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accident and health benefits

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Financial Dictionary

Accident and Health Benefits

Fringe benefits provided by for employees for sickness, accidental injury, or accidental death. These benefits include payment of hospital and medical expenses as well as income payments.

Investopedia Commentary

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.

See also: Deduction, Income

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