Facebook joins list of firms boosting same-sex benefits
If your firm is looking for a progressive way to bolster your benefits package, you may want to follow in the footsteps of these companies.
The option: covering the extra costs employees must pay when their partners receive domestic partner benefits.
Facebook became the most recent company to join a growing list of prominent businesses that now includes Google, Cisco, Bain & Company, Barclays bank and a host of others.
Employer-provided health benefits for domestic partners are currently counted as taxable income under federal law if an employees’ partner isn’t a dependent. This ends up costing same-sex couples an average of $1,000 per year more than a heterosexual married couple with the same healthcare coverage.
Facebook and others have decided to essentially provide extra compensation to cover those costs for employees with same-sex domestic partner benefits.
- Share on
Free Training & Resources
White Papers
Provided by Personify Health
Further Reading
The U.S. Supreme Court has reached a decision in the case of a highly compensated employee who sued his employer for unpaid overtime. I...
Some of your year-end health plan responsibilities have lifted, thanks to eleventh-hour legislation from Congress. Plan sponsors that me...
A proposed change to overtime eligibility by the Department of Labor is causing a fair share of angst for many employers. Companies in the ...
Many states increased their minimum wage rates on January 1, 2026. Did you catch the changes needed to pay employees accurately? When it...
The IRS recently announced changes to retirement plan numbers for next year, putting your year-end prep in high gear. The 401(k) plan sa...
Due to new IRS regs, employers will be subject to stricter e-filing requirements in 2024. Find out what’s coming and check out the li...
