An act relating to the study and design of a long-term care trust fund

H 120 requires Vermont's Secretary of Administration to study and design a long-term care trust fund. The study must examine funding through income-based contributions (starting July 2026 for Vermont residents with taxable income over 150% of the federal poverty level), a two-year payment requirement for benefits, and how the fund would interact with Medicaid. The Secretary must submit a report by January 15, 2026, including proposed legislation to establish the fund. This bill would directly affect Vermont residents who pay into the program and future beneficiaries of long-term care services.