A New Era of Family Benefits: IVF Coverage Soars for Workers, But Will It Last?
Companies are increasingly offering IVF benefits, a costly and complex procedure, to retain top talent in a tight labor market. For workers like Jaclyn and Dustin Glass, these benefits have been a game-changer, but their future is uncertain.
$23,000 per cycle – that’s what a single IVF treatment can cost, a staggering expense that has left many couples struggling to afford the procedure. For the Glass family, however, their employer’s decision to cover IVF costs was a lifeline. With the added weight of medical bills, they might not have been able to try IVF otherwise.
Experts say companies added IVF coverage when workers were scarce, giving them a competitive edge in attracting top talent. But with the labor market now shifting in favor of employers, it’s unclear whether these benefits will continue to grow. Employers still have the upper hand, and it’s possible they might start to roll back these perks.
The Birthrate and Benefits: A Complex Connection
A national focus on the declining birthrate could, however, protect IVF benefits. The United States has been facing a declining birthrate for years, and some lawmakers are pushing for policies to support families and encourage more people to have children. If these efforts gain traction, companies might be less likely to drop IVF benefits, as they could be seen as contributing to the national conversation on family support.
Employers might also recognize the value of IVF benefits as a long-term investment in their workforce. By supporting their employees’ family-planning goals, companies can foster a more loyal and dedicated team. This could lead to increased productivity, reduced turnover, and a more positive corporate culture.
What This Means
For workers like the Glass family, the future of IVF benefits is uncertain. While these benefits have been a lifeline for many, their long-term viability is far from guaranteed. If you’re considering starting a family, now might be the time to explore IVF benefits with your employer. But in a shifting labor market, it’s essential to stay informed and be prepared for changes in your company’s policies.
