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Home Health & Hospice Week

Industry Notes:

Hold onto your wallets if your mileage reimbursement rates are tied

Published on Fri Jan 07, 2011

Hold onto your wallets if your mileage reimbursement rates are tied to current gas prices. Fuel prices have exceeded the $3 mark again, with a $3.07 per gallon national average at press time, compared to $2.67 one year ago, according to the U.S. Department of Energy's Energy Information Administration. And observers expect the gas prices to keep climbing, according to news reports. Whether they will hit the $4-plus per gallon prices last seen in 2008 remains to be seen. If you don't reimburse mileage based on gas prices, you can expect a hit to employee morale due to the extra costs, experts warn. (For tips on cutting fuel costs, see Eli's HCW, Vol. XVII, No. 23, p. 179.)
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