Final answer:
Additional benefits provided by employers including health insurance and retirement benefits are called fringe benefits. Social Security, Medicare, and pension insurance are examples of such benefits.
Step-by-step explanation:
Additional benefits such as health insurance, retirement benefits, or life insurance that are paid by the employer are called fringe benefits. These may include various types of insurance coverage like retirement insurance, which involves workers paying a percentage of their income into Social Security and Medicare. These programs then provide income and health care benefits to the elderly. Companies may also provide pension insurance, making mandatory payments to the Pension Benefit Guarantee Corporation to secure pensions for their retired employees, even in the case of bankruptcy.