DEFINITION of 'Accident And Health Benefits'

Fringe benefits provided to employees for sickness, accidental injury, or accidental death. These benefits include payment of hospital and medical expenses as well as income payments.

BREAKING DOWN 'Accident And Health Benefits'

Generally, employees can exclude the benefits from gross income. There is some incentive to extend these benefits to employees because the employer is entitled to a deduction for the payments.

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RELATED FAQS
  1. How are an employee's fringe benefits taxed?

    Discover how receiving fringe benefits can increase total compensation for employees and how it is important to understand ... Read Answer >>
  2. Are fringe benefits deductible for the employer?

    Learn how the IRS treats the taxation of fringe benefits provided by an employer to employees, contractors, partners and ... Read Answer >>
  3. What incentives does an employer have in offering fringe benefits?

    Learn how offering fringe benefits is a powerful business tool for employers to attract and retain quality employees while ... Read Answer >>
  4. How do fringe benefits help increase employee retention?

    Offering fringe benefits can be a valuable retention tool for employers wanting to maintain a high-quality, highly productive ... Read Answer >>
  5. Why is accidental life insurance so inexpensive?

    Accidental life insurance is an inexpensive way of obtaining life insurance coverage for yourself or someone else in your ... Read Answer >>
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