Employers are beefing up benefits packages to lure workers in a tight labor market, and many are adding pricey fertility benefits — such as in-vitro fertilization and egg freezing — to their offerings.
Benefits around fertility and family-building have long been overlooked by employer health care plans, but that's rapidly changing.
Employers can play a vital role in helping people find alternative options to grow their families, she says."Earlier in my career, it was so rare for companies to offer this," says Alice Vichaita, head of global benefits at Pinterest, which covers fertility services for its global workforce. "More and more companies are becoming aware that this is really an inadequacy in our health care system.
97% of employers who provide this coverage say it has not resulted in a significant increase in medical plan costs, per11% of U.S. employers with 500 employees or more covered egg freezing in 2020, compared with just 5% in 2015, according to the Mercer study. When looking just at firms with 20,000 employees or more, the 2020 share is 19%.
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