Bill > A4612

This bill increases the resource threshold limits for several Medicaid eligibility groups in New Jersey, specifically raising the resource standards for determining eligibility in three key programs. For the Medicaid Managed Long-Term Services and Supports Program and Medicare Savings Programs (which include the Qualified Medicare Beneficiary, Specified Low-Income Medicare Beneficiary, and Qualifying Individual Programs), the bill establishes new resource standards of $40,000 for one-person households, $60,000 for two-person households, and an additional $20,000 for each person in households of three or more. These changes will allow more individuals to qualify for Medicaid services by increasing the amount of assets they can possess while still being eligible. The bill also directs the Commissioner of Human Services to apply for necessary state plan amendments and waivers to implement these changes, secure federal financial participation, and potentially simplify the eligibility redetermination process. By raising these resource limits, the bill aims to expand access to critical healthcare services for low-income and elderly residents of New Jersey, making it easier for individuals with slightly more assets to qualify for essential medical assistance programs.

Budget and Finance, Health and Social Services

https://www.njleg.state.nj.us/bill-search/2024/A4612