Prohibits: (1) changing coverage terms and conditions based on a participant's or beneficiary's decision to request less than the minimum coverage; and (2) certain penalties or incentives for providers or specialists.
Amends: (1) PHSA to apply similar requirements to health insurance issuers in the individual market; and (2) the Internal Revenue Code to apply those requirements to group health plans.
Exempts from the requirements of this Act health insurance coverage in certain States.
Provides for coordination of the administration of this Act among the Secretaries of Labor, the Treasury, and Health and Human Services.