Health Net, Inc. Annual Investor Conference

Health Net, Inc. (NYSE:HNT) will host its annual investor conference on Tuesday, Nov. 18, 2008, at the Hilton New York located at 1335 Avenue of the Americas, New York, New York. The conference will begin at approximately 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time).

To join the conference by phone, dial 877-852-6561, and give the operator the confirmation code 1956724. A recording of the call can be heard from Nov. 18, 2008 (8:00 p.m. Eastern Time / 5:00 p.m. Pacific time) through Nov. 22, 2008 (12:00 Midnight Eastern time) by dialing 888-203-1112 or 719-457-0820, code 1956724.

This conference is being webcast by Thomson/CCBN and can be accessed at Health Net’s Web site at www.healthnet.com.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson’s password-protected event management site, StreetEvents (www.streetevents.com).

About Health Net

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 health plans 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 7.0 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.