Family Building Benefit

2021 and 2022 Plan Year Information

Fertility, Adoption and Surrogacy

Families are formed in many ways – and no matter how you grow yours, the Firm supports you. Beginning in 2022, we’re enhancing our Family Building Benefit, giving employees greater financial assistance and flexibility. Employees are eligible to receive a $75,000 lifetime benefit to help cover the cost of fertility services, adoption and/or surrogacy.

You can choose to spend your family-building dollars as you like: for fertility* (to cover out-of-pocket medical and prescription drug costs for IVF, egg- and sperm-freezing, for example), adoption, surrogacy – or any combination of the three. Previously, the fertility lifetime maximum was $30,000 and there were $10,000 per child maximums for adoption and surrogacy.

Eligibility requirements will remain the same – the fertility benefit is available to employees and dependents enrolled with the national administrators (Cigna or UnitedHealthcare) of the Firm’s medical plan, while the adoption and surrogacy benefit is available to all benefits-eligible employees.

Note: If you received fertility services through the Firm’s health plan or received adoption/surrogacy reimbursements before January 1, 2022, those amounts will apply toward your new $75,000 lifetime maximum. As of January 1, 2022, you may submit eligible claims and expenses towards the remaining amount of your family building fund, up to the lifetime maximum of $75,000. Prior expenses that were denied will not be re-processed.

*The $75,000 fertility maximum for medical and prescription drug costs applies to employees and dependents enrolled in Cigna or UnitedHealthcare. Kaiser, HMSA and Cigna Global members have separate fertility coverage and maximums through their respective health plan. For additional information, check the Health Benefits and Insurances Summary Plan Description or call your health plan.

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Below is more information on fertility, adoption and surrogacy – as well as other benefits to support you and your family.

Fertility

The Firm covers fertility services for employees and dependents enrolled in the Firm’s Medical Plan through Cigna or UnitedHealthcare up to the $75,000 family-building lifetime maximum. You do not need to have a diagnosis of infertility to be covered. The benefit covers medical and prescription drug expenses and includes a variety of fertility treatments, including IVF, egg- and sperm-freezing (storage covered for 12 months).

After meeting your annual medical deductible. Cigna and UHC cover up to 80% of the cost of in-network fertility-related care. Additionally,

  • Cigna covers 60% of the reasonable and customary cost of care provided by out-of-network providers after your annual deductible is met.
  • UHC requires members to enroll in the UHC Fertility Solutions program and receive fertility treatment at a UHC center of Excellence to receive coverage. The program will help you maximize your fertility benefit and select effective treatment options.

UHC Fertility Solutions Program

Upon enrolling in the program, you will have access to care from a specialized fertility Center of Excellence. These Centers of Excellence provide best-in-class care from world-class practitioners. Clinics meet best-practice criteria based on pregnancy and delivery outcomes, which increases the likelihood of getting pregnant and lowers the likelihood of twins or triplets. Additionally, an experienced fertility nurse will help you make informed decisions about your health care and answer your questions throughout your fertility treatment.

If you are enrolled in the Firm’s health plan through UHC, you are required to use a Center of Excellence for all fertility treatments for your treatments to be covered by the plan. Any fertility services obtained at a facility that is not a UHC center of excellence or by an out-of-network provider will not be covered by the plan, and the participant will be required to pay the full cost of treatment.

To identify a UHC Center of Excellence, call UHC’s Fertility Solutions team at 1-866-774-4626.

For more information, refer to the Health Benefits and Insurances Summary Plan Description.

Adoption

For employees welcoming new family members through adoption, the Firm reimburses certain eligible adoption-related expenses up to your previously unused $75,000 family-building lifetime maximum.

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 reimbursement to cover the cost of certain adoption-related expenses. 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 to adopt the child

Note that per IRS guidelines, adoption assistance can be excluded from taxable income up to a maximum of $14,440 per child in 2021. This amount varies by income level and may increase on an annual basis. Any per child reimbursement above this amount will be taxable.

For more information, see the Adoption Benefits Summary Plan Description.

Surrogacy

For employees welcoming new family members through surrogacy, the Firm reimburses certain eligible surrogacy-related expenses up to your previously unused $75,000 family-building lifetime maximum.

Employees who have welcomed a baby via surrogacy and submit a surrogacy assistance program application for reimbursement within six months following the birth of the baby (and before an employment termination date, if applicable) are eligible to receive a lump-sum reimbursement to cover the cost of certain surrogacy-related expenses. Because surrogacy laws vary by state, eligible expenses are limited to qualifying medical expenses paid on behalf of the surrogate mother and all reimbursement amounts will be taxed.

For more information, see the Adoption and Surrogacy Assistance Summary Plan Description. Note: there will be updates to the list of expenses that are eligible for reimbursement. Check back in the coming weeks for an updated Summary Plan Description with these details.

Additional Family Support Benefits

In addition to your $75,000 family-building fund, Morgan Stanley offers this suite of family support benefits and resources:

Legal Plan

  • Includes up to 20 hours of surrogacy or reproductive assistance
  • Covers all legal services and court work when adopting in a state or federal court for the plan member and spouse/domestic partner

Child Care and Educational Services

Medical Second Opinons

Mental Health Benefit