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Goldman Sachs Covers Sex Changes

Goldman Sachs Benefits Will Cover Sex Changes

The reputably conservative Goldman Sachs added health-insurance coverage of sex reassignment surgery last year. The company said it considers the move part of a push to bring in talented candidates and to build a more diverse workforce. Sex change surgeries cost from $5,000 to $150,000 if they are paid out of pocket and that's before hormone and other drug treatments.

Goldman's plan covers the actual surgery and transgender-related prescription drugs, but it doesn't cover electrolysis and other cosmetic treatments. Other large firms offering some form of coverage for transgender treatments are Bank of America, Deutsche Bank, Wachovia, Microsoft, and General Motors. A spokesperson from New York Association for Gender Rights Advocacy said that coverage of the surgery won't break a company's bank because "of the few transgendered employees there may be at any given company, most don't actually want a surgical sex change."

Goldman Sachs was ranked ninth on Fortune's 100 Best Companies to Work For. Want to get a job there? Get some tips here.


Join The Conversation
ilanac13 ilanac13 9 years
i think that's an interesting thing to notice in the health benefits - but i guess their point is right - there's such a limited amount of people at any one time that go through the surgery that it seems ok. i just feel like there are so many other procedures that aren't covered that it's almost frustrating to think about it
ainje ainje 9 years
I think its a good idea... But its kind of far-reaching...
CaterpillarGirl CaterpillarGirl 9 years
why not the government covers hormone drugs for prison inmates who want sex changes.
JovianSkies JovianSkies 9 years
He's kidding, right? His company will cover Sex Changes (which shouldn't be covered anyway, because a sex change isn't a medical neccessity) but my mother was having trouble because her company wouldn't insure all of her needs? Give me a break.
bellaressa bellaressa 9 years
Shopaholichunny Shopaholichunny 9 years
Yeah this is interesting.
SkinnyMarie SkinnyMarie 9 years
quite peculiar news. I never thought that anyone covered it, but why not?
aljefferson-tbag aljefferson-tbag 9 years
It's all about the FSA --- flexible spending account!
Lovely_1 Lovely_1 9 years
Interesting news... Each to his own though right!?
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