On June 25th, the American maternity care platform Stork Club announced that they will partner with Virginia-based Fairfax Cryobank and Fairfax Eggbank to offer donor egg and sperm coverage to their clients
LGBTQ+ members, single parents, and individuals with genetic health issues will all qualify for the new benefits. This is in addition to their existing fertility care offerings, including in vitro fertilisation (IVF), surrogacy, adoption, and pregnancy support.
While platforms like Stork Club are becoming more popular, most US employers do not offer any fertility benefits
According to an annual survey from the Society for Human Resource Management (SHRM), only 19% of American companies offer any sort of IVF benefit, and 18% provide other infertility treatment coverage. This is contrasted to the 63% of LGBTQ individuals who said that they plan or hope to use either foster care, adoption or assisted reproductive technology if and when they want to have a family.
However, things are starting to change, especially with larger employers. According to a 2019 survey from the International Foundation of Employee Benefit Plans, nearly 30% of employers with more than 500 workers offer fertility benefits of some kind; this marks an increase from 24% in 2016.
Do fertility benefits attract talent?
Companies are starting to realise that fertility benefits will attract leading talent. According to a 2019 joint survey from Extend Fertility and Fairygodboss, women aged 35-44 were 60% more likely than younger women (ages 25-34) to view companies that offer fertility benefits, such as egg freezing, favourably.
The study explained that a woman’s assessment of the value of egg freezing and IVF allowances, “may significantly depend on a woman’s own family-building status. The gap in the perceived value of fertility benefits seems to indicate that these benefits are still seen as useful to only a marginal few — even though about 10% of women of childbearing age in the US have difficulty getting or staying pregnant.”
As more women realise that fertility benefits are out there, it will be interesting to see if these benefits affect their job hunting behaviour. Similarly, it will be equally interesting to see if more LGBTQ+ and single parents choose to work with companies that offer the new Stork Club donor gamete coverage.
What is Stork Club?
Stork Club is the only fertility benefit platform that consolidates every aspect of fertility and maternity care into one package. They offer better outcomes while reducing employers’ healthcare costs. Stork Club has been on the vanguard of providing crucial (yet often overlooked) aspects of fertility healthcare to single parents, straight couples, and LGBTQ+ families. They offer companies the opportunity to provide their employees with diagnostics, egg and sperm freezing, IVF, surrogacy, adoption, childbirth with doulas, and breastfeeding support. Stork Club can save companies with up to 1000 employees $3 million each year.
Stork Club founder and CEO Jeni Mayorskaya is thrilled to offer this new benefit
“Having a family is a fundamental human right for all employees, regardless of sexual orientation. Companies on the right side of history are rethinking their maternity coverage for the modern family. The path to parenthood for an LGBTQ+ family can be very scary, confusing, and lonely. By providing access to donor tissue, IVF, surrogacy, and specialized pregnancy support, we’re proud to offer the first comprehensive program designed for LGBTQ+ parents.”
Would you consider a different employer if they offered extensive fertility benefits? We would love to know your thoughts at firstname.lastname@example.org