Question Details

	Username: Andrew Rating: Asked to: Chaoxiang Lee Date Created: 28 Aug 2015
Category	28
Tag	Financial
Question	What is a reimbursement plan?

Advice from Guru

Hi Andrew,

A generic term for several types of plans that reimburse employees for various types of work-related expenses. These expenses can include medical, auto, travel, meal and entertainment costs. Reimbursement plans are instituted by employers in order to allow them to pay for a more accurate amount of employee expenses incurred instead of having to provide a broad allowance or increase in compensation to cover them.

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