8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 23, 2010

Health Net, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	1-12718	95-4288333
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
21650 Oxnard Street, Woodland Hills, California		91367
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: (818) 676-6000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 26, 2010, Health Net, Inc. (the "Company") issued a press release announcing that Mr. Thomas T. Farley, a director of the Company, passed away on August 23, 2010. The press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


99.1 Press release dated August 26, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Health Net, Inc.
August 26, 2010	By:	/s/ Angelee F. Bouchard
		Name: Angelee F. Bouchard
		Title: Senior Vice President, General Counsel and Secretary

Exhibit Index

Exhibit No.	Description
99.1	Press release dated August 26, 2010

EX-99.1

He alth Net, Inc.
21650 Oxnard Street
Woodland Hills, CA 91367
818.676.6000
800.291.6911
www.healthnet.com

Investor Contact: Angie McCabe
818.676.8692 Media Contact:Margita Thompson
818.676.7912

angie.mccabe@healthnet.com margita.thompson@healthnet.com

HEALTH NET, INC. MOURNS THE DEATH OF
THOMAS T. FARLEY, A MEMBER OF ITS BOARD OF DIRECTORS

LOS ANGELES, August 26, 2010 – Health Net, Inc. (NYSE:HNT) (the “Company”) announced with great sadness today the death of Thomas T. Farley on August 23, 2010. Farley was a member of the company’s board of directors and served on the Audit, Finance and Governance Committees.

Farley was a senior partner in the law firm of Petersen & Fonda, P.C. in Pueblo, Colo., and served on the Board of Governors of the Colorado State University System. Additionally, Farley was a director/advisor of Wells Fargo Bank of Pueblo and Sunset and a member of the Board of Regents of Santa Clara University. Farley also was a director of the Finance Council of the Catholic Diocese in Southern Colorado and of Catholic Charities in Southern Colorado.

“We are all saddened by the passing of Tom Farley,” said Roger Greaves, Health Net’s chairman of the board. “Tom was an inspiration to all of us at Health Net. He was a man of strong character and will be sorely missed by the entire Health Net family.”

With Farley’s passing, the company has nine directors. The board of directors has not designated a replacement for Farley, but intends to begin evaluating candidates to fill the vacancy.

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 health plans and government contracts subsidiaries provide health benefits to approximately 6.0 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. Health Net’s behavioral health subsidiary, MHN, provides mental health benefits to approximately 5.5 million individuals in all 50 states. The company’s subsidiaries also offer managed health care products related to 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 website at www.healthnet.com.

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