Health Net Proudly Sponsors the 29th National Veterans Wheelchair Games

RANCHO CORDOVA, Calif.--(BUSINESS WIRE)--Health Net Federal Services, LLC, the government operations division of Health Net, Inc. (NYSE:HNT), today announced its sponsorship of the 29th National Veterans Wheelchair Games in Spokane, Wash., July 13-18. The event is the largest annual wheelchair sports event in the world, attracting more than 500 military veterans who use wheelchairs due to spinal cord injuries, amputations or certain neurological problems.

“We are dedicated to helping veterans achieve a fit and healthy life, and we honor their service to our country.”

“Health Net salutes the determination, courage and success of veterans with disabilities participating in the 29^th National Veterans Wheelchair Games,” said Steve Tough, president, Health Net Federal Services. “We are dedicated to helping veterans achieve a fit and healthy life, and we honor their service to our country.”

In addition to the sponsorship, Health Net Federal Services is contributing to the Paralyzed Veterans of America (PVA) Rehabilitation Fund to assist recently disabled veterans returning from Iraq or Afghanistan to participate in the Wheelchair Games. Two of these athletes will be sponsored directly from Health Net Federal Services’ contributions to the fund.

During the five-day multi-event sports and rehabilitation program, veterans compete in games such as swimming, table tennis, archery, bowling, basketball, power soccer, wheelchair slalom and quad rugby. The National Veterans Wheelchair Games event is presented by the Department of Veterans Affairs (VA) and PVA and is supported by corporate, civic and veterans service organizations (VSOs).

Health Net pledges through its Community Giving Program to support events and organizations that help active duty service members, Reserve Component members, retirees, veterans, survivors and military families achieve a fit and healthy life, and honors their service and sacrifice to our nation.

For more information on Health Net’s VA Programs and Community Giving Program, go to www.healthnetfederalservices.com/va.

About Health Net’s VA Programs

Health Net is proud to partner with the VA to provide high quality, cost-effective health care programs serving veterans nationwide. Health Net Federal Services has proudly supported VA Community Based Outpatient Clinics for more than 12 years and continuously strives for outstanding patient access, quality health care and patient satisfaction.

Health Net Federal Services also provides claims repricing services as a subcontractor for its Service Disabled Veteran-Owned Small Business partners for five regional contracts across the U.S. and provides Diagnosis Related Group (DRG) hospital claims validations for VA’s National DRG Recovery Audit Program.

About Health Net

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 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 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 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, 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 subsequent quarterly reports on Form 10-Q filed 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.

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