CT Baby Bonds is a first-in-the-nation initiative that invests money for every baby born in Connecticut whose birth is covered by HUSKY Health, the state's public health coverage program for eligible children, parents, relative caregivers, elders, individuals with disabilities, adults without dependent children and pregnant women. For more information, including eligibility requirements and FAQs, click here.
The program, designed to narrow the wealth gap and spur long-term economic growth for Connecticut families, sets aside funds for each baby and invests them in a trust managed by the Office of the Treasurer. Between the ages of 18 and 30, the young person can make a claim for the funds to buy a home in Connecticut, save for retirement, pay for post-secondary education or training, or start or invest in a Connecticut business. To be eligible to file a claim, participants are also required to complete a financial literacy course, providing a foundation of financial knowledge to guide their decision making as young adults.