Accident And Health Benefits
Barron's Business Dictionary:
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Accident And Health Benefits
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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Accident And Health Benefits
Investopedia Financial Dictionary:
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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:
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
Before heading off to college, read up on health insurance plans. What You Need To Know About Student Health Insurance
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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AIG American General Life Companies
(Subsidiary Company)
Trover Solutions, Inc.
(Private Company)