Asset Test

An Asset Test is an evaluation used to determine a person's financial resources, such as savings, property, and investments, to decide if they qualify for certain assistance programs. It helps ensure that help is directed toward those with limited assets, rather than individuals who have significant wealth. By reviewing assets, the test gauges financial need more accurately than income alone. Essentially, it's a way to verify whether someone's resources fall within specified limits to qualify for benefits like assistance programs, Medicaid, or food security services.