New Jersey would raise Medicaid income and asset limits

New Jersey would raise this Medicaid income limit from 100% to 138% of the federal poverty level. This covers applicants age 65 or older and applicants who are blind or disabled. The income limit depends on family size. Applicants must also meet asset limits and other eligibility rules. The state would seek any needed federal approval. The law would take effect upon enactment.

New Jersey would raise the medically needy income limit to 138% of the federal poverty level. This covers pregnant women, dependent children under 21, and people who are age 65 or older, blind, or disabled. People above the income limit could still qualify by subtracting certain medical expenses from income. Other eligibility rules would still apply. The state would seek any needed federal approval. The law would take effect upon enactment.

Asset limits would rise to $40,000 for one-person households and $60,000 for two-person households, plus $20,000 for each additional person. This covers older-adult and disability Medicaid applicants, medically needy applicants, managed long-term care applicants, and applicants to the Qualified Medicare Beneficiary, Specified Low-Income Medicare Beneficiary, and Qualifying Individual programs. The medically needy asset limits require federal approval. The state would seek any other needed federal approvals. Other eligibility rules would still apply.