Bill > A5877

This bill revises the assessment imposed on nursing homes to ensure compliance with federal law. Currently, nursing homes must pay an assessment to the Director of the Division of Taxation, with the total assessment not exceeding 6% of all nursing homes' annual revenues. The bill modifies this requirement to allow the assessment to be either 6% or the maximum percentage permissible under federal regulations. The assessment excludes Medicare patient days and will only be implemented after federal approval of both the provider assessment and the distribution plan. Nursing homes must report information to help calculate the assessment, and the payment will be due after each calendar quarter. Important terms include 42 C.F.R. s.433.68(f)(3)(i), which refers to a specific federal regulation governing such assessments, and the assessment will exclude Medicare patient days and certified Medicare beds. The bill aims to provide flexibility in the assessment while maintaining alignment with federal healthcare funding regulations.

Health and Social Services

https://www.njleg.state.nj.us/bill-search/2024/A5877