How the Bankruptcy Means Test Works. The means test can be quite confusing because Congress left many aspects of it open to interpretation. At its simplest, the means test consists of two steps.

The means test assumes that these discretionary funds are available for debt repayment and calculates how much you could repay in total over five years, or 60 monthly payments.

The Means Test was a change that was added by the 2005 changes to the bankruptcy law. It’s designed to force those that make over a certain amount to file a Chapter 13 bankruptcy instead ...

President Lyndon Johnson did not want his signature legislative achievement, the 1965 passage of the Medicare program, to be a means-tested (i.e., income-dependent) welfare program. And Johnson ...

In 2007 congress enacted something of a means test, sharply increasing the premiums of people who make over $200,000 a year. Now some people apparently want to expand that.

Means Test Sought for Medicare Drug Plan. October 4, ... "Means testing is going to be a necessary part of all our entitlement programs," said Rep. Jim Cooper (D-Tenn.), ...

Manchin’s Plan to Shrink Biden’s $3.5 Trillion Bill May Hurt Families in Need The West Virginia senator has floated means testing as a way of cutting costs, but his plan could have inadvertent ...

In other words, a means test is a test to determine whether you get a particular benefit, not how much you pay for it. Medicaid is a means-tested program. So are Food Stamps.. If Medicare actually ...