CT's 'baby bonds' funding sufficient for 15K children born every year for next 12 years
Depending on the age at which a recipient accesses the money, the bond could be worth as much as $24,000. Enrollments began on July 1, 2023.
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Depending on the age at which a recipient accesses the money, the bond could be worth as much as $24,000. Enrollments began on July 1, 2023.
State Treasurer Erick Russell said 7,810 babies have already been enrolled in the state’s Baby Bonds program, a benefit state officials hope will put those children on a path to leaving poverty.
Each of the 7,810 babies to born to CT mothers on Medicaid in the last half of 2023 are potential beneficiaries of a $3,200 “baby bond.”
Connecticut is pursuing a new waiver to allow incarcerated residents to enroll in Medicaid prior to their release from prison in hopes of curbing high rates of overdose deaths often seen among those transitioning back to society.
By easing eligibility requirements, CT has expanded the number of SNAP recipients by 8,959 individuals and 4,980 households, officials said.