Health Net Federal Services Earns Distinction As A Military Friendly Employer

Health Net Federal Services, LLC, a wholly owned subsidiary of Health Net, Inc. (NYSE:HNT), today announced that it has been designated a 2013 Military Friendly Employer by Victory Media, publisher of G.I. Jobs magazine .

“Health Net Federal Services is honored to be recognized as a 2013 Military Friendly Employer by G.I. Jobs. We are privileged to assist the men and women who serve, veterans, and their families. We understand the importance of getting them back to work and the value they bring to the workforce,” said Thomas Carrato, president, Health Net Federal Services. He added, “Hiring those who have served is not charity – it’s good business.”

Victory Media first published a list of its top military-friendly companies in 2003. The list has grown from 10 to 100 over the years, and this was the first year Victory Media recognized a separate roll of employers not found in the Top 100. Health Net Federal Services earned a No. 33 ranking on the G.I. Jobs Top 50 in 2008.

“Due to the fierce competition for our Top 100 list, many great programs failed to make this year’s list simply because interest and participation in hiring military is at an all-time high,” said Sean Collins, vice president for Victory Media and director for G.I. Jobs. “So, we created the Military Friendly Employers designation outside of the Top 100 to recognize another one percent of companies that have great programs and opportunities for veterans and their spouses.”

Companies earned the Military Friendly Employers distinction via the same methodology as Victory Media’s Top 100 Military Friendly Employers list, which was announced earlier this year. Criteria for designation involved reaching a benchmark score across key areas such as strength of military recruiting efforts and percentage of new hires with prior military service, in addition to retention programs and company policies on National Guard and Reserve service.

Health Net Federal Services expects to be showcased along with other Military Friendly Employers in the January 2013 issue of G.I. Jobs.

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, through its subsidiaries, provides and administers health benefits to approximately 5.4 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, U.S. 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 4.9 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.

For more information on Health Net, Inc., please visit Health Net’s websites at www.healthnet.com or www.HNFS.com.

Copyright Business Wire 2010

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