Rural Equity Payment Index Reform Extension Act of 2006 - Amends title XVIII (Medicare) of the Social Security Act to extend permanently the floor (at 1.00) on the Medicare work geographic adjustment under the fee schedule for physicians' services.
(The Secretary of Health and Human Services is required, after calculating the work geographic index for payment for physicians' services furnished on or after January 1, 2004, to increase the work geographic index to 1.00 for any locality for which the calculated index is less than 1.00.)