New Jersey A894 establishes an annual cost of living adjustment for Medicaid per diem rates for assisted living programs based on Consumer Price.

New Jersey A894 mandates the Division of Medical Assistance and Health Services to annually adjust the base per diem reimbursement rates for assisted living facilities, comprehensive personal care homes, and assisted living programs for Medicaid beneficiaries. The adjustment, starting July 1 following the act's effective date, is based on Consumer Price Index data from the previous January. The Commissioner of Human Services must apply for necessary state plan amendments or waivers to secure federal financial participation for state Medicaid expenditures.

New Jersey A894 establishes an annual cost of living adjustment for Medicaid per diem rates for assisted living programs based on Consumer Price.

New Jersey A894 mandates the Division of Medical Assistance and Health Services to annually adjust the base per diem reimbursement rates for assisted living facilities, comprehensive personal care homes, and assisted living programs for Medicaid beneficiaries. The adjustment, starting July 1 following the act's effective date, is based on Consumer Price Index data from the previous January. The Commissioner of Human Services must apply for necessary state plan amendments or waivers to secure federal financial participation for state Medicaid expenditures.