¦ We ask that you search your souls and envision a memorial that inspires visitors to contemplate what the attack means to them personally, to us as family members, to the community, to the country, and to the world. “ Pentagon Memorial Fund Web site, 2005.

In remembrance of those who lost their lives during the tragic events on Sept. 11, 2001, it is with honor Health Net Federal Services, LLC, the government operations division of Health Net, Inc. (NYSE:HNT), announces its participation in the dedication of the Pentagon Memorial, set to take place Sept. 11, 2008, in Arlington, Va.

Health Net is honored to be a part of this American tribute in memory of the 184 lives lost in Arlington on Sept. 11, 2001, when American Airlines Flight 77 crashed into the Pentagon, said Steve Tough, president, Health Net Federal Services. Many of us lost friends and family that day, and as a Department of Defense contractor serving the men, women and families of our Armed Forces, we personally felt the loss of the 125 service members who died in the Pentagon attack.

The Pentagon Memorial, set on 1.9 acres adjacent to the Pentagon and closest to the point of impact, was thoughtfully designed to memorialize those lost at the site. Each of the 184 cast metal seats is engraved with the name of a victim and set above a glowing pool of water. At night, the pools appear as brilliant white light, visible to neighboring traffic and planes arriving and departing from the Ronald Reagan National Airport.

Health Net™s motivation to support building this American tribute is captured in the following excerpt from the Pentagon Memorial Fund Web site, eloquently written by the daughter of a Pentagon victim. It is a special place to reflect on the magnitude their lives had on those of us still living “ a place that tells my story.

Health Net Federal Services donated $250,000 toward the building of the Pentagon Memorial and established a Pentagon Memorial Fund Donation Program for its associates. The company matched each dollar raised by associates, contributing nearly $18,000 in addition to its initial donation.

About Health Net

Health Net Federal Services, a subsidiary of Health Net, Inc., has a long history of providing cost-effective, 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 6.7 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. Health Net™s behavioral health subsidiary, MHN, provides mental health benefits to approximately 6.9 million individuals in all 50 states. 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. For more information on Health Net Federal Services, please visit www.healthnetfederalservices.com.

Cautionary Statements

All statements in this press release, other than statements of historical information provided herein, may be deemed to be forward-looking statements and as such are subject to a number of risks and uncertainties. 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, statements including 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, unexpected utilization patterns or unexpectedly severe or widespread illnesses, membership declines, rate cuts affecting our Medicare or Medicaid business, issues relating to provider contracts, litigation costs, regulatory issues, 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 and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.

Health Net, Inc.
Margita Thompson, 818-676-7912
margita.thompson@healthnet.com
or
Health Net Federal Services, LLC
Molly Tuttle, 916-351-5355
molly.tuttle@healthnet.com

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