Hoping to start a family someday is a priority for many people, even if it’s not always a part of daily workplace banter. However, one in eight U.S. couples experience infertility. Growing a family becomes an incredibly widespread issue when you factor in LGTBQ couples, those wishing to adopt, and single parents by choice.
The time is now for employers to add family-building benefits to their employee benefits package.
Offering a family-forming support program is a great way for employers to grow their benefit package. Currently, only 17 states have laws requiring insurers to either cover or offer coverage for infertility diagnosis and treatment. And even then, coverage does not guarantee that an employee would qualify, as insurance companies often have very specific qualification criteria.
Family-building benefits can change many people’s lives, including men and women struggling with infertility, LGBTQ individuals, people who want to adopt, and singles who would like to raise a family.
Furthermore, 10% of women report they or their partners have received medical assistance to become pregnant, and men and women are both affected by infertility challenges – roughly 40-50% of infertility problems are male-factor issues.
When it comes to issues surrounding starting a family, so many populations are at stake, and offering a family-forming support program just makes sense.
As employers navigate the current employee’s market and try their best to recruit and retain workers, offering family-building benefits may be an advantage to stand out from their competition.
Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.
