JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.
Brian Snyder | Reuters
JPMorgan Chase, considered one of the largest employers in the U.S. monetary trade, advised staff that it will pay for travel to states that allow authorized abortions, in accordance to a memo obtained solely by CNBC.
The information got here as a part of an inside communication to employees explaining expanded medical advantages set to start in July, in accordance to the June 1 memo.
“Effective in July, you will be able to access additional covered benefits under the U.S. Medical Plan,” the New York-based bank advised staff. Those modifications embrace “family building benefits, such as cryopreservation,” and enhanced advantages for LGBT+ staff, the bank mentioned.
“We will also expand our existing health care travel benefit, which today covers certain services such as organ transplants, to all covered health care services that can only be obtained far from your home,” JPMorgan advised its workers.
In a Question and Answer internet web page linked to the June 1 memo, the bank immediately addressed whether or not it was protecting abortion, in addition to out-of-state travel to have the process.
“Will you pay for an employee to travel to another state to seek an abortion if their state won’t allow them to get one?” the bank mentioned.
“Yes. Our health care plans have historically covered travel benefits for certain covered services that would require travel,” JPMorgan mentioned. “Beginning in July, we will expand this benefit to include all covered services that can only be obtained far from your home, which would include legal abortion.”
Abortions have lengthy been coated by the firm’s well being plan, the bank added.
This story is creating. Please examine again for updates.