As organizations look ahead to benefits packages for the coming year, many are prioritizing fertility and adoption support, according to a report from the International Foundation of Employee Benefit Plans (IFEBP). These benefits can prove advantageous in attracting and retaining talent; saving on healthcare costs; meeting diversity, equity, and inclusion (DEI) goals; and supporting the well-being of employees, said IFEBP.

The report revealed that 42 percent of employers are offering fertility benefits this year, up from 30 percent in 2020. Coverage for fertility medications has increased from 8 percent of companies in 2016 to 32 percent this year, and coverage for in vitro fertilization (IVF) procedures is covered by 32 percent of companies this year, up from 13 percent in 2016. While a growing percentage of companies are covering genetic testing, non-IVF treatments, and egg harvesting or freezing, the proportion of employers offering these benefits remains at less than 20 percent.

"We're continuing to see a steady increase in fertility and family-forming benefits because of its high value by talent regardless of gender identity or relationship status," said Julie Stich, CEBS, vice president of content at the International Foundation. "Additionally, these benefits are a positive way to create a more inclusive workplace."