JP Morgan Chase (NYSE: JPM) is a banking and financial services company that was founded in 1799, in New York, New York by JP Morgan, starting as the Manhattan Bank. The corporation does business currently under the name of Chase and in 2000 it's companies became known as JP Morgan Chase & Company. Chase is the largest bank in the United States in terms of assets. Beginning on January 1, 2014, Chase started offering the autism insurance benefit to it's employees who have children with autism. Since Chase's medical plan is self-insured they are not required by any law to offer this. JP Morgan Chase is an Autism Light for it's voluntary assistance to autism families who are employed at their corporation by offering autism coverage in their employee health insurance plans.
Stephen Cutler, who serves as General Counsel at Chase and an Advisor to Access Ability, the Business Resource Group for Chase employees affected by disabilities, said this about the announcement.
JP Morgan Chase is excited to offer ABA Therapy and provide this important treatment alternative for the children of our employees. One in 88 children is diagnosed with Autism. With almost 160,000 employees enrolled in our U.S. medical plan, we are confident that this important new offering will change the lives of many of our employees (Business Wire, JP Morgan Chase Adds Autism Benefits to Employee Health Plans, November 26, 2013).
The following video presentation explains the business of JP Morgan Chase.
Bernadette Ulissi Branosky, JPMorgan's head of benefits, said, "Adding this type of benefit has been the biggest request we've heard from employees in recent years, and the outpouring of gratitude has been overwhelming (Reuters, JP Morgan, other employers move to cover costly autism therapies (December 16, 2013)."
The following are links to news stories on JP Morgan Chase offering autism insurance for it's employees.
Wikipedia: You can learn more about Chase at their Wikipedia Page.
Special thanks to JP Morgan Chase for being an Autism Light and providing autism insurance for the families of it's employees. They are setting an example for other Fortune 500 companies to make a difference for by providing employee autism insurance, even when it is not legally required. We hope one day soon it will be commonplace for every insurance plan in the United States to have coverage for autism.
Autism Light honors diverse heroes to the world of autism.