Health Tips

Know these Fringe Benefits

By Malvika Kashyap

May 17, 2022

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Fringe benefits are benefits provided to employees in addition to their declared compensation for performing a certain service.

What are Fringe benefits

Social Security is a federal government programme in the United States that offers social insurance and benefits to persons with low or no income.

US govt program

Fringe benefits are intended to cover medical expenses and protect employees from financial troubles if they lose their jobs.

Required by law

The Patient Protection and Affordable Care Act includes this extra benefit. It includes visits to general care doctors, specialists, and emergency care.

Health insurance

Medical treatment, wage replacement benefits, rehabilitation, and other benefits are provided to employees.

Worker’s compensation

Businesses with more than 50 employees must provide family and medical leave to employees who have worked for the company for more than a year.

Medical leave

Employers must pay a fee that pays for salaries, training, and career counselling for employees who are laid off due to no fault of their own.

Unemployment insurance

Companies that provide extra perks because of public perception, employee wellbeing, employee engagement, and other factors.

Why Employers Offer  Fringe Benefits

Fringe Benefits are offered by a variety of companies to its employees. It will help to reduce the number of disgruntled employees and keep them engaged.


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