This bill establishes provisions for insurance and Medicaid coverage of annual lung cancer screenings for at-risk individuals in Iowa. It defines "at-risk individual" as a person aged 50 or older who has either smoked regularly, has a family history of lung cancer, or has been exposed to harmful substances such as asbestos or radon. The bill mandates that the Department of Health and Human Services seek a federal waiver to allow Medicaid to cover these screenings, which will take effect immediately upon approval.

Additionally, the bill requires that all health insurance policies, contracts, or plans providing third-party payment for medical expenses must cover annual lung cancer screenings for at-risk individuals without imposing any cost-sharing requirements. The coverage must be at least as favorable as that provided for screening mammograms. The bill outlines the types of insurance policies that are subject to these requirements and specifies certain types of insurance that are exempt. The Commissioner of Insurance is authorized to adopt rules to facilitate the implementation of these provisions.