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Username: Andrew

Rating:
Guru Stars

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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