What are Accident and Health Benefits?
Accident and health benefits are a package of benefits offered by companies to employees and their families covering illness and providing income benefits in the event of accidental death or injury.
How Do Accident and Health Benefits Work?
Companies that offer accident and health benefits provide employees and their families with insurance that covers unanticipated health-related events resulting from either accident or illness. To this extent, accident and health benefits help to absorb, medical costs and provide fixed-income payments in the event of disability or death.
Why Do Accident and Health Benefits Matter?
Accident and health benefits are mutually beneficial to companies and employees. While employees receive coverage in the event of unforeseen health circumstances, companies benefit from a tax deduction by making payments into such benefit plans on behalf of employees.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
Steve Jobs once famously commented that simplicity is genius. That attitude helped Apple Inc. (Nasdaq: AAPL) redefine the personal electronics space and create an entire...Read More →