As legislative changes around fertility care expand across the country, employees are increasingly prioritizing access to quality fertility care when considering employment opportunities.
This shift is reshaping the landscape of recruitment and retention, compelling employers to reassess their benefits offerings to maintain a competitive edge in the marketplace.
The Current Landscape and Impact of Expanding Fertility Benefits
A detailed report from Resume Builder highlights a notable trend: 20% of workers are hesitant to seek job opportunities in states with restrictive reproductive policies. This sentiment underscores the growing importance of reproductive health benefits in the decision-making process for many job seekers.
Expanding fertility benefits has a profound and far-reaching impact on women and families. By democratizing access to essential fertility care, these benefits help address long-standing disparities in reproductive health.
This inclusivity ensures that more individuals, regardless of their socio-economic background, can pursue family-forming options. Comprehensive fertility care supports a diverse workforce by enabling employees from various backgrounds to access the care they need.
Furthermore, access to comprehensive fertility care can play a crucial role in mitigating issues that contribute to the pay gap. Women often face career interruptions due to fertility challenges, which can lead to lost wages and stalled career progress.
By providing robust fertility benefits, employers can help reduce these interruptions, offering equitable opportunities for all employees to pursue their career and family goals simultaneously.
The expansion of fertility benefits is not just a perk; it is a critical component of a supportive and inclusive workplace. It addresses disparities, supports workforce diversity and provides equitable opportunities, ultimately leading to a more engaged and satisfied employee base.
Leading Examples and Employer Initiatives in Expanding Fertility Benefits
Some states are setting positive examples by expanding fertility benefits. Maine and Illinois, for instance, have enacted comprehensive mandates that provide robust fertility care coverage. These states are pioneering democratized access to fertility care across a much broader and inclusive demographic.
Such legislative actions not only support individuals and families but also create a competitive advantage for employers within these states. By mandating fertility benefits, these states help ensure that smaller and mid-market fully insured employers can offer competitive benefits, which in turn pressures larger self-funded employers to provide similar, if not better, fertility benefits.
In addition to state mandates, many self-funded employers are proactively offering rich fertility benefits even in the absence of state requirements. These employers recognize the importance of comprehensive fertility care in attracting and retaining top talent.
By offering these benefits, they demonstrate a commitment to employee well-being and inclusivity, setting a standard for others to follow. This proactive approach by self-funded employers highlights the growing recognition of fertility care as a crucial component of competitive employee benefits packages, further promoting a culture of support and inclusivity in the workplace.
ARC Fertility: Addressing the Gap
While the broader trend towards mandated fertility benefits is promising, there remains a significant gap in coverage and access. ARC Fertility addresses this gap by offering comprehensive solutions that align with the evolving needs of employers and employees alike.
Quality Care
- ARC’s network consists of specialists rigorously vetted to provide the highest standard of evidence-based care. Packages ensure personalized and effective treatment plans tailored to each patient’s unique needs. Superior outcomes are backed by data verified by the Validation Institute (VI) and further evidenced by a net promoter score of 80+, demonstrating high levels of patient satisfaction and trust.
Cost-effective Solutions
- ARC offers solutions at the lowest possible cost, including savings of 15% or more compared to competitors. Key differentiators include eliminating per-member-per-month (PMPM/PEPM) fees, ensuring that services are only paid for when used and no access fees for digital capabilities or concierge support. ARC is able to reduce costs by offering discounted prices for treatments, avoiding waste, preventing miscoding, providing financing options and maintaining a proven track record for reducing twin rates make treatments more accessible and affordable for payers. This includes employers, health plans and their plan participants.
Flexible Support
- ARC provides more than just medical solutions. ARC’s Concierge Care Navigators offer personalized guidance, helping patients manage treatment stress and access necessary resources. Featuring an inclusive plan design, ARC provides optional services such as discounted prescriptions and comprehensive fertility health services for both women and men. Employers can customize plans by defining subsidy levels, allowing them to tailor benefits to meet the diverse needs of their employees. As a result, patients receive not only medical treatment but also holistic support that addresses their individual circumstances and preferences.
The Path Forward
In a world where employee needs and legislative landscapes are rapidly changing, employers and policymakers must prioritize access to comprehensive fertility care. Surveys show strong public support for IVF coverage, yet many still lack adequate insurance for fertility treatments.
By embracing inclusive and comprehensive healthcare benefits, companies can better meet the needs of their current and future employees, strengthening their position as desirable places to work.
For more information on how ARC Fertility can assist your organization in providing comprehensive fertility health benefits contact ARC Fertility today.
Together, we can create a supportive and inclusive workplace that values and prioritizes the well-being of all employees.
