Emergency Health Insurance Extension Act

[AI summary unavailable — showing source text] Emergency Health Insurance Extension Act - Title I: Continuation or Restoration of Health Insurance Coverage for the Unemployed - Provides that previously employed individuals presently entitled to unemployment compensation and who would be covered by an employment-based health insurance plan shall be entitled to continued or restored health insurance coverage coincident with his or her entitlement to unemployment compensation. Requires employers to provide for such coverage as a condition of (1) declaring payments to employee health insurance plans as tax deductions or (2) maintaining treatment as a non profit organization. Creates on the books of the Treasury of the United States a trust fund to be known as the Federal Emergency Health Insurance Trust Fund to be funded by 100 percent of the 8 percent excise tax on health insurance premiums imposed on carriers under this Act. Creates a Board of Trustees of the Trust Fund to be composed of specified Cabinet members to (1) hold the Trust Fund; (2) report annually to the Congress concerning the operation and status of the Trust Fund; and (3) to review the management and to recommend changes in Federal law of with respect to such Fund…