Credit Suisse Introduces ABA Coverage for Employees
NEW YORK (January 8, 2014) -- Credit Suisse, a Zurich-based financial services firm, has introduced insurance coverage for autism treatments, including applied behavior analysis (ABA), for its U.S. employees. Credit Suisse, which self-funds its health plan, made the decision voluntarily in response to employee requests.
Credit Suisse joins the growing ranks of major employers, many of them in the financial services realm, to voluntarily introduce ABA coverage for autism. Employers that self-insure their health plans are governed under federal ERISA law which does not require the coverage.
"I'm thrilled that Credit Suisse has shown courage and leadership in adding ABA therapy to their health care benefits program,” said Dina Wosk, whose child with autism will now benefit from the coverage. “The company is now on a list with other exceptional firms offering employees comparable program benefits.
“In my opinion, this will help with employee retention for the many families who live with the challenges of autism on a day-to-day basis,” she added. “I'm confident that I can speak on behalf of other families that we're proud to be affiliated with such a forward-thinking firm."
Lorri Unumb, Esq., Autism Speaks' vice president for state government affairs, commended Credit Suisse for taking the step and credited the University of Massachusetts Medical School for its assistance.
In addition to Credit Suisse, Autism Speaks is aware of several other major employers in the finance industry to voluntarily cover ABA for autism, including JPMorgan Chase, Wells Fargo, Goldman Sachs, American Express and Capital One.