Japan’s Financial Services Agency (FSA) is reportedly planning to allow insurance companies to cover infertility treatment in the country as part of the government’s efforts to address the declining birthrate.
According to the Kyodo news agency, the plan, which could start in the second quarter of this year, could be offered as an additional option within their medical insurance programs, the report added.
The Financial Services Agency is set to solicit opinions on the issue before revising ordinance for the Insurance Business Law.
Initial information, however, revealed that insurance companies themselves will have to develop the coverage.
In Japan, where birthrate is on a decline, infertility treatment is on the rise but the cost are not covered by public medical insurance. – BusinessNewsAsia.com