Disability Coverage
Disability coverage provides you with financial income protection if you become disabled and are unable to work due to illness, injury or pregnancy
2024 Plan Information
Disability coverage provides you with financial income protection if you become disabled and are unable to work due to illness, injury or pregnancy
COVID-19 Update: The Firm has temporarily adjusted this policy as follows to better support employees.
Benefits-eligible employees who have been affected by COVID-19 (or any other illness) and cannot work due to their own disability or illness, should call MetLife as soon as practicable at 800-498-5306 to request Short-Term Disability benefits.
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Short-Term Disability (STD) insurance is provided at no cost to benefits-eligible employees. However, the STD benefits on this site do not apply to Saxon employees of the Morgan Stanley US Residential Mortgage Business. For more information, Saxon employees should see the Benefit Center website for their STD policy.
Additional limitations and exclusions may apply. See the Health Benefits and Insurance SPD for details.
Short-Term Disability Benefit |
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Benefit |
See the Health Benefits and Insurance SPD for benefit information. |
When Benefits Begin |
When MetLife declares you disabled and you have been unable to work due to an injury, illness or pregnancy for eight or more consecutive calendar days |
How Long Benefits Last |
Up to 180 days retroactive to your first day of disability |
If you live or work in California, Hawaii, New Jersey, Rhode Island or Puerto Rico, you must apply for benefits through the applicable state disability plan. You will incur a payroll deduction for a mandatory STD program required by your state. For your convenience, state-provided benefits you are eligible to receive are included in your Morgan Stanley paycheck (unless you live in the state of Hawaii). If you receive any state-provided benefits separately, you must contact MetLife and return these benefits to Morgan Stanley. You are not entitled to receive more than the total amount of Morgan Stanley STD benefits and any state-provided benefits are an offset to the benefits provided by the STD benefits under the Plan.
U.S. benefits-eligible employees will default into Long-Term Disability coverage during the benefits enrollment period as a way to protect a portion of their income if they are unable to work due to illness or injury. (Limitations and exclusions may apply.) You pay the full cost of Long-Term Disability. Your contributions are deducted from your pay on an after-tax basis.
Continue your income if you can’t work due to illness or injury.
Long-Term Disability Benefit |
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Benefit |
60% of your benefits eligible earnings, up to $25,000 maximum per month |
When Benefits Begin |
When MetLife declares you have been disabled for 180 days |
How Long Benefits Last |
See the Health Benefits and Insurance SPD for benefit information. |
You will be automatically enrolled for LTD coverage, even if you previously waived coverage. If you do not wish to have LTD coverage next year or in subsequent years, you must actively waive coverage during the benefits enrollment period.
Employees with eligible pay of $500,000 or more may be eligible to purchase up to $15,000 per month of additional portable Individual Disability Income Insurance coverage issued by Unum. If you are eligible, Lenox Advisors, financial professionals with expertise in executive benefits and individual insurance, will contact you within the first quarter of the year.
For additional information on Long-Term Disability (LTD), see the Health Benefits and Insurance SPD for details.
contact
MetLife
STD & FMLA Group Number: 308160
LTD Group Number: 143274
Leave Initiation
Please watch this important video on your 2016 Morgan Stanley Benefits.