what is compensation plan medical
A total compensation plan may include group health-care benefits. Many employers pay a sizeable portion of the total monthly premium, leaving a portion of the premium to be deducted from the employeeâs pay. Premiums for employer-sponsored health care plans are deducted from pre-tax income, which are gross earnings.
Workers' compensation. Dangerous tasks are common in the construction workplace. Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.