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What is FAVR? Fixed and Variable Rate Reimbursements Explained

What is a FAVR Reimbursement Plan?

FAVR Reimbursement Plan
By Mike Bassi, Director of Partnerships |

According to the VARK model of learning, there are 4 different types of learners: Visual, Auditory, Reading/Writing, and Kinesthetic. While each of us can learn in multiple different ways, each individual has a method that their brain best absorbs information. Visual learners.... This post is for YOU!

We have made multiple posts explaining Runzheimer and our Fixed and Variable Rate (FAVR) reimbursements. While this concept is easy to understand once you get the hang of it, it might take some time to fully understand how the program Runzheimer invented over 80 years ago, operates. Watch this video to better understand Fixed and Variable Rate Reimbursements and how they might fit with your organization.

For more information regarding the Runzheimer Program, you can visit our Business Vehicle Program Page, or Contact Us!

About the Author

Mike has 20+ years of experience consulting, implementing and supporting professional solutions for Business vehicle reimbursement plans, Mobile Applications, and employee relocations. His long tenure at Runzheimer has made him a trusted expert both externally and internally.