Penalty Divisor IssuedEffective April 1, 2015, the New Jersey Department of Health and Human Services has announced that the Medicaid penalty divisor has been increased to $332.59 per day or $10,116.28 per month.  The previous divisor was $313.50 per day or $9,535.25 per month.

The new divisor shall be used for all new and pending Medicaid applications for an eligibility date of April 1, 2015 or later.  The Medicaid divisor figure is used to determine the period of ineligibility of a Medicaid applicant if assets are transferred for less than fair market value during the Medicaid five year look back.