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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    Discover how receiving fringe benefits can increase total compensation for employees and how it is important to understand ... Read Answer >>
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  3. How are fringe benefits calculated?

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    Offering fringe benefits can be a valuable retention tool for employers wanting to maintain a high-quality, highly productive ... Read Answer >>
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