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December 2020  Volume 18, Number 12        

Family Friendly Benefits Now Include Fertility Treatments

A new trend in employer-sponsored benefits is fertility benefits. Not only do these family friendly benefits meet employees' needs, they save companies and individuals money.

According to the Centers for Disease Control and Prevention, one in eight Americans is affected by infertility. In addition, the LGBTQ+ community has actively sought fertility treatments as a way to have children. The Family Equality Council reports that 77 percent of LGBTQ+ individuals aged 18 to 35 are already parents or are considering having children — a 44 percent increase over previous generations.

Of those who pursue fertility treatments to create their family, the cost can be prohibitive. The average cost of In Vitro Fertilization (IVF) treatment can range from $22,000 to $30,000 depending on the treatment location, medications used, and testing required. In addition, it can take multiple treatments for a woman to become pregnant. With the median salary for a full-time employee in the United States close to $51,000 a year, fertility treatments are often out of reach for many individuals.

There is no set formula for what an employer-sponsored fertility benefit program must cover. Covered treatments might include IUI, IVF, egg freezing, surrogacy, adoption reimbursement, genetic testing and medications. Also, there may be requirements for pre-authorizations, dollar maximums or clinic restrictions.

With a managed fertility benefit, however, providing clinical oversight, pharmacy, neonatal intensive care and other health care related costs are often reduced considerably. In addition, there is less chance of having a multiple pregnancy. Not only are single pregnancies more healthy, according to WINFertility, the average nursery/NICU admission for twins can run over $80,000 — and triplets can cost $400,000.

Employees who utilize a managed fertility benefit often return to work sooner than those who don't. They are also often more loyal, reducing employee turnover.

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In this issue:

Employers to Cut Back on 2021 Salary Increases

Taking the High Cost of Relocation Out of the Equation

What it Takes to Add Inclusion to Your Diversity Efforts

2021 Health Care Costs Could Reach Double Digits

Family Friendly Benefits Now Include Fertility Treatments



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