by Elizabeth Fay
In a decision history, the Supreme Court of the United States ruled 5-4 in favor of the legalization of gay marriage in the country. The decision has several monetary implications that can benefit couples of lesbians, gays, bisexuals and transgender people who decide to tie the knot. Here are five ways the court's decision to level the playing field for LGBT couples while putting more money in their pockets. 
1. Social security
all married couples, regardless of sexual orientation, are entitled to a spouse and survival of social security benefits . This change may have significant financial value for couples married gays and lesbians. Financial Engines, a large consulting firm, crunched some numbers for a hypothetical sex couple and found that marriage could earn a same-sex couple extra government benefits worth about $ 343,000.
The spousal benefit, especially when using one person earns less than another. In this case, the payment of lower gain spouse could increase to half the payment from the other spouse. On average, this could put an extra $ 780 per month in the portfolio of a same-sex spouse, according to the Human Rights Campaign.
married couplessame sex will also be able to leverage the advantages of survival. If the check of a deceased spouse social security is larger than the living spouse of the check, the surviving spouse may elect to receive the largest check instead of his own. Same-sex spouses will also be entitled to a single payment of $ 255 to help with funeral expenses.
2. Employer Benefits of Health
Depending on where they live, same-sex couples are not insured health benefits of the employer their partner. Although about 77 percent of employers currently offer domestic partner coverage of health care the same sex, this benefit is often imposed by the State as income. The recent decision to eliminate taxes and requiring employers that offer health benefits spouse to offer both homosexual and heterosexual married couples.
3. Estate Planning
LGBT married couples living in states that do not recognize gay marriage to win new rights to cover their spouses and children after death. The same-sex couples can inherit property from their spouse without paying estate or succession of the state. They will also acquire the right to prevent parents to challenge wills.
4. Medicaid
The legalization of gay marriage makes Medicaid more accessible to the LGBT community. Historically, the federal government allowed states to determine eligibility for Medicaid for same-sex couples. Since many states do not recognize same-sex marriages, many same-sex couples were denied health insurance through the Medicaid program of the government. Since the legalization of gay marriage takes effect, more gay couples with low incomes will be eligible for free health coverage or low cost through Medicaid.
5. Subsidized health insurance
Under the Affordable Care Act, legally married couples - gay or straight - can jointly apply for federal tax subsidies for reduce the cost of health insurance. However, some gays and lesbians couples were waiting for the same-sex marriage to become legal in their country of origin before officially tying the knot. With the legalization of same-sex marriage in all 50 states, homosexual couples can marry in the state in which they live, and then apply for health insurance subsidies. According to the federal government, these tax credits generally save a person $ 272 each month.
Now that the high court has spoken, same-sex couples have much to gain financially if their marriage. To inherit property to save thousands of dollars on health insurance, the financial consequences of the court's decision has the potential to hit six figures for same-sex couples who say "I do".
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