Discover What's New in 2019
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Expanded Benefits for Fertility, Adoption and Surrogacy
To help ease the financial burden employees may face when trying to grow their families, Morgan Stanley is expanding our benefits program in three ways, effective January 1, 2019:
Medical Coverage for Fertility Services
We are extending the Plan’s $30,000 lifetime infertility services benefit to any covered family member seeking fertility treatment — regardless of infertility diagnosis. Removing the diagnosis qualifier makes it easier for families seeking treatment to be covered, including employees who are single or in same-sex relationships.
HOW THE MEDICAL PLAN COVERS FERTILITY TREATMENT
If you are enrolled in UnitedHealthcare (UHC) or Cigna for medical coverage, regardless of whether you have an infertility diagnosis, the Plan will cover 80% of all in-network eligible expenses after you meet your annual deductible, and 100% of in-network eligible expenses after meeting your out-of-pocket maximum. The Plan will cover eligible medical and prescription drug fertility and infertility expenses up to a lifetime maximum of $30,000. Expanded services will include cryopreservation and storage of egg, embryo and sperm for a determined period of time.
Adoption Assistance Program
To better support parents welcoming an adopted child into the family, the Firm will increase the Adoption Assistance Program benefit from $5,000 per adopted child (or $6,000 when adopting a child with special needs) to $10,000 reimbursement per adopted child for adoption-related expenses.
HOW IT WORKS
Employees who have completed a qualifying adoption and submit an Adoption Assistance Program Application for Reimbursement within six months following the date the adoption is finalized (and before an employment termination date, if applicable) are eligible to receive a lump-sum payment up to $10,000 per adopted child to pay for certain adoption-related expenses. Reasonable and necessary qualified adoption-related expenses include, but are not limited to:
ADOPTION FEES
ATTORNEY FEES AND COURT COSTS
TRAVEL EXPENSES, INCLUDING LODGING AND MEALS WHILE AWAY FROM HOME
Surrogacy Assistance Program
Recognizing that there are many ways to grow your family, the Firm will introduce the Surrogacy Assistance Program to reimburse $10,000 of surrogacy-related medical expenses per child.
HOW IT WORKS
Employees who have completed a qualifying surrogacy and submit a Surrogacy Assistance Program Application for Reimbursement within six months following the birth of the child (and before an employment termination date, if applicable) are eligible to receive a lump-sum payment up to $10,000 per child to pay for certain surrogacy-related expenses. Because surrogacy laws vary state-by-state, eligible surrogacy-related expenses will be limited to qualifying medical expenses paid on behalf of the surrogate mother.
Note for parents intending to adopt a child born via surrogacy: If you plan to legally adopt the child born of a surrogate mother, you will be eligible for one $10,000 reimbursement.
Updates to the Medical Plan
With changes to all three Medical Plan options’ deductibles, out-of-pocket maximums and contribution rates, it’s important to carefully consider your anticipated medical expenses and choose the right option for your situation.
COMPARE THE THREE NATIONAL MEDICAL PLAN OPTIONS (IN-NETWORK)
| Option A | Option B | Option C |
|---|---|---|
| See 2019 paycheck contributions | ||
| Highest | Moderate | Lowest |
| Medical deductible | ||
Lowest
| Moderate
| Highest (medical + prescription drug)*
Important: Option C’s deductible works differently for preventive and non-preventive prescription drugs and family coverage. To learn more, search Option C Prescription Drugs. |
| Prescription drug deductible | ||
Lowest
| Lowest
|
|
| Medical out-of-pocket maximum | ||
Lowest
| Moderate
| Highest (medical + prescription drug)
|
| Prescription drug: out-of-pocket maximum | ||
Lowest
| Lowest
|
|
| Tax-advantaged accounts (optional) | ||
| Contribute to a Health Care FSA to pay for eligible 2019 medical, prescription drug, dental or vision costs (use-it-or-lose-it) | Contribute to a Health Care FSA to pay for eligible 2019 medical, prescription drug, dental or vision costs (use-it-or-lose-it) | Contribute to a:
|
*California employees may also choose medical coverage through Kaiser. Hawaii employees may elect coverage only from Kaiser or HMSA (UnitedHealthcare and Cigna are not available). Eligible US employees working overseas may also elect coverage from the Cigna Global Health Medical and Dental Plans.
New Vision Plan Option
Morgan Stanley is introducing a second Vision Plan option for 2019. The new option, Vision Plan Option A, will be a buy-up option, with increased frequency and allowance for frames and contact lenses, as well as increased out-of-network coverage. Vision Plan Option B will be the same as our current Vision Plan option. Both options will be administered by VSP.
Note: Chart below shows in-network coverage only. See full Vision Comparison Chart.
| Option A (New Option) | Option B (Current Option) |
|---|---|
| Note: The figures on the chart below reflect what the Plan pays, with the exception of deductibles and out-of-pocket maximums. | |
| Eye Exam | |
| In-Network: 100% after $20 copay | In-Network: 100% after $20 copay |
| Contact Lens Fitting | |
| In-Network: Up to $60 copay | In-Network: Up to $60 copay |
| Frames | |
| In-Network: Up to $250 after $20 copay plus 20% discount on cost exceeding $250 once every calendar year | In-Network: Up to $150 after $20 copay plus 20% discount on cost exceeding $150 once every two years |
| Lenses: Single | Lined Bifocal | Lined Trifocal | Progressive | |
| In-Network: 100% after $20 copay for lenses and frames | In-Network: 100% after $20 copay for lenses and frames |
| Optional Lens Types and Treatments | |
| In-Network: 100% | In-Network: 100% |
| Elective Contact Lenses (Instead of Eyeglasses) | |
| In-Network: Up to $250 and $60 max copay for contacts lens exam | In-Network: Up to $150 and $60 max copay for contact lens exam |
| Medically Necessary Contact Lenses with VSP Approval | |
| In-Network: 100% after $20 copay and $20 copay for lenses once every calendar year | In-Network: 100% after $20 copay for exam and $20 copay for lenses once every two years |
| Diabetic Eyecare Plus | |
| $20 copay for additional eyecare services specifically for members with diabetic eye disease, glaucoma or age-related macular degeneration (AMD) | |
| Laser surgery | |
| Discounts of 10% to 25%, depending on location. | |
Notes About Lenses and Frames:
The total copay for lenses generally applies to both eyeglass lenses and/or frames. You may select from a variety of optional lens types, as outlined in the SPD.
Lenses are considered medically necessary for certain eye conditions that prohibit the use of glasses, including aphakia, anisometropia, high ametropia, nystagmus and keratoconus.
If you purchase frames from Costco, the frame allowance is $135 for Option A and $80 for Option B.
Increases to Tax-Advantaged Account Limits
The IRS has set the Health Savings Account (HSA) contribution limits for 2019:
| 2018 | 2019 |
|---|---|
| Health Care and Limited Purpose FSALearn more | |
| Between $100 and $2,650 annually | To be determined |
| Dependent Day Care FSALearn more | |
| Between $100 and $5,000 annually | To be determined |
| Health Savings AccountLearn more | |
|
|
| Commuter BenefitsLearn more | |
| To be determined |
| 401(k) PlanLearn more | |
| To be determined |
Partnership with Hospital for Special Surgery
(New York Metro)
Morgan Stanley is continuing to partner with top-tier providers to ensure you are getting the best experience when seeking care. In additional to Memorial Sloan Kettering and NY-Presbyterian Hospitals, Morgan Stanley is now partnering with the Hospital for Special Surgery (HSS). HSS can help treat all orthopedic and rheumatologic conditions for adults and children, including chronic muscle, bone and joint pain, sports injuries and autoimmune disorders.
Through our partnership with HSS, you and your family members will have customized access to HSS musculoskeletal specialists. After a simple consultation to access your condition, insurance, location and other preferences, you’ll receive:
- Physician referrals and connections
- Timely appointment scheduling and confirmations
- A dedicated point of contact throughout your issue
HSS Facilitated Access is available to you and your extended family members for no additional charge. HSS is part of both Morgan Stanley’s UnitedHealthcare and Cigna networks.
HSS Locations
HSS’s main campus is located on Manhattan’s Upper East Side. Depending on your clinical needs, there are additional locations in Manhattan, Long Island, Westchester, Connecticut and New Jersey.
Reminder: Auto-Enrollment in Long-Term Disability
As a reminder, you will be automatically enrolled in Long-Term Disability (LTD) coverage for 2019, even if you previously waived coverage. If you do not wish to have LTD coverage in 2019, you must actively waive coverage during Annual Enrollment.