Health Net Partners with Providence Bruins for Second Season to Honor Troops from New England

PROVIDENCE, R.I.--(BUSINESS WIRE)--Health Net Federal Services, LLC, the government operations division of Health Net, Inc. (NYSE:HNT), today announced its partnership with the Providence Bruins hockey team for the second year in a row to recognize United States service members and their families in the New England region.

“Health Net Federal Services is extremely proud to partner with the Providence Bruins for a second consecutive season to honor our troops and show them how much we value their contribution to our country,” said Nate Nygaard, vice president of Operations in the Northeast for Health Net Federal Services. “We were overwhelmed by the incredible response to last year’s program and the appreciation shown by our service members in New England, their families and the fans. We couldn’t wait to extend this partnership for another season.”

Health Net and the Providence Bruins will honor one family from the Rhode Island National Guard or Newport Naval Station at each of this season’s 40 home games with tickets and special recognition, beginning with tonight’s game against the Lowell Devils.

“The Providence Bruins are proud to partner with Health Net Federal Services for a second straight season. We believe it is very important to honor the men and women who serve our country, and we hope they continue to enjoy the Providence Bruins games and the new Dunkin’ Donuts Center,” said Kevin Boryczki, vice president of Marketing and Public Relations, Providence Bruins.

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 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 health plans and government contracts subsidiaries provide health benefits to approximately 6.7 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 6.9 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.

About MHN

MHN Government Services (MHNGS), a division of MHN, Inc., collaborates with government entities worldwide to deliver solutions that drive behavior change. MHNGS has provided family counseling and victim advocacy services to military personnel and their families since 2004. MHN launched its Government Services division in January 2006 to support these programs.

Through the Military & Family Life Consultant Program (MFLC) and Domestic Abuse Victim Advocacy program (DAVA), MHN serves hundreds of thousands of military personnel and their families worldwide. From supporting service members and their families as planes arrive from and depart to war zones to aiding victims of abuse or sexual assault at military installations nationwide, MHN’s solutions for military families are unique in their global reach, flexibility and timeliness. MHN’s management team is based in several offices throughout the United States and supports staff and programs at more than 100 military installations worldwide.

MHNGS is a government-approved vendor operating as a Prime or a subcontractor, and is interested in working with small and disadvantaged businesses. To learn more about MHN, please visit www.mhn.com.

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

All statements in this press release, 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, 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 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 Securities Exchange Commission. 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.