Family Formation Benefits
What are Family Formation Benefits?
Family formation benefits, sometimes referred to as fertility benefits, includes diagnostic services to identify infertility challenges to complex medical procedures including IUI and IVF. Family formation benefits also include egg or sperm freezing, donor eggs/embryos, or surrogacy and adoption support.
Did You Know?
As of 2023, 40 percent of employers in the US provide some family formation benefits as part of their employee benefits programs, though the spectrum of care coverage and benefit reimbursements ranges significantly.
Securing Top Talent
51% of employers that added family formation benefits cited staying competitive in recruiting and retaining top talent as motivating factors.
77% of Millennial and Gen Z employees say they would stay at a company if it offers family formation benefits.
Increasing Retention Rates
81% of employers who cover IVF reported higher-levels of employee satisfaction.
88% of women who had their IVF fully paid for by their employer returned to work with following their maternity leave.
53% of employees reported staying longer with an employee after having their IVF fully covered by their employer.
Increasing Productivity
40% of employees report feeling stressed about the cost of family formation treatments and associated debt. However, 22% of employees whose IVF costs were covered by an employer-plan reported being more likely to work harder at their job.
Cost-Savings for Both Employers and Employees
