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SB 42

AN ACT ESTABLISHING A MEDICARE PREMIUMS TAX CREDIT AGAINST THE PERSONAL INCOME TAX.

2026 Regular Session Introduced by Ben McGorty and 1 co-sponsor

Connecticut bill would allow Medicare beneficiaries to claim a tax credit for premium payments, reducing their state income tax liability and subsidizing healthcare costs.

REF. TO JOINT COMM. ON Finance, Revenue and Bonding
#incometaxcredits(state) #medicare
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Bill Summary · SB 42

Legislative bill overview

SB 42 would create a tax credit against Connecticut's personal income tax for individuals who pay Medicare premiums. This credit would reduce the state income tax liability of eligible taxpayers based on their Medicare premium expenses. The bill aims to provide financial relief to Medicare beneficiaries by offsetting some of their healthcare costs through the state tax system.

Why is this important

Medicare premiums represent a significant out-of-pocket expense for Connecticut's senior population and disabled individuals. By allowing taxpayers to reduce their state income tax obligations based on these premiums, the bill would effectively subsidize healthcare costs for this demographic. This could improve the financial security of fixed-income beneficiaries while potentially increasing overall healthcare affordability in the state.

Potential points of contention

  • Revenue impact: The tax credit would reduce state tax collections, requiring either budget cuts elsewhere or offsetting revenue measures that could face opposition
  • Scope and equity questions: Determining eligibility (income limits, age thresholds, which premiums qualify) could create disputes about who benefits and whether the relief is adequately targeted
  • Administrative complexity: The state would need to verify Medicare premium payments and administer the credit, adding bureaucratic costs and potential for fraud or errors

Compiled from official sources — confirm details with the bill’s official record.

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