Accident And Health Benefits

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Dictionary Says

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.
Investopedia Says

Investopedia explains '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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