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Employers Offering IVF Benefits? - YouTube
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Women love to hit Starbucks for a hot coffee,
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a frappucino, or maybe even a morning bagel,
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but how about fertility treatments?
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Get this, women are actually applying for jobs
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at the coffee giant because they specifically offer
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in-vitro fertilization treatment benefits
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to their employees, even part-timers.
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What do you all think?
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I love this.
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Wow.
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This is a big perk.
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I agree and you know, we know that one in eight couples
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in the United States will be impacted by infertility.
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And we know that IVF can be $15,000, $20,000
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with people having go through two or three cycles
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before they even get pregnant once.
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And my thing is like, I wish people really understood
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the emotional rollercoaster associated with infertility.
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Some people are almost going bankrupt,
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you know, loving relationships are crumbling and
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in some cases, people even question their self-worth.
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And, of course, if you are doing that, please stop.
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Don't question your self worth, but you know
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that happens sometimes and the truth is
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IVF doesn't work for everybody and I know that companies,
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it's a business, and so they're not going to go bankrupt
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and pour all of their money into IVF, but think about it.
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If emotionally like your world was crumbling around you
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and you worked for a company that had the means to do so,
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they brought in billions of dollars a year,
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wouldn't you want them to help you?
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Like, it's the right thing to do.
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Well, they're covering,
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(audience applause)
I guess $20,000
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for IVF and related meds for eligible employees.
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I'm gonna take a little different position on this.
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At the end of the day companies like Starbucks
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pay their workers really low wages
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and you can't put food on the table or pay your rent
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or pay your car insurance with this kind of benefit.
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So, although I appreciate it, but I wish these companies
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would think about increasing their wages
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so that low-income workers can take care of their families
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and can pay their rent and their other bills.
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(audience applause)
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I think it does highlight something
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very difficult in healthcare, which is you do,
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you have to make choices because if you offer one benefit,
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you're probably gonna have to pull back another one
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'cause not every company out there
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has endless amounts of money to pay for benefits.
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And some companies, they'll offer higher wages
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with terrible benefits.
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Some companies offer lower wages with great benefits.
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I wish you could do both, but those scenarios,
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I do.
And, I'm concerned,
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I mean this is a big ticket item.
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I mean the money has to come from somewhere, are you--
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Yeah, but think about the economics.
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It's a big ticket item, but how many people
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are going to take advantage
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of this benefit versus the
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hundreds of thousands
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of employees that they hire, so the economist
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in me says, you're offering a benefit that
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looks great, but really how many people,
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let's do the math on that are taking advantage
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of that benefit versus the regular employees
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who work there every day who we know would
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benefit from higher wages.
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Good point.
I don't know, I like it.
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I like it.
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I like it, but I also think of the struggling single
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mothers who can't put food
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on the table
This may be an unpopular
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thing to say, but why is it still so expensive?
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I don't think I've seen the price tag
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go down, I feel like maybe that price tag
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should come down so it's more affordable
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for more families because like, no one asks
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that question because that's the one thing
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that's out of reach for so many families
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and to me, if it's $20,000 on average
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per cycle, and it takes sometimes two to three cycles
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even if you do get that benefit, realistically,
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personally, this is a great benefit I know for
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people to have, but I would love at some point
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for the economics of it to be better for everyone.
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Well here's a solution, offer the benefit
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for those that want to take advantage of it
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and those that don't, can they get the cash?
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Or another option?
(audience applause)
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And put it to other good use.
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That's where flex benefits come in,
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where you're given a certain amount of money
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to spend on benefits and you choose
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you may want coverage for acupuncture,
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you might want coverage for IVF,
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and that's where flex benefits come into play
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and companies that offer generous flexible
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benefit plans, I think their employees are very happy.
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And some employers do that they say if you don't want
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to take advantage of the health insurance
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that we're offering, you can get it in bonuses,
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you can get it in wages, you can get it in other benefits,
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so this would be the perfect benefit to make available
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as a flex benefit.
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Well, both of you raise excellent points.
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