If you ask most people how much IVF or similar treatments cost, they might make an educated guess that it’s in the thousands, but they would most likely greatly underestimate the true cost.
CNBC recently published an article titled “Coverage for fertility treatments often comes up short” that takes a deeper look at the staggering costs hopeful parents-to-be are hit with as they explore fertility treatments, and how the majority of employer benefits and insurance plans do not provide the right coverage.
The average cost of IVF for a couple trying to conceive is $50,000 – and most health insurance plans do not cover the wide spectrum of fertility treatments. According to FertilityIQ, “About 80% of people who underwent IVF fertility treatments in 2018 had hardly any or no coverage.”
While there has been an increase in the number of companies paying more attention to developing comprehensive voluntary benefit plans that include “hot” benefits of the moment like, pet insurance or student loan reimbursement, fertility has been left behind. Including access to fertility treatments and resources in benefits packages is still largely uncommon, especially for small and mid-size companies whose resources and budgets for health insurance are already tight.
At Nubundle, we’re here to make to shine a spotlight on the importance of fertility benefits and help progressive companies seamlessly offer support to all employees.
When an employer partners with Nubundle, not only will employees feel more supported and loyal to their company, it requires little implementation time and extra resources from the HR team. Offered as a voluntary benefit, employers pay only an annual admin fee, which gives all of the employees at a company access to our family planning concierge and care coordinators, preferred treatment pricing, and financing support, no matter what stage of the family planning process they are in.
Starting a family is hard enough. Nubundle is here to make it a little easier. To learn more about supporting your employees on their journey to parenthood, reach out to us today: https://www.nubundle.com/welcome.html