Millions of Americans have Employer-sponsored health insurance and, as sad as it sounds, those benefits can often determine who can afford to start a family.
Luckily, as of 2020, 61% of employers with 500+ employees provide some fertility insurance coverage. Additionally, 63% of employers are planning to cover fertility services beyond the diagnosis of infertility.
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Employers adding or improving Fertility Benefits can make a profound difference to employees struggling to build their families. Considering that fertility methods cost tens of thousands of dollars, it’s easy to see the appeal of an employer who’s willing to help foot the bill. But what options do employers have if they don’t have a hefty budget for fertility benefits?
In this blog, we’ll go over why employers should offer fertility benefits, common fertility benefits that employees want covered, and how employers can cover the cost with a group coverage HRA (GCHRA) or a health stipend.
This post first appeared on Small Business Employee Benefits And HR, please read the originial post: here
