The minister for Health and Social Services said that extending the number of IVF cycles for couples on the NHS from two to three was under "regular consideration".
Lesley Griffiths AM was answering questions on issues relating to her department on 28 November 2012.
"All eligible couples are already receiving two cycles of IVF, which is a very positive situation," said the minister.
She explained that in England, there were regional variations as to how many cycles couples could receive.
"We would in Wales like to offer people three cycles of IVF but we have to work with the NHS with Whisc to manage competing priorities on how money is to be spent."
Conservative AM Angela Burns raised concerns about the number of people who could not receive a cycle at all as they cannot produce their own eggs and there is a shortage of donated eggs.
The minister said she would "look into" the matter.
Ms Griffiths also answered questions on a variety of other subjects including increasing the number of people giving blood, advice to hospital A&E departments on dealing with patients with dementia and the provision of services to support parents of premature babies.