Health Net Hosts World & Paralympic Ski Champion Chris Devlin-Young at the National Disabled Veterans Winter Sports Clinic in Snowmass Village, Colorado

Health Net Federal Services, LLC, part of the Government Contracts segment of Health Net, Inc. (NYSE:HNT) today announced it will host 2011 World Super G Paralympic Champion and U.S. Coast Guard Veteran Chris Devlin-Young at the 26th National Disabled Veterans Winter Sports Clinic in Snowmass Village, Colo., March 25 – 30, 2012. Health Net has partnered with Devlin-Young for the past year to help motivate and inspire Veterans with disabilities to overcome physical and emotional challenges. Additionally, Health Net will be a national sponsor of the event in its continuing commitment to serving Veterans and programs that help improve their quality of life.

Health Net hosts World and Paralympic Ski Champion Chris Devlin-Young at the National Disabled Veter ...

Health Net hosts World and Paralympic Ski Champion Chris Devlin-Young at the National Disabled Veterans Winter Sports Clinic in Snowmass Village, Colo. (Photo: Business Wire)

“Health Net is honored to continue our partnership with Chris Devlin-Young at the Winter Sports Clinic and help inspire courage and confidence in Veterans with disabilities,” said Tom Carrato, president of Health Net Federal Services. “As a world and national paralympic skiing champion, Chris is a role model for athletes. His accomplishment can help others learn to thrive in the face of adversity.”

In 1982, Devlin-Young was on a Coast Guard mission in Alaska’s Aleutian Islands when his plane crashed into a mountain. He suffered irreversible spinal trauma as he attempted to save his fellow crew members from the burning wreckage. In 1987, his life was forever changed again when he participated in the first Winter Sports Clinic. Twenty-six years later, he is the current World Super G Sitting Paralympic Champion.

“My goal is to inspire and help others with disabilities to realize their potential,” said Devlin-Young. “The opportunities for athletes with disabilities are unlimited; they just need the courage and strength to reach out for help. The First Disabled Veterans Winter Sports Clinic changed my life, and I hope that I can help make a difference in their lives, too.”

Sponsored by the Disabled American Veterans (DAV) and Department of Veterans Affairs (VA), the clinic is open to U.S. military Veterans with traumatic injuries and disabilities who receive care at a VA medical facility or military treatment facility. More than 400 athletes are expected to attend and participate in a variety of workshops and educational sessions that will positively impact their rehabilitative journey and readjustment in their communities. For recently injured Veterans, the clinic provides an opportunity to test their new-found abilities and develop new lifestyle skills.

In addition to serving as guest instructor and mentor to other athletes during the week-long athletic events, Devlin-Young will be participating in the 2012 U.S. Adaptive Alpine National Championships and NorAm, March 25 – 28 at nearby Buttermilk Mountain in Aspen, Colo. There he will compete in the downhill and Super G races. At this event, he is an eight-time Men’s Overall Champion (2001-2009), and the reigning U.S. National Super G Champion, a title that he has held continuously since 2000. Attendees of the Winter Sports Clinic are invited to watch Devlin-Young practice and compete.

For more information on the 26th National Disabled Veterans Winter Sports Clinic, please visit http://www.va.gov/opa/speceven/wsc/index.asp.

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 6.0 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 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.

For more information on Health Net, Inc., please visit the Health Net’s website at www.healthnet.com.

Cautionary Statements

Health Net, Inc. and its representatives may from time to time make written and oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act (“PSLRA”) of 1995, including statements in this and other press releases, in presentations, filings with the Securities and Exchange Commission (“SEC”), reports to stockholders and in meetings with investors and analysts. 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 intended to be covered by the safe harbor for “forward-looking statements” provided by PSLRA. These statements are based on management’s analysis, judgment, belief and expectation only as of the date hereof, and are subject to changes in circumstances and a number of risks and uncertainties. Without limiting the foregoing, statements including the words “believes,” “anticipates,” “plans,” “expects,” “may,” “should,” “could,” “estimate,” “intend,” “feels,” “will,” “projects” and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied or projected by the forward-looking information and statements due to, among other things, health care reform and other increased government participation in and regulation of health benefits and managed care operations, including the ultimate impact of the Affordable Care Act, which could materially adversely affect Health Net’s financial condition, results of operations and cash flows through, among other things, reduced revenues, new taxes, expanded liability, and increased costs (including medical, administrative, technology or other costs), or require changes to the ways in which Health Net does business; rising health care costs; continued slow economic growth or a further decline in the economy; negative prior period claims reserve developments; trends in medical care ratios; membership declines; unexpected utilization patterns or unexpectedly severe or widespread illnesses; rate cuts and other risks and uncertainties affecting Health Net’s Medicare or Medicaid businesses; litigation costs; regulatory issues with federal and state agencies including, but not limited to, the California Department of Managed Health Care, the Centers for Medicare & Medicaid Services, the Office of Civil Rights of the U.S. Department of Health and Human Services and state departments of insurance; operational issues; failure to effectively oversee our third party vendors; noncompliance by Health Net or Health Net’s business associates with any privacy laws or any security breach involving the misappropriation, loss or other unauthorized use or disclosure of confidential information; any liabilities of the Northeast business that were incurred prior to the closing of its sale as well as those liabilities incurred through the winding-up and running-out period of the Northeast business; Health Net’s ability to complete proposed dispositions on a timely basis or at all; investment portfolio impairment charges; volatility in the financial markets; and general business and market 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 Health Net’s most recent Annual Report on Form 10-K filed with the SEC and the risks discussed in Health Net’s other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as may be required by law, Health Net undertakes no obligation to address or publicly update any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.

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Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50216344&lang=en

Contacts:

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

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