Business
New Survey from Progyny Shows Strong LGBTQ+ Demand for Inclusive Family Building Benefits
NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Progyny, Inc. (Nasdaq: PGNY), a transformative fertility, family building, and women’s health benefits solution,
About this update from Progyny, Inc.
[{"type":"text","content":"NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Progyny, Inc. (Nasdaq: PGNY), a transformative fertility, family building, and women’s health benefits solution, today released findings from its 2024 LGBTQ+ family building survey. The report, which surveyed over 1,100 LGBTQ+ individuals in the U.S. planning to build their families, highlights the unique challenges LGBTQ+ patients face, including struggles with insufficient access to care, financial constraints, and lack of mental health support throughout their family building journey. Progyny’s survey underscores the pivotal role employers can play in providing inclusive and comprehensive family building benefits that support all paths to parenthood. The findings highlight that employers can significantly improve the lives of LGBTQ+ employees by providing extensive support and resources for family building – these benefits are proven to promote a more inclusive workplace and strengthen employee loyalty. This data equips benefit decision makers with the insights needed to effectively support LGBTQ+ employees throughout their fertility and family building journeys. \"At Progyny, we believe that everyone deserves the opportunity to build their family, regardless of their background or identity,\" said Pete Anevski, CEO of Progyny. \"For the LGBTQ+ community, this often means navigating additional hurdles and challenges. By adopting comprehensive and inclusive family building benefits, employers can help ensure that every individual has access to the care and resources they need to realize their dream of becoming a parent.\" Key findingsOf the LGBTQ+ individuals surveyed: The majority of respondents (76%) indicated they are concerned about the cost of family building.Over half (54%) of respondents said that the costs associated with family building prevented them from growing their family.An overwhelming amount (83%) of respondents said they would consider leaving their employer for one that offered family building benefits.A significant 85% of respondents indicated they would take on a second job to gain employer-sponsored family building care.Nearly half of respondents (48%) said they are exploring adoption and a third (29%) said they are considering surrogacy. \"Inclusive family building benefits are transformative for employees on their journey to parenthood, especially those in the...