Health Net Announces Annual Investor Day To Be Held In New York On February 16, 2012

Health Net, Inc. (NYSE:HNT) today announced that its management team will host its annual Investor Day at The Jumeirah Essex House Hotel in New York, New York, on Thursday, February 16, 2012, from approximately 8:30 a.m. to 11:30 a.m. Eastern Time. A video webcast of the event will consist of presentations by Health Net’s management team including question-and-answer sessions.

A live video webcast and replay of the Investor Day presentations will be available at www.healthnet.com under “Investor Relations.” The webcast is open to all interested parties. The webcast should be accessed at least 15 minutes prior to its start time. Anyone listening to the webcast will be presumed to have read Health Net’s Annual Report on Form 10-K for the year ended December 31, 2010, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2011, June 30, 2011 and September 30, 2011, and other reports filed by the company from time to time with the Securities and Exchange Commission.

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, Department of Defense, including TRICARE, and Veterans Affairs programs. Health Net’s behavioral health services subsidiary, Managed Health Network, Inc., provides behavioral health, substance abuse and employee assistance programs to approximately 5.0 million individuals, including Health Net’s own health plan members. Health Net’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.