Two Silicon Valley giants now offer women a game-changing perk: Apple and Facebook will pay for employees to freeze their eggs.
Facebook recently began covering egg freezing, and Apple will start in January, spokespeople for the companies told NBC News. The firms appear to be the first major employers to offer this coverage for non-medical reasons.
“Having a high-powered career and children is still a very hard thing to do,” said Brigitte Adams, an egg-freezing advocate and founder of the patient forum Eggsurance.com. By offering this benefit, companies are investing in women, she said, and supporting them in carving out the lives they want.
When successful, egg freezing allows women to put their fertility on ice, so to speak, until they’re ready to become parents. But the procedure comes at a steep price: Costs typically add up to at least $10,000 for every round, plus $500 or more annually for storage.
With notoriously male-dominated Silicon Valley firms competing to attract top female talent, the coverage may give Apple and Facebook a leg up among the many women who devote key childbearing years to building careers. Covering egg freezing can be viewed as a type of “payback” for women’s commitment, said Philip Chenette, a fertility specialist in San Francisco.
The companies offer egg-freezing coverage under slightly different terms: Apple covers costs under its fertility benefit, and Facebook under its surrogacy benefit, both up to $20,000. Women at Facebook began taking advantage of the coverage this year.
Read more at NBC News