After Supreme Court ruling on abortion, BlackRock and other asset managers say they will pay for the trip

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Fidelity Investments employee health care plans cover abortion services, and the company has extended travel expense coverage for medical procedures, including abortions, that are not available within 50 miles of the home of a Fidelity employee, Fidelity spokesman Michael Aalto said in an email.

Previously, Fidelity’s healthcare plans only covered travel and accommodation costs for certain procedures, such as transplants, Aalto said.

“Fidelity benefits are designed to support the lives and well-being of our associates. We offer generous benefit packages that provide in-state and out-of-state care,” Aalto said.

Fidelity managed $4.3 trillion with discretion and $11.3 trillion in assets under advisement as of March 31.

BlackRock Inc., the world’s largest manager with $9.6 trillion in assets, has not publicly commented on the Supreme Court’s decision. But on July 27, he sent a note to employees saying he would cover travel costs for abortion care, Yahoo Finance reported. The fund manager refused requests for IP for comment.

“Through company-sponsored health insurance, we have a long history of providing reproductive health care services, including coverage for birth control and abortion or miscarriage care,” wrote Manish Mehta, BlackRock’s global head of human resources, in an email to staff, according to Yahoo. .

How employees will engage companies about the travel benefit and how their privacy would be protected from states seeking information about their health care is unclear.

A number of asset managers who IP contacted about the coverage of travel costs related to abortion care did not respond. These managers may be in talks with their insurers to change the benefits they offer. Others, like BlackRock, might assure employees that they will cover travel costs internally rather than out in public.

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