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JP Morgan CEO Jamie Dimon speaks on the Boston Faculty Chief Executives Membership luncheon in Boston, Massachusetts, U.S., on November 23, 2021.

Brian Snyder | Reuters

JPMorgan Chase, one of many largest employers within the US monetary trade, has advised staff it’ll pay for journey to states that enable authorized abortions, in response to a memo first obtained by CNBC.

The information got here as a part of an inside communication to workers explaining expanded medical advantages that can start in July, in response to the June 1 memo.

“Beginning in July, it is possible for you to to entry further lined advantages below the US Medical Plan,” the New York-based financial institution advised staff. These modifications embrace “family-building advantages, comparable to cryopreservation” and enhanced advantages for LGBT+ staff, the financial institution mentioned.

“We may even develop our current well being care journey profit, which as we speak covers sure providers comparable to organ transplants, to all lined well being care providers that may solely be obtained away from house,” JPMorgan advised its workers.

JPMorgan’s announcement comes because the Supreme Court docket overturned Roe v. Wade, the landmark ruling that established the constitutional proper to abortion within the US in 1973. The anticipated result’s that workers in states the place the process is banned must journey to locations the place it’s nonetheless allowed. Earlier than as we speak, solely rival financial institution Citigroup was recognized to have offered the worker journey profit.

In a question-and-answer webpage 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 her state doesn’t enable her to have one?” the financial institution mentioned.

“Sure. Our well being care plans have traditionally lined journey advantages for sure lined providers that require journey,” JPMorgan mentioned. “Starting in July, we are going to develop this profit to incorporate all lined providers that may solely be obtained away from house, which would come with authorized abortion.”

Abortions have lengthy been lined by the corporate’s well being plan, the financial institution added.

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