JPMorgan Chase told workers that it will pay for travel to states that allow legal abortions, according to a memo obtained exclusively by CNBC.
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.
"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.", one of the largest employers in the U.S.
The news came as part of an internal communication to employees explaining expanded medical benefits set to begin in July, according 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 told workers. Those changes include"family-building benefits, such as cryopreservation," and enhanced benefits for LGBT+ workers, the bank said.
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