JP Morgan CEO Jamie Dimon speaks on the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.
Brian Snyder | Reuters
JPMorgan Chase, one of many largest employers within the U.S. monetary business, informed staff that it’ll pay for journey to states that permit authorized abortions, based on a memo first obtained by CNBC.
The information got here as a part of an inside communication to workers explaining expanded medical advantages set to start in July, based on the June 1 memo.
“Effective in July, it is possible for you to to entry further coated advantages beneath the U.S. Medical Plan,” the New York-based financial institution informed staff. Those adjustments embody “family-building advantages, reminiscent of cryopreservation,” and enhanced advantages for LGBT+ staff, the financial institution stated.
“We will even broaden our current well being care journey profit, which right now covers sure providers reminiscent of organ transplants, to all coated well being care providers that may solely be obtained removed from your house,” JPMorgan informed its workers.
JPMorgan’s announcement comes because the Supreme Court 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 workers in states the place the process is banned must journey to locales the place it’s nonetheless allowed. Before right now, solely rival financial institution Citigroup was recognized to have offered the journey profit for workers.
In a question-and-answer net web page linked to the June 1 memo, the financial institution immediately addressed whether or not it was protecting 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 permit them to get one?” the financial institution stated.
“Yes. Our well being care plans have traditionally coated journey advantages for sure coated providers that might require journey,” JPMorgan stated. “Beginning in July, we’ll broaden this profit to incorporate all coated providers that may solely be obtained removed from your house, which would come with authorized abortion.”
Abortions have lengthy been coated by the corporate’s well being plan, the financial institution added.