Health Net Reminds COBRA Beneficiaries: There’s Still Time to Sign Up for a Covered California Policy

California marketplace created “special-enrollment period” through July 15, 2014

Health Net, Inc. reminds those with health insurance benefits through COBRA (the Consolidated Omnibus Budget Reconciliation Act) that they have through July 15, 2014, to enroll in a Covered California policy.

Covered California, the state’s new health insurance marketplace, created a special-enrollment period (SEP) to give COBRA enrollees extra time to enroll for a marketplace policy.

“People now covered by COBRA may find comparable coverage at a lower price on Covered California,” said Jennifer A. Moore, Health Net vice president of Individual Market and Health Care Exchanges.

Moore added that, as a participating Covered California health plan in most California counties, Health Net offers affordable marketplace policies that provide access to quality care. And she said Health Net encourages insurance shoppers to use the services of a health insurance broker, if they have one. Or they may call Health Net for assistance at 1-877-618-3870 (TTY: 1-800-995-0852) Monday through Friday from 8 a.m. to 6 p.m.

During the special-enrollment period, current COBRA enrollees may:

Go to the Covered California website, select “apply now” and follow instructions;
Choose a health plan and policy offered through Covered California; and
Get premium assistance and/or cost-sharing reductions, if they qualify.

Moore said that, prior to making the switch from a COBRA policy to a marketplace policy, COBRA beneficiaries should be sure their desired doctors are in the marketplace network.

Covered California has more information about its COBRA special-enrollment period at its frequently-asked-questions site.

Besides California, several other state marketplaces also are providing special-enrollment periods for COBRA enrollees. In Arizona, where the marketplace special-enrollment deadline is July 1, 2014, COBRA enrollees with questions should call the Marketplace Call Center at 1-800-318-2596 (TTY: 1-855-889-4325) and explain they’re calling about COBRA benefits and the marketplace. Or they may contact Health Net for information at 1-877-652-9923 (TTY: 1-800-977-6757) Monday through Friday from 8 a.m. to 6 p.m.

About Health Net

Health Net, Inc. (NYSE: HNT) 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 5.5 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. 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.

This release contains links to other sites that are not owned or controlled by Health Net. Please be aware that Health Net is not responsible for any contents linked or referred to from this release. Links to other websites are provided for the user’s convenience. Health Net does not express an opinion on the content or the properties of such linked websites and disclaims any liability in connection therewith.

Investors:The Abernathy McGregor GroupDavid Olson, 818-917-1469dwo@abmac.comorMedia:Health Net, Inc.Brad Kieffer, 818-676-6833brad.kieffer@healthnet.comwww.twitter.com/hn_bradkieffer

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