Increases resource threshold limit for certain Medicaid eligibility groups.

This bill increases the asset limits (resource thresholds) for New Jersey Medicaid eligibility under the "medically needy" program. It raises the maximum allowable assets from current levels to $40,000 for single-person households, $60,000 for two-person households, and an additional $20,000 per extra person in larger households. These changes directly affect individuals who qualify as "medically needy" - including pregnant women, children under 21, seniors 65+, and people who are blind or disabled - by allowing them to retain more assets while still qualifying for Medicaid coverage. The policy adjustment aligns New Jersey’s resource standards with federal guidelines for medically needy eligibility.