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As organizations look ahead to benefits packages for the coming year, many are prioritizing fertility and adoption support, according to a report from the International Foundation of Employee Benefit Plans. These benefits can prove advantageous in attracting and retaining talent, saving on health care costs, meeting DEI goals and supporting the wellbeing of employees, said IFEBP.
The report revealed that 42% of employers offer fertility benefits this year, up from 30% in 2020. Coverage for fertility medications has increased from 8% of companies in 2016 to 32% this year, and coverage for in vitro fertilization procedures is covered by 32% of companies this year, up from 13% in 2016. While a growing percentage of companies are covering genetic testing, non-IVF treatments, and egg harvesting or freezing, the percentage of employers offering these benefits remains less than 20%
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