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LOS ANGELES--([ BUSINESS WIRE ])--[ Health Net, Inc. ] (NYSE:HNT) will hold its quarterly conference call to discuss fourth quarter and year-end 2011 earnings results on Friday, February 3, 2012, at approximately 11:00 a.m. Eastern time (8:00 a.m. Pacific time). Earnings results will be announced before the market opens on the same day.

To join the conference call, dial 866.393.1637 or 706.643.5711. The access code is 35863543. A recording of the call can be heard from February3, 2012 (12:00 noon Eastern Time / 9:00 a.m. Pacific time) through February8, 2012 (12:00 Midnight Eastern time) by dialing 855.859.2056 (toll-free) or 404.537.3406, access code 35863543. A live webcast and replay of the conference call will be available on Health Netas Investor Relations website at [ www.healthnet.com ].

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 6.0million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as aPart Da), Medicaid, Department of Defense, including TRICARE, and Veterans Affairs programs. Health Netas 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 Netas own health plan members. Health Netas 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 Netas 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 (aPSLRAa) of 1995, including statements in this and other press releases, in presentations, filings with the Securities and Exchange Commission (aSECa), 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 aforward-looking statementsa provided by PSLRA. These statements are based on managementas 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 abelieves,a aanticipates,a aplans,a aexpects,a amay,a ashould,a acould,a aestimate,a aintend,a afeels,a awill,a aprojectsa 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 Netas 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 HealthNet 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 Netas Medicare or Medicaid businesses; 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; 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 Netas business associates with any privacy laws or any security breach involving the misappropriation, loss or other unauthorized use or disclosure of confidential information; 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 aRisk Factorsa section included within Health Netas most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form10-Q filed with the SEC and the risks discussed in Health Netas 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.