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Health Net Selected to Participate in Covered California

May 29, 2013

LOS ANGELES--()--Health Net of California, Inc., a wholly owned subsidiary of Health Net, Inc. (NYSE: HNT), today announced that it has been selected as a Covered California health plan in the Covered California individual health insurance exchange.

 

“Health Net helped to pioneer tailored-network HMO products and has developed Latino outreach programs in California for both small and large employer groups”

The selection means Health Net health plans for individuals and their family members will be offered in many areas of the state when Covered California enrollment begins. Covered California is expected to begin enrolling beneficiaries on Oct. 1, 2013, and benefits are expected to become effective Jan. 1, 2014.

“California consumers will be able to choose Health Net health plans that are cost-effective and provide access to medical groups, physicians, specialists and hospitals that we believe share our commitment to integrated, coordinated, high-quality care and service,” said Steve Sell, president of Health Net’s Western Region Health Plan.

In Los Angeles, Orange, San Bernardino, San Diego and Riverside counties, Health Net expects to offer its new tailored-network HMO exchange product, CommunityCare, which will be built around local health care providers that have formed the backbone of its tailored-network strategy.

“Health Net helped to pioneer tailored-network HMO products and has developed Latino outreach programs in California for both small and large employer groups,” Sell said. “With our CommunityCare network, we are bringing similar levels of affordability, quality coverage and cultural competency to individuals.”

Sell said that Health Net will work to ensure that the medical groups, individual physicians and hospitals that make up the CommunityCare network are committed to comprehensive care coordination in their local communities and offer Health Net members freedom of choice in selecting their eligible in-network primary care physicians.

“We believe these medical groups, individual physicians and hospitals share our commitment to providing products and services that are affordable, simple, dependable and local,” said Sell.

In the Northern California counties of Contra Costa, Kern, Marin, Mariposa, Merced, Monterey, Napa, San Benito, San Joaquin, San Francisco, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus and Tulare, Health Net of California’s wholly owned subsidiary, Health Net Life Insurance Company, expects to offer individuals PPO exchange products.

Collectively, Health Net and Health Net Life bid to be Covered California health plans in 13 of Covered California’s 19 regions, and were accepted in all 13.

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 provides and administers health benefits to approximately 5.4 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, U.S. Department of Defense, including TRICARE, and Veterans Affairs programs. Through its subsidiaries, Health Net also offers behavioral health, substance abuse and employee assistance programs, managed health care products related to prescription drugs, 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 Health Net’s website at www.healthnet.com.

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