A bill to amend the provisions of the Employee Retirement Income Security Act of 1974 so as to permit options in the provision of certain health benefits.

Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide that ERISA does not preempt State laws: (1) which protect the freedom of choice of an individual under an employee benefit plan to select any licensed health practitioner to perform health services covered by such plan; or (2) which require surety bonds, cash or security deposits, or other financial guarantees or assurances to protect employee benefit plans from insolvency.