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 Terms:
Deduction
Health Reimbursement Account - HRA
High-Deductible Health Plan - HDHP
Income
Legacy Costs
Plan Sponsor
Teacher Retirement System - TRS |