Accident And Health Benefits

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. 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 >>
  2. What types of companies usually offer fringe benefits?

    Learn what types and sizes of companies typically offer fringe benefits to employees in an effort to recruit as well as retain ... Read Answer >>
  3. 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 >>
  4. Are part-time employees eligible for fringe benefits?

    Learn how offering fringe benefits allows employers to entice new talent to join their teams, although part-time workers ... Read Answer >>
  5. What are some examples of common fringe benefits?

    Learn how offering fringe benefits can be a strategic recruitment and retention tool for employers and drastically increase ... Read Answer >>
  6. What types of regulations are in place regarding fringe benefits?

    Read about the types of regulations that impact employee fringe benefits in the United States, including benefits mandated ... Read Answer >>
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