More and more employers are realizing the value of offering expanded benefits packages to their employees, and one area that’s become more and more popular here in recent years is that of fertility. What are fertility benefits, and why might you be thinking about offering them to your employees as part of your benefits packages?
At Nielsen Benefits Group, we’re here to offer a wide range of employee benefits solutions to employers around Sandy and other parts of Utah, including both small, medium and large businesses. In this two-part blog series, we’ll go over what fertility benefits are, why they’re becoming more desirable among employees, and some of the key benefits of offering them.
Basics on Fertility Benefits
For those just learning about it, fertility benefits are a type of employee benefit that provides financial assistance to employees who need help covering the costs associated with procedures and treatments related to fertility. This could include things like in vitro fertilization (IVF), egg freezing, sperm donation and other fertility-related expenses.
Infertility is an issue that impacts millions of people in the U.S., and it can be a costly and emotional journey for those facing it. That’s why fertility benefits are so important—they provide a way for employers to help their employees by offering them access to financial assistance for these medical treatments.
Not Reserved for Either Gender
There are misconceptions on both sides of the coin when it comes to fertility benefits. For example, some people mistakenly believe that these are only for women or couples trying to conceive. While it’s true that many of the treatments and procedures associated with fertility do require a woman, this isn’t always the case.
Fertility benefits can also be used by men who need help covering costs related to sperm donation or other treatments. They can also be used by those who are in the LGBTQ+ community, or for single people looking to become parents through donor services such as egg donation and IVF.
These benefits aren’t just limited to trying to conceive—they can also cover costs associated with surrogacy, adoption, pre-natal care and other related expenses.
It’s Typically a Low Cost to Employers
One of the great things about fertility benefits is that they’re typically offered at a low cost to employers. This means that it’s much easier for businesses to offer these services as part of their employee benefit packages, and many choose to do so.
In part two of this series, we’ll go over some of the chief benefits of offering fertility benefits to your employees, along with tips and advice on how to go about implementing them. Stay tuned!
At Nielsen Benefits Group, we provide a wide range of employee benefit solutions to employers around Sandy and other parts of Utah. If you’re interested in learning more about offering fertility benefits as part of your employee package, don’t hesitate to contact us today. We look forward to speaking with you!