Accident And Health Benefits

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Barron's Business Dictionary:

Accident And Health Benefits

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Fringe benefits for accidental injury, accidental death, or sickness. Benefits include payment of medical, surgical, and hospital expenses and income payments. An employer is entitled to a deduction for such payments, whereas employees may exclude the benefits from gross income.

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Investopedia Financial Dictionary:

Accident And Health Benefits

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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:
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.

Related Links:
If your employer is cutting medical benefits, a health savings account may be right for you. Fighting The High Costs Of Healthcare
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