Benefits Think Rethinking long-term parental benefits and well-being

Published 5 Min Read

Couple with paperwork
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The journey to parenthood is as unique as the people embarking on it. Becoming a parent is a transformative experience that impacts our mental, social, and financial well-being. Yet, for far too long, this journey has been viewed as a one-size-fits-all, linear path. The reality is that it’s often more financially burdensome than we think. Despite the magnitude, family-forming solutions and childcare support are largely funded out-of-pocket.

As societal norms shift, new technologies emerge, and family formation changes — both in terms of the family structure itself, as well as how people form their families — employers have an opportunity to reshape benefits, embracing an empathy-first approach that supports a broad spectrum of prospective parents. 

Jessica Ruggles
Corporate Vice President, Financial Wellness

Jessica Ruggles is the corporate vice president of financial wellness at life insurance company New York Life.


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