Bank of America, Morgan Stanley, JPMorgan and Citigroup are among several firms that announced that they will pay for their employees’ travel for abortions after the landmark Supreme Court decision to overturn the 50-year-old Roe v. Wade on Friday, according to news reports.
Employees at several of the country’s largest banks are already covered for abortions under their medical coverage from the company, and Citigroup told staff back in April that they would also be covered for travel if they have to leave their home state for the procedure, the Wall Street Journal writes.
“While we are still assessing the impact of the Supreme Court decision and are aware that some states may enact new legislation regarding reproductive rights, we will continue to provide benefits that support our colleagues’ family planning choices wherever we are legally permitted to do so,” Sara Wechter, Citi’s head of human resources, wrote in a memo to employees Friday, according to the publication.
JPMorgan told staff earlier this month that its benefits package would cover travel of more than 50 miles for all covered healthcare treatments starting July 1, according to an internal memo cited by the Journal. Previously, the package only covered travel for certain treatments, such as organ transplants and bariatric surgery, the publication writes.
“As always, we’re focused on the health and well-being of our employees, and want to ensure equitable access to all benefits,” a JPMorgan spokeswoman said Friday, according to the Journal.
BofA and Goldman Sachs said on Friday that they will also cover long-distance travel for abortion, the publication writes.
Morgan Stanley is adding “travel for pregnancy care” to its benefits starting July 1, the Journal writes, citing a person familiar with the matter.
Robinhood and Goldman Sachs have also saidf they will cover travel costs associated with obtaining reproductive health care, like abortions, according to FA-IQ sister publication Ignites.
Robinhood said it will cover up to $5,000 of expenses related to out-of-state reproductive care for employees and their dependents, a company spokesperson told Ignites.
“We want to ensure our employees have equal access to reproductive care, no matter where they live,” accoridng to the spokesperson's statement to Ignites. “Our employees are located across the country and we will remain steadfast in ensuring where someone chooses to live has no impact on their ability to access health and reproductive care.”
"We have extended our healthcare travel reimbursement policies to include all medical procedures, treatments and evaluations, including abortion services and gender-affirming care where a provider is not available in proximity to where our people live," Bentley de Beyer, the firm's global head of human capital management, said in an internal memo, according to Ignites.
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