Researcher: MF Page 1 4/1/25
OLR Bill Analysis
SB 1477
AN ACT CONCERNING A COVERED CONNECTICUT TRUST FUND.
SUMMARY
This bill establishes the Covered Connecticut Trust Fund to promote
the sustainability of health care provided through (1) the HUSKY Health
and Covered Connecticut programs and (2) health care subsidies
offered through the Connecticut Health Insurance Exchange. The
HUSKY Health program includes Medicaid and Children’s Health
Insurance Program coverage. Covered Connecticut provides fully
subsidized coverage to parents, caretaker relatives, and low-income
adults who have income above Medicaid income limits.
The bill establishes the trust fund as a separate, nonlapsing account
within the Grants and Restricted Accounts Fund. By law, this account
contains money that is restricted and not available for general use.
The bill requires the Office of Health Strategy commissioner to
develop a strategic plan to use the fund to sustain health care services
through these programs if federal Medicaid funding or health care
subsidies decrease. The commissioner must (1) develop the strategic
plan in consultation with the social services and insurance
commissioners and (2) report on it by September 1, 2025, to the
Appropriations, Human Services, and Insurance and Real Estate
committees, including recommendations for appropriations needed to
sustain the fund.
EFFECTIVE DATE: July 1, 2025
COMMITTEE ACTION
Human Services Committee
Joint Favorable
Yea 16 Nay 6 (03/13/2025)