National US homebuilder and land developer Taylor Morrison is enhancing its suite of employee perks to include additional fertility benefits
Team members enrolled in any of Taylor Morrison’s medical plans will now be eligible for up to $20,000 in fertility benefits covering a range of treatments such as in-vitro fertilization (IVF), intrauterine insemination (IUI), fertility testing, and restorative treatments.
The company is also introducing financial support for surrogacy assistance. These fertility benefits are in addition to the company’s established paid parental leave and adoption assistance.
Chairman and chief executive officer, Sheryl Palmer, a mother of three and a grandmother of five, said the journey to parenthood can sometimes be difficult.
She said: “The journey to parenthood oftentimes isn’t linear or without trials.
“There is also a magnitude of diversity when it comes to the different ways families are built, including people struggling with infertility and those who become parents later in life, to single parents and LGBTQ+ couples.”
One in eight couples struggles with fertility according to the Centers for Disease Control and Prevention’s national survey of family growth.
The average cost of one IVF cycle ranges from $12,400 to $30,000 and surrogacy costs in the U.S. rank the highest in the world.
One long-time Taylor Morrison team member with a 20-year tenure recounts her own experiences with fertility treatment five years ago, costing upwards of $65,000.
“To alleviate some of the associated stress and financial burden that comes with building a family through avenues like IVF, surrogacy or adoption is one of the most meaningful ways we can take care of and support our team members,” Sheryl added.
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