NJ S1621

Raises income eligibility for Medicare Savings Programs (QMB, SLMB, and QI) from the current federal standards of 100-135% of the federal poverty level to 200% of the federal poverty level, with commissioner authority to set thresholds up to 230% FPL.

Eliminates the asset test for Medicare Savings Programs; current federal limits are $9,090 for individuals and $13,630 for married couples.

Expands covered cost-sharing assistance to include Medicare Part A and B premiums, copayments, coinsurances, and deductibles for all eligible beneficiaries.

Requires the Department of Human Services to create a State-funded subprogram if federal law does not permit full cost-sharing assistance under the SLMB and QI programs.

Appropriates funds from the General Fund to the Department of Human Services as necessary to implement these expanded eligibility requirements.