Health Net of California, Inc. is expanding its efforts to provide health plans that help employers adapt to the still-challenging economy:
- Health Net is expanding its Silver HMO Network plan in Northern California, giving employers premium savings up to 15 percent less for the same plan designs as its full statewide network of primary care physicians and specialists.
- And Health Net is launching another value-oriented plan – the Bronze HMO network – in Southern California that provides the opportunity for even greater savings.
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“Our cost-efficient networks and plans provide employers with a greater range of choice and greater value,” said Steven Sell, president of Health Net, Inc.’s Western Region Health Plan. “Our partnerships with health care providers allow us to continue championing the kinds of solutions that can help employers survive today’s persistently murky economy.”
Value-oriented networks like the Silver and Bronze networks consist of health care providers who provide quality care at costs that can be significantly less than the full statewide network average. Since less cost means less pressure on premiums, the amount that employers pay for value-oriented network products can be substantially less than for the full statewide network.
Health Net’s Silver HMO Network
Health Net’s Silver HMO network now is available to members with employer-sponsored coverage and who live or work in Santa Clara or Stanislaus counties. The Silver HMO network already is established in Kern, Los Angeles, Orange, San Bernardino, San Diego, Riverside, Ventura and San Francisco counties. With the addition of Santa Clara and Stanislaus counties, the network consists of nearly 21,000 primary care physicians and specialists in all 10 counties.
In addition, Health Net’s Silver Elect Open Access plan in Santa Clara and Stanislaus counties gives members the flexibility to choose contracting doctors from the Silver HMO network or Health Net’s full statewide PPO network for certain services.
Health Net’s Bronze HMO Network
Health Net is launching its new HMO Bronze network in Los Angeles, San Bernardino and San Diego counties. The Bronze network consists of nearly 5,000 of the most cost-effective primary care physicians and specialists who contract with Health Net.
“With the Bronze network, employers have the opportunity for savings that are even greater than what’s available through the Silver network,” said Sell. “The greater degree of affordability will help many employers stay within their budgets while providing an essential benefit for their employees.”
Whether Silver or Bronze: Lower Premiums Without Sacrificing Quality
“Whether employers choose the Silver or Bronze network, they’ll see significantly reduced premiums compared with Health Net’s full network, while maintaining comprehensive benefits and without sacrificing the quality of our full statewide network,” said Sell. “That’s because all of our contracting health care providers, regardless of the network they participate in, must meet Health Net’s strict quality standards.”
Both the Silver and Bronze networks are available for small, mid-sized and large employers. Employers interested in details about Health Net’s affordable solutions for their health care needs may contact their brokers, or they may contact Health Net at 1-800-447-8812, option 1.
Salud con Health Net: Cost-Effective, Cross-Border Access to Care
Another cost-effective network plan offered by Health Net is Salud HMO y Más, which provides Southern Californians the choice between medical care near their homes or in Mexico.
For care in California, members have access to a select network of culturally competent physicians and hospitals. For care in Mexico, Health Net partners with SIMNSA, the first Mexican health plan licensed by the State of California, to offer quality services.
The combination of California’s Latino-focused provider network and Mexico’s lower cost of care allow for premiums significantly lower than Health Net plans providing access to California-only care.
About Health Net of California
Health Net of California, Inc., a subsidiary of Health Net, Inc. (NYSE:HNT), is one of the largest health plans in the state. Together with Health Net Life Insurance Company, it serves more than 2.2 million members statewide and contracts with more than 56,000 physicians, 300-plus hospitals and nearly 5,000 pharmacies, giving its members greater choice and more convenient access to care. Its commercial HMO/POS and Medicare lines of business have received the “excellent” accreditation status from the National Committee for Quality Assurance. Its PPO line of business (offered by Health Net Life Insurance Company) and its Medicaid line of business have received the “commendable” accreditation status. For more information about Health Net, visit its website at http://www.healthnet.com/.
All statements in this press release, other than statements of historical information provided herein, may be deemed to be forward-looking statements and as such are subject to a number of risks and uncertainties. These statements are based on management’s analysis, judgment, belief and expectation only as of the date hereof, and are subject to uncertainty and changes in circumstances. Without limiting the foregoing, statements including the words “believes,” “anticipates,” “plans,” “expects,” “may,” “should,” “could,” “estimate,” “intend” and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, costs, fees and expenses related to the post-closing administrative services to be provided under the administrative services agreements entered into in connection with the sale of our Northeast business; potential termination of the administrative services agreements by the service recipients should we breach such agreements or fail to perform all or a material part of the services required thereunder; any liabilities of the Northeast business that were incurred prior to the closing of its sale as well as those liabilities incurred through the winding-up and running-out period of the Northeast business; health care reform; rising health care costs; continued recessionary economic conditions or a further decline in the economy; negative prior period claims reserve developments; trends in medical care ratios; unexpected utilization patterns or unexpectedly severe or widespread illnesses; membership declines; rate cuts affecting our Medicare or Medicaid businesses; litigation costs; regulatory issues; operational issues; investment portfolio impairment charges; volatility in the financial markets; and general business and market conditions. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the “Risk Factors” section included within the company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”), and the risks discussed in the company’s other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.
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