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1 minute read

Facebook joins list of firms boosting same-sex benefits

Jared Bilski
by Jared Bilski
January 6, 2011
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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.

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Resourceful Finance Pro, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.

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