BusinessPostCorner.com
No Result
View All Result
Friday, July 17, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

More US employers offering fertility benefits again this year

September 16, 2024
in Human Resources
Reading Time: 3 mins read
A A
0
More US employers offering fertility benefits again this year
ShareShareShareShareShare

As U.S. employers look to bring in talent with inclusive workplaces that center employee needs, more are expanding their benefits portfolios to include fertility-related coverage.

According to a recent survey by the International Foundation of Employee Benefit Plans, 42% of U.S. employers polled offered fertility-related benefits in 2024, up from 30% in 2020.

This uptick comes as more employers consider fertility and family-building benefits imperative business tools. These benefits help employers attract and retain talent and support the overall wellbeing of their workforce, says Julie Stich, vice president of content for the International Foundation of Employee Benefit Plans.

In part, the push to expand fertility benefits may be related to broader attention to employee financial wellness. Fertility treatments can be expensive, often leaving them out of reach for low- to moderate-income employees. A single IVF cycle, for example, may cost upwards of $30,000, with a round of egg freezing costing about $8,000, according to the New York Times. In some instances, employees will take on additional jobs to cover the cost of fertility treatments.

“Employers want to be inclusive and make sure their employees feel valued and believe it’s a great organization to work for,” Stich says.

Here are the areas where employers have increased fertility-related benefit offerings in recent years:

Source: International Foundation of Employee Benefit Plans’ Employee Benefits Survey: 2024 Report

Fertility medications, in-vitro fertilization and non-IVF treatments, such as ovulation-stimulating drugs and intrauterine insemination, posted the largest increases—8 percentage points each—compared to 2020, according to the foundation’s report.

Medications are often a first or preliminary step before fertility treatment, Stich says, adding that employers may be trying to limit costs by covering less expensive measures like medication before moving onto more costly treatments, such as in-vitro fertilization.

Other trends include organizations wanting to design more inclusive employee benefits offerings, Stich says. “There’s a recognition now amongst employers that families come in all shapes and sizes,” she says.

That includes exploring how fertility benefits can help singles and gay couples build families, such as by covering the cost of sperm freezing and fertility testing, Stich says.

According to a recent Mercer report, 35% of employers offer men’s fertility testing, while 20% of employers cover sperm freezing, and 13% are considering offering men’s sexual health benefits.

Adobe and Cisco, for example, offer their employees financial assistance, regardless of gender, for adoption or surrogacy, as well as sperm, egg and embryo freezing and storage, according to a report by Reproductive Assistance. While these fertility benefits may not be new—sperm freezing has been available since 1952—tailoring programs to include single men and gay couples is relatively new.

Failing to help employees address infertility and family-building challenges can impact employers, Stich warns.

“If an employee is struggling with infertility, adoption delays or the related expenses, their work may suffer in the form of productivity loss, absenteeism or presenteeism,” Stich says. “Offering family-planning benefits can alleviate those stresses while supporting mental and financial wellbeing.”


Credit: Source link

ShareTweetSendPinShare
Previous Post

Paul Rabil, the ‘LeBron of lacrosse’, shares his leadership mindset playbook

Next Post

Healthcare benefits for dependent grandchildren on the rise

Next Post
Healthcare benefits for dependent grandchildren on the rise

Healthcare benefits for dependent grandchildren on the rise

SK Hynix stock jumps nearly 13% in Wall Street debut as demand for memory chips soars amid AI frenzy

SK Hynix stock jumps nearly 13% in Wall Street debut as demand for memory chips soars amid AI frenzy

July 10, 2026
AI — the catalyst and solution to advisory

AI — the catalyst and solution to advisory

July 13, 2026
Mark Zuckerberg’s Meta AI Just Revealed This Shocking Bitcoin Price Prediction for the End Of 2026

Mark Zuckerberg’s Meta AI Just Revealed This Shocking Bitcoin Price Prediction for the End Of 2026

July 16, 2026
Investors sell longer-dated AI debt amid Big Tech borrowing spree

Investors sell longer-dated AI debt amid Big Tech borrowing spree

July 10, 2026
New German rules require a doctor’s note from day one of illness

New German rules require a doctor’s note from day one of illness

July 10, 2026
The ‘facade’ of the U.S.-Iran ceasefire crumbles after after largest round of fighting in months

The ‘facade’ of the U.S.-Iran ceasefire crumbles after after largest round of fighting in months

July 12, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Trump Media to sell fast feed of key posts to Wall Street

Trump Media to sell fast feed of key posts to Wall Street

July 16, 2026
FASB chair plans for new standards, semiannual reporting

FASB chair plans for new standards, semiannual reporting

July 16, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!