Accident And Health Benefits

What Does Accident And Health Benefits Mean?
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 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.

Filed Under: Personal Finance

Related Terms

Accident and Sickness Insurance Act
Accidental Death Benefit
Catastrophic Illness Insurance
Deduction
Health Reimbursement Account - HRA
High-Deductible Health Plan - HDHP
Income
Legacy Costs
Plan Sponsor
Teacher Retirement System - TRS
More Related Terms

Related Links

Fighting The High Costs Of Healthcare - If your employer is cutting medical benefits, a health savings account may be right for you.
What You Need To Know About Student Health Insurance - Before heading off to college, read up on health insurance plans.

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