What are some alternative words for benefit? Synonyms for benefit ˈbɛn ə fɪt This thesaurus page is about all possible synonyms, equivalent, same meaning and similar words for the term benefit. Princeton's WordNet (0.00 / 0 votes) Rate these synonyms: benefit (noun) financial assistance in time of need. Synonyms: welfare. benefit, welfare (noun) something that aids or promotes well-being for the benefit of all Synonyms: eudaemonia, social welfare, public assistance, well-being, wellbeing, eudaimonia, upbeat, benefit, welfare. benefit (verb)