CHARLOTTE, NC – Bank of America will reimburse gay employees who insure same-sex partners for the extra federal taxes they pay on health coverage.
The reimbursement was announced as part of the company’s open enrollment for health, medical and dental insurance.
The Charlotte Observer noted that for heterosexual married couples, employer-paid health benefits for spouses were nontaxable and employees used pre-tax dollars to pay the premiums. However, for gay couples, the benefits were taxable and premiums were paid with after-tax money.