VT H0120

Secretary of Administration must study and design a long-term care trust fund based on a social insurance model similar to Social Security

Fund collection would begin July 1, 2026, with a minimum three-year period before benefits are paid; contributions required from Vermont residents with taxable income over 150% of federal poverty level

Study must address creation of a governing committee to administer the fund, develop benefit packages based on activities of daily living and cognitive challenges, and establish rules for benefit portability when contributors leave Vermont

Eligibility for benefits would require paying into the program for at least two years; study must also examine transfer of fund resources to Medicaid for long-term care services

Written report with findings and proposed legislation due to legislative committees by January 15, 2026; act takes effect July 1, 2025