The Office of Treasurer Erick Russell

Sample Participant Letter

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Dear Parent or Guardian:

I am excited to let you know that [CHILD’S FULL NAME] is eligible for the Connecticut Baby Bonds program (CT Baby Bonds), and as a result, the State of Connecticut has invested $3,200 on [CHILD’S FIRST NAME]’s behalf.

These funds will be invested so that they grow as [CHILD’S FIRST NAME] grows. [CHILD’S FIRST NAME] can claim the funds between the ages of 18 and 30, as long as they live in Connecticut at the time of the claim and have completed a basic financial literacy course. At that time, the money can be used to:

  • Buy a home in Connecticut
  • Pay for their education
  • Start or invest in a Connecticut business
  • Save for retirement

Depending on when [CHILD’S FIRST NAME] makes a claim, the $3,200 invested is expected to grow to between $10,000 and $24,000.

[CHILD’S FIRST NAME]’s eligibility for CT Baby Bonds is based on information from the Connecticut Department of Social Services showing that [CHILD’S FIRST NAME] was born on or after July 1, 2023 and the birth was subject to coverage by Husky Health (Connecticut’s Medicaid program).

You don’t need to do anything right now. However, we want to make sure we can reach you with updates about CT Baby Bonds. We ask that you keep [CHILD’S FIRST NAME]’s contact information up to date with the Department of Social Services, by visiting the Access Health CT website: www.accesshealthct.com

We will provide updates from time to time, and we encourage you to visit babybonds.ct.gov for more information. For now, I just wanted to tell you about this program, and let you know we are here to help support your child’s future. Please reach out to us should you need additional information.

Sincerely,

Erick Russell

Connecticut State Treasurer

_____________________________________________________________________________________________________________________________

 

CT BABY BONDS

An Investment in Connecticut’s Kids, Communities, and Future

 

HOW DOES IT WORK?

For every child:
✅ born on or after July 1, 2023
✅ whose birth was subject to Husky Health (Medicaid)
💰 $3,200 has been invested on their behalf by the Office of the Treasurer.

Between ages 18 and 30, eligible individuals can claim the funds to:

  • Pay for college, job training, or other education
  • Buy a home in Connecticut
  • Start or invest in a Connecticut business
  • Save for retirement.

🔒 Funds cannot be accessed before age 18, or by anyone other than the eligible individual.
📍 Must be a Connecticut resident at the time of claiming funds.
🎓 Must complete a basic financial literacy course at the time of claiming funds.

WILL THIS AFFECT INCOME TAXES OR ACCESS TO PUBLIC BENEFITS FOR ME OR MY CHILD?

❌ No. CT Baby Bonds does not impact any current or future State public assistance benefits.
🧾 No. There are no income tax reporting requirements for this program.

WHAT IF WE MOVE OUT OF STATE OR THE COUNTRY?

The child will still be eligible but must be a Connecticut resident when they make a claim.

STAY INFORMED

🌐 Visit: babybonds.ct.gov
📧 Email: baby.bonds@ct.gov
🔄 Update Husky Health info at: accesshealthct.com

 

For more information and FAQ's visit CT Baby Bonds