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means test. (mēnz) n. An investigation into the financial well-being of a person to determine the person's eligibility for financial assistance. n. (Social Welfare) a test involving the checking of a person's income to determine whether he qualifies for financial or social aid from a government.What does the name testing mean?
Means test. Means tests increase administrative costs (overhead), due to the work of verifying that the tests are satisfied. Some argue that these costs can offset or more than offset the savings by reduced payouts under means-testing.What is means testing or income testing?
In its simplest form, means-testing would look at the annual income of Social Security beneficiaries and determine, based on that income, whether they'd receive a reduced benefit check, or no benefit check at all.