Wednesday, February 13, 2008

Right up Hillary's alley.................

Fortune.com reported Friday that Goldman added coverage of sex-reassignment surgery to its medical plan last year. The article was part of a sidebar on “unusual perks” that came with Fortune’s latest ranking of the 100 best companies to work for in the United States. (Goldman was No. 9, up significantly from No. 36 last year.)

Goldman employees can undergo the procedure, which normally costs anywhere from $5,000 to $150,000, and have it paid for entirely by their medical insurance.

Goldman isn’t the first financial firm to cover sex-change surgery for its workers. A recent survey of more than 1,000 employers conducted by the Human Rights Campaign found that many banks, law firms and other large companies have added at least partial coverage of transgender treatments to their medical plans.

Bank of America, Wachovia and Deutsche Bank are among the firms who now cover such treatments to some extent, Fortune.com said. Goldman and Bank of America will cover the cost of the actual operation. At Wachovia, sex reassignment surgery is considered elective, and so the operation is not covered but related prescriptions and post-operative counseling are.

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