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Health Net and Bank of America Launch Partnership
Date:10/3/2007

Agreement means simplification of the health care experience for consumers,

employers and health care providers.

CHARLOTTE, N.C. and LOS ANGELES, Oct. 3 /PRNewswire/ -- Bank of America and Health Net, Inc., today announced a strategic relationship designed to help employers, employees and health care service providers better manage the rising cost of health care.

(LOGO: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

The partnership will provide innovative solutions to help consumers, employers and health care service providers better manage health care costs by combining an extensive provider network with a strong financial institution, with both partners applying user-friendly, web-based health care services support and consumer directed account management tools.

As a first step in this partnership, the parties have agreed to utilize the Consumer Directed Health Care (CDHC) platform provided by Bank of America Benefit Solutions(TM). This platform will enable Health Net members enrolled in a Health Savings Account (HSA) compatible plan to have greater control over their health care spending by pairing affordable health insurance coverage provided by Health Net with a tax-advantaged HSA from Bank of America. For example, these members can choose between the ease of using a Bank of America HSA Visa(R) debit card to pay for their qualified health care expenses, or they can go online and request their health care providers be paid directly from their account using online bill payment. Combined with Health Net's user-friendly wellness and decision support tools, members can make more informed decisions about their health care and control how they spend their health care dollars.

"As a customer solutions company, Health Net strives to meet customer needs and help them solve their problems. We are extremely pleased that
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SOURCE Bank of America
Copyright©2007 PR Newswire.
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