Brian Snyder | Reuters
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 have the ability to entry extra coated advantages underneath the U.S. Medical Plan,” the New York-based bank informed employees. Those adjustments embody “family-building advantages, corresponding to cryopreservation,” and enhanced advantages for LGBT+ employees, the bank stated.
“We will additionally increase our current well being care travel profit, which at present covers sure providers corresponding to organ transplants, to all coated well being care providers that can solely be obtained removed from your property,” JPMorgan informed its employees.
JPMorgan’s announcement comes as the Supreme Court overturned Roe v. Wade, the landmark ruling that established the constitutional proper to abortion in the U.S. in 1973. The anticipated results of that is that employees in states the place the process is banned will have to travel to locales the place it’s nonetheless allowed. Before at present, solely rival bank Citigroup was identified to have offered the travel profit for employees.
In a question-and-answer net web page linked to the June 1 memo, the bank straight addressed whether or not it was masking abortion, in addition to out-of-state travel to have the process.
“Will you pay for an worker to travel to one other state to search an abortion if their state will not allow them to get one?” the bank stated.
“Yes. Our well being care plans have traditionally coated travel advantages for sure coated providers that would require travel,” JPMorgan stated. “Beginning in July, we will increase this profit to embody all coated providers that can solely be obtained removed from your property, which would come with authorized abortion.”
Abortions have lengthy been coated by the firm’s well being plan, the bank added.