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RANCHO CORDOVA, Calif.--([ BUSINESS WIRE ])--[ MHN Government Services ], Inc., a wholly-owned subsidiary of [ Health Net, Inc ]. (NYSE:HNT), today announced it has been awarded a U.S. Department of Defense Military & Family Life Counseling (MFLC) contract. The new contract is a second-generation contract under the MFLC program and has a five-year term that includes a 12-month base period and four 12-month option periods. MHN Government Services is one of three contractors that will participate in the new MFLC program and expects to receive approximately $100million in annual revenues from the new contract.

"MHN Government Services is proud to be selected again by the Department of Defense to participate in the Military & Family Life Counseling program and serve military service members and their families through this program"

The MFLC program provides short-term counseling to active duty military service members, including members of the National Guard and Reserve Components, and their families worldwide. The MFLC program sends licensed clinical counselors to military installations to meet face-to-face with military family members to provide counseling, support and tools to respond to daily stressors, including the cycle of deployment and reintegration, relationship challenges and working in harmas way.

aMHN Government Services is proud to be selected again by the Department of Defense to participate in the Military & Family Life Counseling program and serve military service members and their families through this program,a said Tom Carrato, president of MHN Government Services.

Services under the new contract will commence on November 15, 2012, following a three-month transition period during which MHN Government Services will continue to provide behavioral health services to military service members and their families under the current MFLC contract.

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 5.5million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as aPart Da), Medicaid, U.S. 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 4.8 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. and its subsidiaries, please visit [ www.healthnet.com ], [ www.hnfs.com ], [ www.facebook.com/healthnetfederalservices ] and [ www.mhngs.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 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 Netas Medicare or Medicaid businesses; Health Netas ability to successfully participate in the dual eligibles pilot programs; 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; liabilities incurred in connection with Health Netas divested operations; impairment of Health Netas goodwill or other intangible assets; 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 Form 10-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 press release.