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Committee schedules review of proposal for long‑term care trust fund study
Summary
Committee members agreed to invite the state treasurer and other witnesses to discuss H.120, a proposal to study and design a long‑term care trust fund and to explore models for allowing Vermonters to save for future long‑term care needs.
Committee members told colleagues they will review H.120, a bill to study and design a long‑term care trust fund, and they asked staff to invite witnesses including the state treasurer and Representative Yacoboni, who has advocated for this concept.
Members described the proposal as a mechanism for individuals to set aside personal funds for long‑term care needs — potentially through a state‑facilitated trust structure similar to existing state savings programs — and said the committee would want information about design options, administrative details and fiscal impacts. The chair asked staff to arrange testimony from the treasurer and from Representative Yacoboni.
No policy decision or vote occurred; the committee scheduled future consideration and indicated the review will include testimony and a fiscal review.
