AN ACT CONCERNING A COVERED CONNECTICUT TRUST FUND.

SB 1477 establishes the "Covered Connecticut Trust Fund," a permanent account within the state's restricted funds, to sustain healthcare programs if federal Medicaid funding or subsidies decrease. It directly affects Covered Connecticut (which provides fully subsidized coverage for low-income adults, parents, and caretakers above Medicaid income limits), HUSKY Health (Connecticut's Medicaid program), and health insurance subsidies through the Connecticut Health Insurance Exchange. The bill requires the Commissioner of Health Strategy, with input from social services and insurance officials, to develop a strategic plan by September 1, 2025, detailing how to use the fund and recommend state appropriations needed to maintain these programs. The plan must be submitted to relevant legislative committees, with no additional state or municipal costs anticipated as it uses existing agency resources.