SACRAMENTO, Calif.--(BUSINESS WIRE)--June 20, 2006--Health Net Federal Services (HNFS), the government operations division of Health Net, Inc. (NYSE:HNT), today announced that it will make a $300,000 contribution to the Armed Services YMCA (ASYMCA) to help sustain many of their educational, recreational and support services for military families. The Health Net donation will support ASYMCA and its military families in the TRICARE North Region at Camp LeJeune and Fort Bragg/Pope Air Force Base in North Carolina, Fort Drum in New York, Fort Campbell in Kentucky, and Fort Lee and Hampton Roads in Virginia.

"Health Net is proud and privileged to contribute to an organization like the ASYMCA that shares our mission in serving military beneficiaries, both active duty and retirees, and their families," commented Steve Tough, president, HNFS. "These six ASYMCA sites located throughout the TRICARE North Region will touch thousands of our beneficiaries and their families in a meaningful and important way -- we are honored to be associated with this organization."

The ASYMCA offers a place of support for families with loved ones who are currently deployed. Numerous programs are offered by the ASYMCA for junior and enlisted personnel and their families including hospital assistance, health and wellness services, childcare, spouse support services and computer training classes. For more information about the ASYMCA, visit http://www.asymca.org

The mission of Health Net's giving program is "Supporting Those Who Support Our Military Heroes." Health Net believes that our service members could not do what they do without the support of their families. We pledge, through charitable giving, to improve their quality of life by supporting programs that help active duty and retired military families achieve a fit and healthy life and otherwise honor their service to our nation.

About Health Net

Health Net Federal Services, a subsidiary of Health Net, Inc., has a long history of providing cost-effective and 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 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 behavioral health, substance abuse and employee assistance programs (EAPs) to approximately 7.3 million individuals in various 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 http://www.healthnet.com. For more information on Health Net Federal Services, please visit www.healthnetfederalservices.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.

Copyright Business Wire 2006

Health Net, Inc.

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