare or Medicaid
businesses; Health Net’s ability to successfully participate in California’s
Coordinated Care Initiative, the Covered California health insurance exchange
and/or Arizona’s Medicaid program; litigation costs; regulatory issues with
federal and state agencies including, but not limited to, the California
Department of Managed Health Care, the Centers for Medicare & Medicaid
Services, the Office of Civil Rights of the U.S. Department of Health and
Human Services and state departments of insurance; operational issues; failure
to effectively oversee our third-party vendors; noncompliance by Health Net or
Health Net’s business associates with any privacy laws or any security breach
involving the misappropriation, loss or other unauthorized use or disclosure
of confidential information; liabilities incurred in connection with Health
Net’s divested operations; impairment of Health Net’s goodwill or other
intangible assets; investment portfolio impairment charges; volatility in the
financial markets; 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 Health Net’s
most recent Annual Report on Form 10-K and subsequent Quarterly Report on Form
10-Q filed with the SEC, and the other risks discussed in Health Net’s filings
with the SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements. Except as may be required by law, Health Net
undertakes no obligation to address or publicly update any forward-looking
statements to reflect events or circumstances that arise after the date of
this press release.

Contact:

Health Net, Inc.
Lori Rieger, 602-794-1415
lori.rieger@healthnet.com
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