According to a report from CNBC, JPMorgan Chase will expand its health care benefits to cover the cost of travel for employees who want an abortion but live in a state where the practice is restricted; JPMorgan Chase is one of the largest employers in the world of finance.
“Effective in July, you will be able to access additional covered benefits under the U.S. Medical Plan,” the New York-based bank told workers in a memo. Those changes include “family-building benefits, such as cryopreservation,” and enhanced benefits for LGBT+ workers, the bank said, according to CNBC.
“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,” the company said.
In a question-and-answer web page linked to the June 1 memo, the bank directly addressed whether it was covering abortion, as well as out-of-state travel to have the procedure.
“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 said.
“Yes. Our health care plans have historically covered travel benefits for certain covered services that would require travel,” JPMorgan said. “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.”