Health Net, Inc. Announces Earnings Conference Call; Thursday, Feb. 14, 2002, at 11:00 a.m. ET.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 16, 2002

Health Net, Inc. (NYSE: HNT) will hold its quarterly conference call to discuss fourth quarter results and 2002 outlook on Thursday, Feb. 14, 2002, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time).

To join

This call is being webcast and can be accessed at Health Net, Inc.'s web site at www.health.net. A replay and full transcript of the call will be available at www.health.net.

The webcast will also be distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network, such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password protected event management site, StreetEvents (www.streetevents.com). StreetEvents allows institutional investors to identify, organize, and track the hundreds of conference calls that occur each day during earnings season, to download events of interest to their Outlook calendar and to RSVP to events online.

About Health Net, Inc.

Health Net, Inc. is one of the nation's largest publicly traded managed health care companies. Its mission is to enhance quality of life for its customers by offering products distinguished by their quality, service and affordability. The company's HMO, insured PPO and government contracts subsidiaries provide health benefits to approximately 5.5 million individuals in 13 states through group, individual, Medicare, Medicaid and TRICARE programs. Health Net's subsidiaries also offer managed health care products related to behavioral health, dental, vision and prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.