Amends title XXVII of the Public Health Service Act to extend health coverage to parents of enrollees.
Coverage is available if the parents are not eligible for Medicare or Medicaid.
Requires group health plans and health insurance issuers to offer this coverage at the option of the enrolled individual.
Defines “parent” to include biological parents, stepparents, and adoptive parents.
Modifies tax treatment for medical expenses incurred for non-dependent parents, allowing for exclusions from gross income.
Updates provisions in the Internal Revenue Code regarding self-employed health insurance deductions to include parents who meet the eligibility criteria.
Ensures that the amendments apply to amounts paid or incurred after the enactment of the legislation.