Health Net Names Vice President of Investor Relations and Corporate Communications

Health Net, Inc. (NYSE:HNT) today announced that it has named Peter O’Neill, 58, vice president, Investor Relations and Corporate Communications, effective today. This is a new position.

O’Neill previously held management positions at UnitedHealthcare of Nevada, Sierra Health Services, Inc. and WellPoint Health Networks, Inc. He holds a Bachelor of Arts from Loyola University in Maryland and a Master of Arts from Northwestern University in Chicago.

O’Neill will be based in Health Net’s Woodland Hills, Calif., office. He will report to James Woys, Health Net’s chief financial and operating officer and interim treasurer.

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 6.0 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, dual eligible, U.S. Department of Defense, including TRICARE, and U.S. Department of Veterans Affairs programs. 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.

Health Net, Inc.Brad Kieffer(818) [e-mail]