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Health Net Federal Services Selected as Member of Defense Industry Initiative

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Health Net Federal Services, LLC, a wholly owned subsidiary of Health Net, Inc. today announced it has been selected to be a member of the steering committee and the working group for the Defense Industry Initiative on Business Ethics and Conduct (DII). The DII was established in 1986 to share, maintain and evolve best practices on ethical conduct within the government defense industry.

“Health Net Federal Services has been an active member of the DII for many years and is honored to be selected to represent the health care industry within the DII,” said Steve Tough, president of Government Programs for Health Net, Inc. “We are proud to join the DII leadership to contribute to the continued culture of ethical and best business practices among all government contractors.”

The steering committee of the DII is its policy-making body, consisting of the CEOs and presidents of prominent government contractors, and the working group directs the activities of the DII.

About the Defense Industry Initiative

Nonpartisan and non-profit, the DII has seventy-seven signatory companies comprising the top U.S. defense and security companies. Collectively, DII’s signatory companies receive over $540 billion per year in federal funds. DII’s mission is the continued promotion and advancement of a culture of ethical conduct in every company that provides products and services to the United States Armed Forces. The DII serves our U.S. Armed Forces, acting as stewards of taxpayer resources and meeting the highest standards of ethics and efficiency. The CEOs of every DII member company must sign a personal letter abiding by DII’s core principles. The DII’s members commit to honesty in all business dealings, the protection of taxpayer resources, and high-quality products and services for the U.S. military.

About Health Net Federal Services

Health Net Federal Services has a long history of providing cost-effective, quality managed health care programs for government agencies, including the U.S. Departments of Defense and Veterans Affairs (VA). As the managed care support contractor for the TRICARE North Region, Health Net Federal Services provides health care services to approximately 2.8 million uniformed services beneficiaries, active and retired, and their families. In addition, Health Net Federal Services provides quality, cost-effective health care solutions for veterans, as well as behavioral health services for active duty service members, veterans and their families.

Health Net Federal Services also works collaboratively with VA to administer the Patient Centered Community Care program. Health Net Federal Services processes authorizations for health care on behalf of VA for veterans to receive care from authorized community providers, schedules appointments, manages receipt of all required medical documentation for care, and processes claims for payment.

For more information about Health Net Federal Services, please visit www.hnfs.com.

About Health Net, Inc.

Health Net, Inc. (NYSE:HNT) 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 6.0 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, dual eligible, U.S. Department of Defense, including TRICARE, and U.S. Department of Veterans Affairs programs.

Health Net also offers behavioral health, substance abuse and employee assistance programs, managed health care products related to prescription drugs, and managed health care products related to prescription drugs.

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

This release contains references and links to other websites that may contain content that is not owned or controlled by Health Net. Please be aware that references or links to other websites are provided for the user’s convenience and that Health Net is not responsible for any such content that is not owned or controlled by Health Net. Health Net does not express an opinion on any such content and disclaims any liability in connection therewith.

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