High-cost infertility treatments, such as in vitro fertilization (IVF), can be a significant financial burden for many individuals and families. Today, the emergence of high-quality, cost-effective family-forming solutions to address fertility-related challenges provide strategies that can ease this financial strain and make IVF more accessible. This support also promotes overall wellbeing, improves workplace performance and productivity and enhances employee satisfaction with health benefits packages. Concurrently, employers that offer these benefits are able to attract and retain a talented workforce.
Tackling the financial challenges of IVF
Infertility impacts between 10% and 15% of couples, with 1 in 5 facing difficulties in conceiving. Additionally, single people and those in the LGBTQ+ community who want to have a family often need fertility care services. IVF is a crucial option for many, yet it comes with a hefty price tag, often surpassing $70,000 for the average 2.5 cycles required for success. The cost of a single IVF cycle typically falls between $20,000 and $30,000 when all costs are included and over half of patients need more than one cycle to achieve a successful pregnancy. This financial strain can discourage many from pursuing IVF, which can lead to significant emotional and psychological stress.
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