TeachMeFinance.com - explain means-tested programs
means-tested programs -- Programs that provide cash or services to people who meet a test of
need based on income and assets. Most means-tested programs are entitlements (such as Medicaid,
Food Stamps, Supplemental Security Income, family support programs, and veterans' pensions), but in the
case of a few such programs (for instance, subsidized housing and various social services), budget
authority for the program is provided in appropriation acts.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.