More Major Employers Voluntarily Offering Autism Benefits
NEW YORK (November 26, 2013) -- An increasing number of the nation's top companies are voluntarily offering their employees autism coverage in their health plans. With the addition of JPMorgan Chase, 14 of the Fortune Top 100 firms now provide the coverage, based on information available to Autism Speaks.
Larger companies tend to self-insure their employee health plans and therefore are regulated under federal ERISA law which does not require coverage for autism benefits, such as applied behavior analysis (ABA). Because they are governed under federal law, these plans are exempt from the autism insurance reform laws that have been enacted in 34 states.
Based on their ranking in the Fortune 500, the 14 firms are:
|7||General Motors||Detroit, MI||213,000|
|18||JPMorgan Chase||New York, NY||258,965|
|25||Wells Fargo||San Francisco, CA||269,200|
|34||Home Depot||Atlanta, GA||340,000|
|50||United Technologies||Hartford, CT||218,300|
|54||Intel||Santa Clara, CA||105,000|
|58||Merck||Whitehouse Station, NJ||83,000|
|60||Cisco Systems||San Jose, CA||66,639|
|68||Goldman Sachs Group||New York, NY||32,400|
|70||Abbott Laboratories||Abbott Park, IL||92,939|
|80||Oracle||Redwood City, CA||115,000|
|90||American Express||New York, NY||63,500|