Increases resource threshold for certain Medicaid eligibility groups.

This bill increases the asset limits (resource thresholds) for certain Medicaid applicants in New Jersey. It raises the maximum allowable resources from 200% of Supplemental Security Income (SSI) standards to specific dollar amounts: $40,000 for single-person households, $60,000 for two-person households, and an additional $20,000 per extra person for larger households. This change directly affects medically needy individuals who qualify under categories like seniors (65+), disabled persons, pregnant women, and dependent children, allowing more people to qualify for Medicaid based on their asset levels. The policy shift simplifies eligibility determination by using fixed dollar thresholds instead of percentage-based calculations tied to federal SSI rules.