Nj Medicaid Asset Limits 2024. New jersey residents have to meet an asset limit and an income limit in order to be financially eligible for nursing home medicaid. Certain assets, such as the applicant’s primary home, household furnishings, personal effects, and a vehicle, are not counted towards medicaid’s asset limit.

For 2024, income and asset limits are as follows: $20,340 for singles and $27,600 for married couples;