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FinanceJPMorgan tells employees the bank will pay for travel to states that...

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

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, one in every of the largest employers in the U.S. monetary business, informed staff that it will pay for travel to states that allow authorized abortions, in accordance to a memo obtained completely 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 informed staff. Those adjustments embrace “family-building benefits, such as cryopreservation,” and enhanced advantages for LGBT+ staff, the bank stated.

“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 informed its workers.

In a Question and Answer net web page linked to the June 1 memo, the bank instantly 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 stated.

“Yes. Our health care plans have historically covered travel benefits for certain covered services that would require travel,” JPMorgan stated. “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 lined by the firm’s well being plan, the bank added.

This story is growing. Please examine again for updates.

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