New Jersey has a fund called the Catastrophic Illness in Children Relief Fund that helps families deal with the financial consequences of a child’s illness. Since the beginning of the state fiscal year in July, the fund has awarded $2.3 million to 120 recipients.
The CICRF is a dedicated, revolving, non-lapsing trust fund collected from an annual contribution of $1.50 per employee by all employers operating under the New Jersey Unemployment Compensation Law.
“For families that have a child with a catastrophic illness, the cost for medical care can quickly exceed their income and deplete their savings,” according to Lt. Governor Kim Guadagno. The fund was created to help address this issue.
The CICRF was established in 1988 and has distributed more than $171 million in grants to 8,429 families. In Fiscal Year 2016, nearly $7 million was distributed to 369 eligible applicants. New Jersey residents with children who have uncovered medical expenses may apply for grants to reimburse specific, documented, medically related costs.