If You Were a Subscriber or Beneficiary of a Health Net Plan at Any Time Between 1995 and 2007 You May Be Eligible to Participate in a Class Action...

NEW YORK -- May 23, 2008--"A settlement has been proposed in a class action lawsuit involving Health Net, also formerly known as Physicians Health Services, PHS, and First Option Health Plan. The Settlement will provide up to $215,000,000.00 for payments to subscribers or beneficiaries of various Health Net Plans from July 1995 to July 2007. If you qualify, you may send in a claim form to get benefits, or you can exclude yourself from the Settlement, or object to it. The United States District Court for the District of New Jersey authorized this Notice. Before any money is paid, the Court will have a hearing to decide whether to approve the settlement."

The link for more information on this matter is here:
http://www.insurancenewsnet.com/article.asp?n=1&neid=20080523290.2_de5101890833b0c9