Provision of certain health care benefits for expenses related to participation in a varsity intercollegiate sport

(a) Division I health benefits Each Division I institution, or an athletic association or conference on behalf of a Division I institution, shall cover the cost of the following: (1) During the participation by a student athlete in a varsity intercollegiate sport— (A) all out-of-pocket medical expenses, such as copayments or deductibles, for the health care coverage of the student athlete for any injury or disease incurred through participation in a varsity intercollegiate sport; (B) the expense of obtaining medical second opinions independent of the institution for any injury or disease incurred through participation in a varsity intercollegiate sport; and (C) catastrophic injury medical coverage for any catastrophic injury or disease incurred through participation in a varsity intercollegiate sport that— (i) results in or may result in a disability; or (ii) exceeds $90,000 in medical costs. (2) An end-of-college physical examination for the purpose of documenting and diagnosing any injury or condition related to participation in a varsity intercollegiate sport. (b) Post-Eligibility coverage (1) In general Each institution, or an athletic association or conference on behalf of an institution, shall for the 5-year period beginning on the day after the last college athletic competition for the student athlete, cover the cost of all out-of-pocket medical expenses of the student athlete for health care coverage for any injury or disease incurred through participation in a varsity intercollegiate sport. (2) Athletic association post-eligibility insurance and catastrophic injury fund or program An athletic association must— (A) establish a fund or program to help cover the cost of— (i) in the case of an institution generating less than $20,000,000 in total annual athletics revenue during an academic year, compliance with paragraph (1) in the event of demonstrated financial hardship; and (ii) medical expenses for student athletes diagnosed with significant long-term conditions related to their participation in a varsity intercollegiate sport, including chronic traumatic encephalopathy and any other cognitive impairment; and (B) ensure that the fund or program established under subparagraph (A) is adequately funded. (c) Notification regarding mental health services An institution must clearly and conspicuously notify student athletes, not less frequently than annually, of the mental health services available to them on campus.