Mastercard to cover employee travel, lodging for out-of-state abortions

Citigroup Inc began covering travel expenses for employees who go out of state for abortions in March https://www.reuters.com/world/us/citigroup-cover-travel-expenses-abortions-us-states-curb-access-2022-03-16, the first major bank to do so.


Reuters | Updated: 18-05-2022 23:27 IST | Created: 18-05-2022 23:27 IST
Mastercard to cover employee travel, lodging for out-of-state abortions

Mastercard Inc on Wednesday said it will fund travel and lodging for employees seeking abortions outside their home states from June, according to an internal memo seen by Reuters.

Companies including Microsoft Corp, Amazon.com Inc and Tesla have rushed to the aid of their U.S. employees as several states tighten abortion restrictions. The country's top court is also set to overturn a 1973 ruling which legalized abortion nationwide, according to a leaked initial draft majority opinion https://www.reuters.com/world/us/supreme-courts-roe-v-wade-decision-hinged-womens-right-privacy-2022-05-03 by the U.S. Supreme Court.

Three of the six major U.S. banks have already taken initial steps towards the effort. Citigroup Inc began covering travel expenses for employees who go out of state for abortions in March https://www.reuters.com/world/us/citigroup-cover-travel-expenses-abortions-us-states-curb-access-2022-03-16, the first major bank to do so. Peers JPMorgan Chase & Co and Goldman Sachs Group Inc are also reviewing its policies that cover abortion benefits for employees.

Besides expenses related to pregnancy terminations, Mastercard will also cover surrogacies, adoption services, vasectomies and access to contraception, the memo said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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