Bill > SB00116

This bill proposes to establish a tax credit for individuals who purchase long-term care insurance policies that cover home healthcare services. Specifically, the bill would allow taxpayers to receive a credit against their state taxes for the premiums they pay for either individual or group long-term care insurance policies. The tax credit would apply to policies that provide benefits for healthcare services delivered in the insured person's home, which could include services like nursing care, personal assistance, and medical support that allow individuals to receive care in their own residence rather than in a nursing home or care facility. By offering this tax credit, the bill aims to make long-term care insurance more affordable and encourage people to plan for potential future home healthcare needs, potentially reducing the financial burden on individuals and the state's healthcare system.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00116&which_year=2025