The proposed bill, General Assembly Proposed Bill No. 5026, aims to amend the general statutes to create a personal income tax deduction specifically for premiums paid for long-term care insurance. This initiative is intended to provide financial relief to individuals who invest in long-term care insurance, thereby encouraging more residents to secure such coverage.

The bill does not include any deletions from current law but introduces new legal language that establishes the aforementioned tax deduction. By implementing this deduction, the bill seeks to enhance the affordability of long-term care insurance, ultimately supporting individuals in planning for their future healthcare needs.