Trenton, NJ 08625-0360
October 29, 1999
TRENTON -- The annual income limits of the Pharmaceutical Assistance for the Aged and Disabled Program (PAAD) will increase 2.4 percent effective January 1, 2000. The automatic increase is made annually in accordance with a 1995 law signed by Governor Christie Whitman that raises the program's income limits by the same percentage as the cost of living adjustment Social Security beneficiaries receive each January.
The 2000 PAAD income limits are $18,587 for single people and $22,791 for married couples.
PAAD is a state-funded prescription program currently covering the cost of prescription medicine and certain diabetic testing materials for approximately 190,000 low income seniors and people with disabilities at an annual cost of approximately $249.2 million. Program participants are required to co-pay $5 per prescription.
PAAD benefits are available to New Jersey residents who meet the annual income limits and are either 65 years of age and older or are at least 18 years of age and receiving Social Security Disability benefits.
For more information on PAAD call toll-free 1-800-792-9745.