Long story short: Employers are ready to spend big on in-demand benefits

By Alyssa Place, This is my expertise
Published 1 Min Read

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Employers have realized that an investment in their employees now will pay dividends in the future.

Companies including PwC and Walmart have announced new programs and initiatives designed to help employees bring their best selves to work. PwC will be giving trans employees up to $75,000 for their healthcare costs, in an effort to provide more inclusive benefits for LGBTQ employees.

Nearly 1 in 5 transgender people have been denied health coverage simply because of their trans status, according to the National Center for Transgender Equality and the National Gay and Lesbian Task Force. In an effort to alleviate that stress for their own employees, PwC is increasing its lifetime maximum for trans-related procedures and healthcare coverage from $25,000 to $75,000, starting July 1 of this year.

Trans employees will typically spend anywhere between $25,000 and $70,000 in healthcare costs per year, according to the Philadelphia Center for Transgender Surgery. Those costs are typically not covered under most insurances. Supporting employees during every step of the process helps individuals find more satisfaction in their jobs and live happier, more fulfilling work lives.

Alyssa Place
Editor-in-chief

Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio


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