At $23,000 An IVF Cycle, Fertility Benefits Are ‘Life Changing’ For Workers. Will They Keep Growing?

Article excerpt

With a single IVF cycle costing $23,000, companies that added fertility benefits during the tight labor market of recent years may be tempted to cut them now that hiring has eased. Workers describe the coverage as transformative, a financial lifeline for those pursuing parenthood. But the political spotlight on America's declining birthrate could work in their favor. State insurance mandates and corporate commitments made during the worker shortage may survive the shift in bargaining power, particularly if employers recognize that fertility benefits attract and retain talent across demographic groups.