Health Net Appoints Maurice Hebert Corporate Controller

    Business Editors

    LOS ANGELES--(BUSINESS WIRE)--April 15, 2005--Health Net, Inc. (NYSE:HNT) today announced that, effective April 12, 2005, Maurice Hebert joined the company as corporate controller. Hebert assumes responsibility for all accounting, financial reporting, tax, financial planning, business planning and analysis, payroll and procurement. He will report to Health Net's chief financial officer, Buddy Piszel.
    "Maurice Hebert comes to Health Net with impressive experience in the insurance field in several critical areas -- accounting, finance, financial planning and reporting, and internal audit. With the increased complexity of financial reporting and accounting, Maurice's record of leadership makes him an outstanding addition to our senior management team," said Jay Gellert, president and chief executive officer of Health Net.
    Hebert, 42, joins Health Net from Safeco Corporation where he served as senior vice president/controller and principal accounting officer. Previously, he spent a decade with AIG SunAmerica, most recently as vice president/controller - Life Insurance Companies. Prior to AIG SunAmerica, Hebert held audit positions with Rockwell International Corporation and Coopers & Lybrand, LLC.
    Hebert earned his bachelor's degree in Accounting from Louisiana State University and is a certified public accountant.

    About Health Net

    Health Net, Inc. is among 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, POS, insured PPO and government contracts subsidiaries provide health benefits to approximately 6.5 million individuals in 27 states and the District of Columbia 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.healthnet.com.

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CONTACT: Health Net, Inc. David Olson, 818-676-6978 david.w.olson@healthnet.com or Michael Engelhard, 818-676-7620 michael.engelhard@healthnet.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: MEDICAL INSURANCE GOVERNMENT BANKING MANAGEMENT CHANGES SOURCE: Health Net, Inc.

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