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Exhibit 12.1

Health Net, Inc.
Calculation of Ratio of Earnings to Fixed Charges—Consolidated Basis
(amount in thousands, except ratios)

	Nine Months Ended September 30,						Year Ended December 31,
	2002			2001			2001			2000			1999			1998			1997
Income from continuing operations	$	291,645		$	48,471		$	137,350		$	262,747		$	244,008		$	(254,154	)	$	(89,248	)
Interest expense		30,364			43,581			54,940			87,930			83,808			92,159			63,555
Amortization of debt expense		2,052			2,598			3,280			3,395			3,170			1,100			—
Interest portion of rental expense (a)		6,093			5,730			8,403			7,470			7,350			7,545			7,305
Earnings	$	330,154		$	100,380		$	203,973		$	361,542		$	338,336		$	(153,350	)	$	(18,388	)
Fixed Charges	$	38,509		$	51,909		$	66,623		$	98,795		$	94,328		$	100,804		$	70,860
(Total of interest expense, amort. and interest portion of rental expense)
Ratio of earnings to fixed charges		8.6	x		1.9	x		3.1	x		3.7	x		3.6	x			(b)			(b)

(a)

Interest portion of rental expense is estimated to be 15%.

(b)

No ratio is shown for 1998 and 1997 because earnings were insufficient to cover fixed charges by $153.4 million and $18.4 million, respectively.

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Health Net, Inc. Calculation of Ratio of Earnings to Fixed Charges—Consolidated Basis (amount in thousands, except ratios)