The Basics of New Jersey Medicaid in 2024 and 2025

At Weiss, Tom & Trapanese, LLC, we assist our clients in applying for Medicaid benefits. This takes either the form of future planning for potential health events or crisis management in the event of a sudden medical decline.

2024 Figures

Currently, the income limits for Medicaid in New Jersey are $2,829 per month for an individual and $5,648 for a couple.

For married couples, income can be shifted from the applicant to the non-applicant spouse, if that spouse’s income is $2,555 (eff. 7/1/24 – 6/30/25). In addition, a non-applicant spouse can further increase their Spousal Income Allowance if their housing and utility costs exceed a "shelter standard" of $766.50 per month (eff. 7/1/24 – 6/30/25). The maximum Spousal Income Allowance cannot exceed $3,853.50 per month.

The 2024 resource limitation for the applicant is $2,000, and for a non-applicant spouse, it is $154,140.

For a home exemption claim, the Medicaid applicant or their spouse must live in their home. If there is no spouse in the home, there is a home equity interest limit of $1,071,000 (in 2024).

As of April 1, 2024, the Medicaid divisor is $440.10 per day, for any person who has made an unauthorized transfer of assets during the sixty-month lookback period.

2025 Figures

In 2025, the income limits for Medicaid in New Jersey will be raised to $2,901 per month for an individual, and $5,802 per month for a couple.

Additional figures as to the spousal allowance, resources, and the penalty divisor are not yet available for New Jersey. Check back to our website for that information as it is announced.

When filing for Medicaid, a skilled attorney can help guide you in your decision-making process and help qualify you for Medicaid benefits if necessary. The attorneys at Weiss, Tom & Trapanese, LLC, are experienced in dealing with issues involving Medicaid and are available to assist you.