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Employee benefits programs: Financial Wellness Program: Origin vs. Fertility Benefits: Progyny

Quick Verdict

Origin is a strong choice for companies looking to improve their employees' financial well-being, particularly among younger demographics. Progyny is a better fit for organizations that want to offer comprehensive fertility and family-building benefits with a focus on inclusivity and data-driven results. Choosing between the two depends on the specific needs and priorities of the employer and their workforce.

Key features – Side-by-Side

AttributeFinancial Wellness Program: OriginFertility Benefits: Progyny
Program FocusFinancial WellnessFertility and family building benefits, including preconception, fertility treatments, adoption, surrogacy, pregnancy, postpartum, return-to-work, menopause, and midlife care.
Target Employee DemographicMillennials and Gen Z employeesEmployees of companies that offer Progyny as a benefit and are enrolled in an eligible medical plan. Progyny aims to be inclusive of all, including single parents by choice and LGBTQ+ individuals and couples.
Program Cost StructureNot availableProgyny uses a "Smart Cycle" model, which bundles services, tests, and treatments into a comprehensive benefit. Each treatment or service is valued as a portion of a Smart Cycle. Employers receive detailed quarterly and annual reports on clinical outcomes, utilization, spend, and member satisfaction. The cost to employers is customized based on the company and employee population.
Geographic CoverageServices are available in all 50 states and 54 countriesProgyny Global offers services in over 100 countries.
Integration with Existing BenefitsIntegrated into the Sequoia People PlatformProgyny fits into existing benefit ecosystems, providing coverage for preconception, fertility, adoption, surrogacy, pregnancy, and more.
Employee Education ResourcesLessons, articles, and a twice-weekly newsletter called 'The Gist'Progyny offers a curated content library with articles and resources written by Progyny providers and other experts. Resources cover topics like IVF, IUI, egg freezing, adoption, surrogacy, pregnancy, and menopause.
Personalized Support OptionsUnlimited 1-on-1 access to Certified Financial Planners (CFPs) through video or in-app chatMembers are matched with a dedicated Patient Care Advocate (PCA) who provides support and guidance. PCAs can connect members to clinical educators (fertility nurses and embryologists) and surrogacy and adoption coaches.
Success Rate/Outcomes Measurement42% increase in employee retirement contributions on average; $5,600 in attrition savings per employeeProgyny reports actual outcomes for members and provides employers with detailed reports. Progyny members have more successful pregnancies, fewer miscarriages, and more live births. Specifically, there are 12% more pregnancies per IVF transfer, 21% fewer miscarriages, and 23% more live births.
Vendor Reputation and ExperienceBacked by VC firms and investors like 01A, Founders Fund, Felicis Ventures, and General Catalyst. Used by companies including Lattice, Roku, and Udemy.Progyny is a leading fertility benefits management company. They partner with top fertility specialists and have NCQA accreditation in credentialing.
Ease of ImplementationNot availableProgyny offers full-service implementation and a dedicated client success manager for multinational clients.
Data Security and PrivacyNot availableProgyny takes data security and privacy seriously, using industry best practices for data protection. They maintain a dedicated privacy team and require annual privacy and security training for all personnel.
Employer Reporting and AnalyticsHR teams use Origin to engage employees, explain employee equity, and increase benefit utilization.Progyny provides employers with detailed quarterly and annual reporting on clinical outcomes, utilization, spend, and member satisfaction.
PriceNot availableNot available
RatingsNot availableProgyny members have more successful pregnancies, fewer miscarriages, and more live births compared to national averages. Specifically, there are 12% more pregnancies per IVF transfer, 21% fewer miscarriages, and 23% more live births.

Overall Comparison

Origin: 42% increase in employee retirement contributions. Progyny: 12% more pregnancies per IVF transfer, 21% fewer miscarriages, and 23% more live births.

Pros and Cons

Financial Wellness Program: Origin

Pros:
  • Addresses financial stress by providing tools and expert advice
  • Helps with debt payoff
  • Helps with saving for down payments
  • Helps with planning for a child
  • Increases benefits engagement
  • Increases utilization of 401(k)s and HSAs
Cons:
  • Cost information not available
  • Ease of implementation details not available
  • Specific data security measures information not available

Fertility Benefits: Progyny

Pros:
  • Comprehensive fertility and family building benefits
  • Inclusive of all, including single parents by choice and LGBTQ+ individuals and couples
  • Global coverage in over 100 countries
  • Personalized support with a dedicated Patient Care Advocate (PCA)
  • Detailed reporting on clinical outcomes, utilization, spend, and member satisfaction
  • Full-service implementation and dedicated client success manager
  • Strong data security and privacy measures
Cons:
  • Cost to employers is customized and may vary
  • Specific coverage depends on the plan

User Experiences and Feedback