Establishes NJ FamilyCare Stabilization Fund.
This bill establishes the NJ FamilyCare Stabilization Fund, a renewable fund in the state treasury to protect health coverage for low-income New Jersey residents. It directs 5% of the state's unreserved General Fund balance (e.g., $335 million for FY2026) to be transferred annually into the fund. The fund's resources maintain existing FamilyCare services and benefits if federal Medicaid reimbursements drop by 15% or more in a fiscal year, with disbursements capped at 60% of the fund's July 1 balance. The bill also requires annual reports to the legislature on fund status and expenditures to ensure transparency.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2025
Committee Review
Floor Vote
Governor
Introduced Nov 17, 2025
Last action Nov 17, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Nov 17, 2025
Introduced
Introduced in the Assembly, Referred to Assembly Aging and Human Services Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Shanique Speight
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about A 6062
Scope: NJ
Hi! I can help you understand A 6062. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline