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Health Net Voted One of Top 50 Most Military Friendly Employers By GI Jobs

Posted on: Wednesday, 12 November 2008, 09:00 CST

Health Net, Inc. (NYSE:HNT) today announced its selection as one of the Top 50 Most Military Friendly Employers for 2008 by GI Jobs.

"Health Net is very proud to be honored as a Top 50 Most Military Friendly Employer. Recognition through GI Jobs complements Health Net's commitment to embrace veterans, spouses of active duty service members, and Guard and Reserve members in the workplace and to promote education, awareness and programs that advocate for the rights and benefits of our military personnel and their families," said Jay Gellert, president and chief executive officer, Health Net, Inc. "It is with much gratitude and respect that Health Net thanks our military personnel and their families for their service to our country."

Health Net ranked number 33 out of nearly 2,500 companies, each with an annual revenue exceeding $1 billion, considered for the honor. Selection was based on company criteria including strength of company military recruiting efforts, percentage of hires with prior military service, company policies toward National Guard and Reserve members and commitment to veterans and military families.

Visit http://www.gijobs.net/content/top50.cfm to view GI Jobs' 2008 Top 50 Most Military Friendly Employers.

About Health Net

Health Net Federal Services, 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 7.0 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. 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 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 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.

Source: Business Wire

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