fbpx
(855) 430-0035

Out-of-pocket expenses

Out-of-pocket expenses are direct outlays of cash which may or may not be later reimbursed In operating a vehicle, gasoline, parking fees and tolls are considered out-of-pocket expenses for the trip. Insurance, oil changes, and interest are not, because the outlay of cash covers expenses accrued over a longer period of time. The services rendered and other in-kind expenses are not considered out-of-pocket expenses, nor are depreciation of capital goods or depletion.

About Senior Care Center

We all know what it’s like to watch our loved ones age. Let us help you find the best care your loved ones deserve.

Senior Care Center Newsletter

Subscribe now to get the latest tips, news, and advice.