Health Net, Inc. Announces Earnings Conference Call and Webcast; Tuesday, May 4, 2004, at 11:00...

Business Editors

LOS ANGELES--(BUSINESS WIRE)--March 29, 2004

Health Net, Inc. (NYSE:HNT) will host its quarterly conference call and webcast to discuss first quarter 2004 results on Tuesday, May 4, 2004, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time). Earnings will be announced

To join the call, dial 719.457.2661, and give the operator the confirmation code 499368. A recording of the call can be heard from May 4, 2004 (2:00 p.m. Eastern Time / 11:00 a.m. Pacific time) through May 8, 2004 (12:00 Midnight Eastern time) by dialing 719.457.0820, code 499368.

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 is also being 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.fulldisclosure.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

Health Net, Inc. is one of the nation's largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. The company's HMO, insured PPO and government contracts subsidiaries provide health benefits to approximately 5.3 million individuals in 14 states through group, individual, Medicare, Medicaid and TRICARE programs. Health Net's subsidiaries also offer managed health care products related to behavioral health 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.

For more information on Health Net, Inc., please visit the company's Web site at www.health.net.