Please see our responses below to questions that we could not answer during our training webinar on 7/26/16:
Q: What is the difference between travel expense and travel stipend?
A: A stipend is a set amount regardless of actual cost – + or – the stipend amount. For example, a per mile rate of $.45 per mile is considered a stipend. The actual cost per mile may be higher or lower, but the employee is reimbursed the $.45 per mile.
Travel expenses would include the total amount traveled in miles plus any other related expenses. The total reimbursable amount is unknown until the travel has been concluded.
Q: Regarding the Certificate Of Insurance (2 questions)
- Does someone have to be "named" on COI?
- We deal with multiple ASAP's, do we need a COI for each one and their location?
A: The current policy should be attached to the NOI application. The ASAP will provide any necessary instruction on COI once there is an agreement to contract.