FertilityIQ recently released its 2016 list of top businesses to work for as a fertility patient. Criteria to make it on the list include categories such as lifetime treatment maximum, pre-authorization, exclusions, and clinic restrictions. IVF costs are now around $23,050, and only 80% of patients either have all or none of their treatment paid for by their employer. Those patients that had their treatment covered by their employers said they felt a greater sense of loyalty to their employer and stayed in their jobs longer.
Many companies exclude certain add-on treatments that are becoming necessary in the field of fertility treatment. The cost of many of these add-on treatments ranges from $3,000 to $7,000 out of pocket. Companies that do offer fertility benefits sometimes do not promote them, because may be nervous about the potential wide adoption of these benefits.
The list of top 10 companies with fertility benefits are:
- Bank of America
- Boston Consulting Group
The distinguishing factor for the top three companies is that they don’t place a cap on the cost of treatment for an employee who shows an infertility need; where cap flexibility was the number one criteria in ranking. The most competitive field for benefits is the technology field, with 6 employers in the top 10. Technology companies offered benefits nearly 35% higher than their peers in other categories. There was an overwhelming gap between the top two sectors in the average lifetime dollar maximum category, with the technology sector offering a lifetime dollar maximum of $42,000 and the fashion sector offering one of $33,300. By 2020, cycle volumes should exceed procedures, which will cause more companies to increase their benefits in order to help keep their employees happy and healthy.
The attorneys of Harden Jackson Law are devoted to servicing clients in all areas of family law, including divorce, custody, child support, property division, paternity, post-divorce modifications, prenuptial and postnuptial agreements, simple wills, adoption, surrogacy, and other areas of reproductive law. For more information, please contact us at 317.569.0770 or www.hardenjacksonlaw.com.
Remember, these blog posts are not meant to be legal advice. You should consult an attorney to discuss the specifics of your situation.
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