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Health Net of the Northeast New Title Sponsor of Nutmeg State Games; Multi-Year Deal Signed

Posted on: Tuesday, 18 July 2006, 09:00 CDT

The Nutmeg State Games, the largest amateur sporting event in Connecticut, welcomes Health Net of the Northeast, one of the largest health plans in Connecticut, as its official 2006 title sponsor. Health Net has signed on through 2007 and the partnership promises to be a strong one. The "Health Net Nutmeg State Games" is a multi-sport, Olympic-style, weeklong festival featuring both team and individual style athletic games held at multiple venues throughout Fairfield County, July 30-August 6, 2007.

"Health Net is a natural fit with the Nutmeg State Games," said Steve H. Nelson, president, Health Net of the Northeast. "The Health Net Nutmeg State Games is a premiere, community-oriented festival that will attract athletes from all over Connecticut. Being involved in such a grassroots event allows Health Net to deliver on our commitment to promote healthy lifestyles among our members and in our local communities."

The Health Net Nutmeg State Games will offer 23 different sports this summer. Athletes will compete in a variety of team and individual style events including everything from baseball and basketball to swimming and roller hockey. Last year, every town and city in Connecticut was represented by at least one athlete. This year, event organizers are expecting more than 6,000 athletes, 1,500 volunteers and 30,000 spectators to participate in the games.

"We are proud and honored to have Health Net as our title sponsor and partner for the Nutmeg State Games," said Bill Mudano, Founder and Executive Director, Nutmeg State Games. "We look forward to working with Health Net to continue to grow Connecticut's largest amateur sporting event. Together, we can make a difference."

Bridgeport is the official host city of the Health Net Nutmeg State Games. Opening Ceremonies will take place Sunday, July 30, starting at 5 p.m. EDT at the Ballpark at Harbor Yard. The games kick off the next day, running all week until medals are awarded Sunday, August 6. For more information on participation and volunteering, visit the Health Net Nutmeg State Games official Web site - www.nutmegstategames.org.

About Health Net

Health Net of the Northeast, Inc., headquartered in Shelton, Conn., employs approximately 1,800 associates in Connecticut, New Jersey and New York. Health Net of the Northeast, through its subsidiaries, offers full-service health plans that serve nearly one million members in the tri-state area. The Northeast health plans offer a wide array of products including: Health Maintenance Organization (HMO), Point-of-Service (POS), Preferred Provider Organization (PPO), third-party administration, Medicare and Medicaid. With a physician network comprising more than 90,000 physician and provider office locations, Health Net is one of the largest health plans in the northeast, offering a full array of open-access products and coordination for multi-region employers.

Health Net of the Northeast is a subsidiary of Health Net, Inc. (NYSE:HNT). 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 HMO, POS, insured PPO and government contracts subsidiaries provide health benefits to approximately 6.6 million individuals in 27 states and the District of Columbia through group, individual, Medicare, Medicaid and TRICARE programs. Health Net's behavioral health services subsidiary, MHN, provides mental health benefits to approximately 7.3 million individuals in all 50 states, including the company's own health plan members. 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

Certain matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve a number of risks and uncertainties. All statements, 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, issues relating to provider contracts, 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 filed with the SEC and the risks discussed in the company's other periodic filings with the SEC. 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.

Source: Business Wire

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