Home Finance JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion

JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion

by Enochadmin

JP Morgan CEO Jamie Dimon speaks on the Boston Faculty Chief Executives Membership luncheon in Boston, Massachusetts, U.S., November 23, 2021.

Brian Snyder | Reuters

JPMorgan Chase, one of many largest employers within the U.S. monetary trade, advised employees that it’ll pay for journey to states that enable authorized abortions, in line with a memo obtained completely by CNBC.

The information got here as a part of an inner communication to staff explaining expanded medical advantages set to start in July, in line with the June 1 memo.

“Efficient in July, it is possible for you to to entry extra coated advantages beneath the U.S. Medical Plan,” the New York-based financial institution advised employees. These modifications embrace “family-building advantages, resembling cryopreservation,” and enhanced advantages for LGBT+ employees, the financial institution mentioned.

“We can even increase our current well being care journey profit, which in the present day covers sure providers resembling organ transplants, to all coated well being care providers that may solely be obtained removed from your private home,” JPMorgan advised its workers.

JPMorgan’s announcement comes because the Supreme Court docket overturned Roe v. Wade, the landmark ruling that established the constitutional proper to abortion within the U.S. in 1973. The anticipated results of that’s that staff in states the place the process is banned must journey to locales the place it’s nonetheless allowed. Earlier than in the present day, solely rival financial institution Citigroup was identified to have supplied the journey profit for workers.

In a question-and-answer net web page linked to the June 1 memo, the financial institution instantly addressed whether or not it was masking abortion, in addition to out-of-state journey to have the process.

“Will you pay for an worker to journey to a different state to hunt an abortion if their state will not enable them to get one?” the financial institution mentioned.

“Sure. Our well being care plans have traditionally coated journey advantages for sure coated providers that will require journey,” JPMorgan mentioned. “Starting in July, we’ll increase this profit to incorporate all coated providers that may solely be obtained removed from your private home, which would come with authorized abortion.”

Abortions have lengthy been coated by the corporate’s well being plan, the financial institution added.

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