Medical benefits are excludable even though they do not bear any relationship to actual medical expenses. However accident and health benefits which are paid from qualified pension, profit sharing, or stock option plans have been discussed earlier in the paper. Coverage of an employee and his family under an employers medical benefit plan typically terminates when employment ends. A basic hospital insurance benefits are tax free apart from Section 105, as are survivor and disability benefits under Social Security. The EEOC regulations prohibit employers from making medical inquiries of employees that are not job related and consistent with job necessity.
Executive compensation is the lump sum amount paid to the executives like CEO of the company.
There has been a steep rise in the pay of the CEO's in the last couple of years. The reason for such high pays is that the CEO deserves nearly all the credit for the company s success. CEO s pay is among the most controversial management topics. An employee is entitled to medical, surgical and hospital services needed for treatment of an injury. An employee, who sustains a disabling, job related traumatic injury might request continuation of regular pay for the period of disability.