Family Services

2020 and 2021 Plan Year Information

Family Services

Whether you’re looking for day-to-day after-school care for your kids or assistance with aging parents, we’ve got your needs covered with resources that provide extra support.

Discounted Day Care

For today’s working parents, access to high-quality, affordable child care is more than a perk — it’s essential. Discounted day care centers offer programs through their network of schools that are designed to meet every parent’s needs. Morgan Stanley employees receive a 10% discount off tuition at participating schools.

Cultural Care Au Pair

Morgan Stanley employees receive a one-time $500 discount on trusted, flexible, live-in child care with a unique international perspective.

Bright Horizons Back-Up Child and Elder Care

COVID-19 UPDATE

To arrange for backup in-home care, call Bright Horizons at the number on the right. The cost is $8 per hour, with a minimum of 4 hours and a maximum of 10 hours per day. The Firm is pleased to subsidize the cost and gives each employee 30 days of adult and/or child care each year.

Bright Horizons has activated critical care through May 31, whereby you can select Critical Care as an option and arrange for care yourself through your own network: a neighbor, friend or babysitter, for instance. Bright Horizons will reimburse you $100 per day for such care.* This program is currently available through May 31.

  • You may also arrange for backup out-of-network care for your child by a caregiver in your network of friends or family.
  • You are responsible for all other costs associated with care beyond the $100 per diem.
  • Each day of out of network care will count toward your yearly allotment of 30 uses.

Register today and complete your care profile so you’re ready to reserve care when you need it. You’ll receive more details when you reserve care.

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CHILD CARE

When your regular child care arrangements fall through, take advantage of these programs, managed through Bright Horizons, which give you access to a national network of child care centers.

IN-HOME BACKUP CHILD CARE

As an alternative to dropping off your child at a Bright Horizons’ care center when your regular care arrangements fall through, you’ll now be able to arrange for a caregiver to come to your home. Pre-registration required.

  • Visit the Bright Horizons website (username: MorganStanley; password: Benefits4You). You’ll then be prompted to set up your account.
  • Call (833) 224-7075. Backup care consultants are available 24/7.
  • Or download the Backup Care mobile app. Search “Bright Horizons” or “backup care” in the App Store or Google Play and download the register and reserve care from your mobile device.

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BACK-UP CHILD CARE

HOW IT WORKS

  • When you need backup care, go online or use the mobile app and Bright Horizons will arrange your temporary care based on your particular needs at a local care center in the Bright Horizons network.
  • The cost to you is $20 per day, per child, or a maximum of $35 per day,* per family at Bright Horizon’s centers. The cost for in-home care is $8 per hour, minimum four hours per day.
  • There is an annual limit of 30 days per family total for any back up child or elder care service through Bright Horizon.
  • You can reserve a space up to 30 days in advance.
  • Most of the backup care centers can accommodate children aged from 6 months through 12 years. The age range varies by state, so please check with the care center you intend to use.
  • It’s important to register in advance. That way the program is available to you immediately if you find yourself in need of last-minute backup care.
    • Visit the Bright Horizons website (username: MorganStanley; password: Benefits4You). You’ll then be prompted to set up your account.
    • Call (833) 224-7075. Backup care consultants are available 24/7.
    • Or download the Backup Care mobile app. Search “Bright Horizons” or “backup care” in the App Store or Google Play and download the register and reserve care from your mobile device.
    • Note: Once you opt in to the service and request care, you will receive a notification email confirming your reservation.
*Note: Employees will be charged imputed income at a rate of $75.00 per child, per day; this will be reflected on the last paycheck of the calendar year.

TOP REASONS FOR USING BACKUP CHILD CARE

  • You have a new child (congratulations!) and need care while you transition back to a normal work schedule.
  • Your child’s school or child care center is closed for a break, teacher in-service day or inclement weather.
  • Your stay-at-home spouse is called in for jury duty or has an appointment.
  • You’re in-between child care arrangements.
  • Anytime your regular day care provider is temporarily unavailable.

ELDER CARE

Finding last-minute care for your adult or senior relative doesn’t have to be a burden. With the Firm’s backup care program managed by Bright Horizons, you can arrange for in-home care when your regular caregiver is unavailable. Through the program, you have access to in-home care for adult relatives,* no matter where they live.

WHEN TO USE THE SERVICE: SOME EXAMPLES

  • Your parents have a regular in-home care provider who is out sick or on vacation.
  • Your grandparents live out of state and need care.
  • Your parents live with your sister and your sister needs a break.
  • Your spouse (or other adult family member) is recovering from an illness or injury and needs assistance.

HOW IT WORKS

  • The copayment for in-home care is $8 per hour.
  • Employees can use up to 30 in-home adult/elder care days per calendar year (4-hour minimum up to a 10-hour daily maximum). For example, if you register for backup in-home adult care for three recipients in the same location on the same day, that day counts as one of your five annual uses per calendar year.
  • You can also reserve back up in-home adult care up to 30 days in advance.

IMPORTANT
It’s strongly recommended that you register for the program in advance. That way the program is immediately available if you find yourself in need of last-minute care. Register by calling or visiting the site.

Care.com’s Senior Care Planning Program

Caring for aging relatives can be overwhelming to navigate alone. At no cost to you, the Firm’s Senior Care Planning Program through Care.com helps you find quality adult and senior care services.

SENIOR CARE PLANNING PROGRAM
When you register for your complimentary premium Care.com account through the Firm, you’ll be able to work with Master’s degree-level social workers who can help you to develop customized elder care action plans, negotiate provider rates and even facilitate family meetings – all at no cost to you.

Care.com’s social workers and elder care professionals will:

  • Refer you to elder care attorneys and financial, residential and health care planning resources for your loved one.
  • Assist in coordinating care for a loved one who’s nearby or out of state.
  • Help you find the right care when you need it, including companions to check in on your out-of-town parents on a weekly basis, local accountants to help them with their finances, or attorneys specializing in Medicare.
  • Facilitate meetings with you and your family members to help you agree on care plans – from what type of care is needed to how to pay for it.

 

“Senior Sense” Blog:

February: We Are Not Our Parents’ Parents

March: How to talk to parents about needing care

WEBINAR SERIES

February 5 (1-2pm EST): Advocacy in Healthcare Settings 

Listen to recorded playback

May 7 (1-2pm EST): Important Resources for Family Caregivers
REGISTER

August 6 (1-2pm EST): Alzheimer’s Disease and Dementia: Caregiving Challenges and Strategies
REGISTER

November 5 (1-2pm EST): Maximizing Quality of Life as You Age

REGISTER

 

Learn more about each session HERE

 

ADDITIONAL SERVICES
Use the web-based services at Care.com to search for caregivers based on the level of care needed, background checks, reviews and location.

  • Senior housing
  • Home care agencies
  • Home care individuals
  • Special needs caregivers
  • Transportation needs

Care.com’s website also has a comprehensive senior care guide, helpful articles and many other resources.

DID YOU KNOW?

  • There are several services that you can purchase in addition to your no-cost premium membership, including access to more robust background checks and Care.com’s HomePay and nanny tax-filing services.
  • The Senior Care Planning Program can be used for any aging or disabled adult relative including your parents, grandparents, in-laws, spouses, partners, aunts and uncles.
  • You can even use Care.com for your own future planning.

Work-life Webinars

Work-life webinars are available throughout the year that provide helpful tips on parenting and being a caregiver to loved ones.