The determination of eligibility for a program or for services based upon an individual's or family's income and/or assets. Examples of such programs include Medicaid and Supplemental Security Income.
An assessment for financial support based on your own or your partner's income/benefits (or your parents' income/benefits if yo receive financial support from them). Certain benefits can also be means tested on an assessment of income and savings.
An evaluation undertaken by the Government to assess if a person is eligible for social security payments, such as the age pension. The test assesses income and assets with the lower being the basis for determining the social security payment.
An objective assessment of a student's family income. Such an assessment may entitle him/her to special concessions for housing and cafeteria services, as well as partial exemption of university tuition fees.
used in selective income security programs to determine eligibility based on the income of the prospective recipient. The benefit is reduced according the income level, and there is always a level at which no benefit is granted.
If your total household income, including non-filing spouse exceeds the state median income then your attorney must review your expenses and see if the exceed IRS guidelines. If they do, you may not be eligible for Chapter 7.
A requirement of the Legal Aid Office that a person must fit within defined financial criteria in order to be eligible for legal assistance or advice.• Duty Lawyer
An earnings limit imposed by Government to determine eligibility for non-contributory pensions and other social assistance payments, and for certain dependants' allowances payable with contributory benefits.
In anti-poverty programs, a method for determining eligibility in which benefits are granted if a participant's income falls below a certain threshold.
Under the new bankruptcy law, if you want to file bankruptcy, you and your income must go through a mathematical test known as the "means test." This means test is done by the court system to determine if you are eligible to file bankruptcy.
Measures of income and assets to determine eligibility for government benefit programs such as Medicaid.
Section 707(b)(2) of the Bankruptcy Code applies a "means test" to determine whether an individual debtor's chapter 7 filing is presumed to be an abuse of the Bankruptcy Code requiring dismissal or conversion of the case (generally to chapter 13). Abuse is presumed if the debtor's aggregate current monthly income (see definition above) over 5 years, net of certain statutorily allowed expenses is more than (i) $10,000, or (ii) 25% of the debtor's nonpriority unsecured debt, as long as that amount is at least $6,000. The debtor may rebut a presumption of abuse only by a showing of special circumstances that justify additional expenses or adjustments of current monthly income.
The way income and assets are measured to determine eligibility for Medicaid and other government programs.
A Government means of assessment to determine if an individual is eligible for social security payments, such as a single parent pension. The test assesses income and assets with the minimum serving as the basis for determining the social security payment.
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.
The term means test refers to an investigative process undertaken to determine whether or not an individual or family is eligible to receive certain types of benefits from the government. The "test" can consist of quantifying the party's income, or assets, or a combination of both.
