Have you checked your benefits package to see if fertility treatment is covered?
If you’re trying to conceive, or are considering starting a family, it’s important to find out if your employer offers any assistance. From IVF and egg freezing to embryo adoption assistance and parental leave, many companies are now providing a wide range of benefits to help employees build families.
Why is fertility coverage becoming more common in the workplace?
Fertility coverage is becoming more common in the workplace. In fact, 61% of employers in the U.S. have some form of fertility coverage included in their benefits plan. There are a number of reasons why this is becoming more common, but the main reason is that infertility is on the rise. 1 and 8 couples have trouble conceiving naturally, so fertility services are becoming more and more necessary and employers are using this as a way to add a competitive edge to their overall compensation plan.
The cost of fertility services and how to offset those costs
The average cost of a single IVF cycle can cost anywhere from $12,000 to $17,000 (not including medication). With medication, the cost can rise to closer to $25,000 out of pocket, but this can vary depending on clinic and state averages.
These high costs can be crippling for many potential families and make treatment seem like an impossible dream. some insurance plans cover fertility services, so check with your insurance provider to see if you have coverage through your employer. Some companies will offer a certain number of cycles as part of the plan or a percentage of treatment off.
Examples of companies that offer fertility coverage as a workplace benefit
There are a growing number of companies, but some of the most notable examples include Apple, Facebook, Google, Microsoft, and Amazon. These companies understand the importance of helping their employees start or grow their families, and they are willing to invest in the necessary resources to make this happen.
What kind of fertility services are usually offered by employers?
The majority of plans will cover at least some part of in-vitro fertilization (IVF), sperm analysis, egg freezing, and monitoring. However, each plan is different, so it is important to check with your employer before assuming that they will be covered. Additionally, some employers may only cover a certain portion of the process, or group it into general health coverage.
The trend of having fertility services in the workplace is growing. Offering fertility services as a benefit can improve employee productivity, morale, and retention rates while also helping to attract new talent. As an employee, a company that offers fertility services could be the deciding factor between two job offers so it is important to include this when asking about included benefits before committing to a new workplace!
Why New Hope?
New Hope Fertility Center is home to world-renowned fertility specialists. We custom design fertility treatments for the individual to increase the chances of a successful pregnancy. Our specialists believe in putting the patient first and being with them through every step of the fertility journey. Our team is well versed in helping women of all ages reach their fertility goals and we are passionate about educating, and supporting our patients throughout their journey. If you want compassionate fertility care, New Hope is the right place for you. Call us at (347) 970-8479 or schedule your initial consultation today!