This bill establishes a minimum reimbursement rate of $950.00 per day for pediatric skilled care nursing facilities (SCNFs) participating in the New Jersey Medicaid and NJ FamilyCare programs. The Division of Medical Assistance and Health Services (DMAHS) within the Department of Human Services is tasked with implementing this rate, which is contingent upon the facilities' compliance with relevant State and federal laws regarding licensure, patient safety, and quality of care. The bill also includes provisions for the Commissioner of Human Services to adopt necessary rules and regulations to facilitate this implementation.

Additionally, the bill authorizes the Commissioner to apply for any necessary State plan amendments or waivers to ensure federal financial participation in the Medicaid program and the Children's Health Insurance Program. It appropriates funds from the General Fund to the Department of Human Services to support the implementation of this reimbursement rate increase. Currently, there are four pediatric SCNFs in New Jersey that would benefit from this legislation, which aims to enhance the financial support for facilities providing specialized care to medically fragile children and youth up to 21 years of age.