Establishes NJ FamilyCare Stabilization Fund.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes the NJ FamilyCare Stabilization Fund, a dedicated state fund designed to protect and maintain existing Medicaid and Children’s Health Benefits Program services. The fund will receive five percent of the state’s unreserved general fund balance each year. These funds can only be used to cover anticipated decreases in federal reimbursements for NJ FamilyCare, ensuring continued access to healthcare for low-income residents. The fund’s operations and expenditures will be closely monitored through regular reporting to the legislature.
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