What's New in 2017

2024 Plan Information

What's New in 2017

Morgan Stanley continues to offer comprehensive, best-in-class benefits choices to help ensure the health and wellness of you and your family. Please carefully consider what’s new for 2017, assess your anticipated health care needs and choose the benefits that will work best for you in the upcoming year.


Hospital Indemnity Insurance is a supplemental benefit that pays out a lump-sum amount in the event you or a covered dependent is hospitalized. The benefit payout varies based on the reason and length of the visit, and is paid in addition to any coverage you receive from the Medical Plan or other supplemental insurance. There is no restriction on how you use the money – use it to cover your medical bills, or to reimburse yourself for anything not covered under your medical plan, such as transportation, lodging, or bills.

Consider adding this coverage if you want financial protection from a “what if” scenarios, or if you anticipate having a surgery or becoming pregnant in the coming year.  Learn More


PinnacleCare is a service that helps you find the right medical professionals for your needs and customizes a treatment plan for you and your family. You will be supported by a team of physicians and medical researchers who will coordinate your care and guide you through your treatment. You may purchase PinnacleCare coverage for less than $1 a day and gain the peace of mind that comes with having an objective, unbiased resource to help you navigate your most pressing healthcare challenges.


Employees may elect Corporate Excess Disability Insurance (CEDi) coverage issued by Lloyd’s of London, which offers benefits in the event of permanent and total disability. Permanently and totally disabled means you are unable to perform your regular occupation due to a covered injury or illness and are not expected to ever recover and return to work. The amount of coverage and type of payment (lump sum, monthly) you are eligible for is based on your eligible earnings and is offset by any other policies you carry. CEDi can provide up to 70% income replacement when combined with other disability policies. Additionally, enrollees who earn less than $500,000 annually are eligible to receive only a lump-sum payment, while employees earning over that amount may choose either lump-sum or annuity payout. Learn More

Prescription Drug Benefits


Starting January 1, 2017, employees are encouraged to enroll in mail order delivery for new or existing prescriptions for maintenance medications. Until you enroll, you will have three grace fills, per medication, at a retail pharmacy. If you have not enrolled in mail order at the fourth fill at a retail pharmacy, you will pay 100% of the cost of the medication. Maintenance medications are those you take on an ongoing basis for conditions such as diabetes, high blood pressure and high cholesterol, as well as birth control and certain behavioral health medications.

Enrolling in mail order is easy and saves you time and money.

How it Works

  1. Your doctor prescribes you a maintenance medication. If you are already taking an eligible maintenance medication, skip to step 2.
  2. Cigna Pharmacy or OptumRx notifies you that mail order is available to you.
  3. You have three grace fills (30-day) at a retail pharmacy before you must enroll in the mail order program. If your doctor decides to change your dose or brand, you will have another three fill opportunities before enrolling in the mail order program.
  4. If you are not enrolled in the mail order program by the fourth retail fill, you will have to pay 100% of the cost of the medication. This cost will not apply to your deductible or out-of-pocket maximum.

Enroll online at mycigna.com or optumrx.com or call a representative. Cigna Pharmacy or OptumRx representatives will contact your doctor directly to obtain the necessary prescription and contact you if your doctor does not provide the prescription.

Cigna 90-Day Retail Option

Members enrolled with Cigna have the option to choose to pick up a 90-day prescription at participating pharmacies, in addition to the home delivery option. Learn More

Prescription Drug Copay and Coinsurance Maximums

The minimum and maximum copay and coinsurance amounts for prescription drugs will increase effective January 1, 2017 to keep up with the rising cost of prescription drugs. Learn More


Participants in California with Medical Plan coverage administered by Kaiser should be aware of the following changes for 2017:

  • Northern California: Your coinsurance for specialty prescription drugs is increasing to 30%, up to $150 for up to a 30 day supply. Learn More
  • Southern California: Your coinsurance for specialty prescription drugs is increasing to 20%, up to $150 for up to a 30 day supply. Learn More

Health Savings Account (HSA) and Flexible Spending Account (FSA) Contribution Limits

The IRS has increased the amounts you can contribute to an HSA, Health Care FSA or Limited Purpose FSA for 2017. There is no change to the Dependent Care FSA limit for 2017.

Health Savings AccountHealth Care and Limited Purpose FSA

Individual: $3,400 (up from $3,350)

Family: $6,750

$2,600 (up from $2,550)


Health Savings Account:

  • Even if you are contributing to an HSA in 2017, you must elect how much you want to contribute in 2018. Your HSA contribution election will revert to $0 if you do not make an election on the Benefit Center website.
  • You may make changes to your HSA contribution election or choose to make a lump-sum contribution at any point during the year.
  • Funds in your HSA at the end of 2017 will roll over to 2018.

Flexible Spending Accounts:

  • Even if you are contributing to an FSA in 2017, you must elect a 2018 FSA contribution amount during Annual Enrollment.
  • Use it or lose it: You must use all available funds in your account by December 31, 2017, or you forfeit any remaining funds.

Preferred National Health Plan Administrators

Find out the preferred administrator for your state and make sure your doctors and facilities will continue to accept your existing coverage in 2017.

Telemedicine through Cigna or Unitedhealthcare

Beginning January 1, 2017, telemedicine services will be available to employees and their dependents enrolled in the Medical Plan through Cigna or UnitedHealthcare. For approximately $40 per visit before you meet your deductible, and approximately $8 after you have met your deductible, you can virtually visit a certified physician via telephone or video conference. Availability of these services varies by state based on state regulations. Teladoc will be discontinued.

Unitedhealthcare Preferred Facilities for Inpatient Substance and Alcohol Abuse

If you or a covered dependent should need inpatient services for substance or alcohol abuse, your coinsurance will be waived if you choose one of UnitedHealthcare’s preferred facilities. Contact UnitedHealthcare for a current list of facilities.

Guided Cancer Treatment Program from Memorial Sloan Kettering

When you are faced with a cancer diagnosis, reliable information and comprehensive care are crucial. As a Morgan Stanley employee, you and your dependents have access to Memorial Sloan Kettering Cancer Center (MSK) – a top hospital for cancer treatment – through the Memorial Sloan Kettering Guided Cancer Treatment program. The Guided Cancer Treatment Program gives you access to a team of dedicated professionals who specialize in cancer treatment. Experienced nurses, social workers and care advisors will be there to guide you through the process of getting care at MSK, and oversee your experience every step of the way. Learn More


Vision Plan

The Vision Plan is enhancing its contact lens and out-of-network benefits for 2017. Learn More


2nd.MD: Referral for Musculoskeletal Conditions

Medical Plan participants prescribed surgery or procedures for certain musculoskeletal conditions will be contacted by 2nd.MD, the Firm’s second opinion provider, for an optional, voluntary review of their treatment path. Your medical information is kept confidential and will not be shared with Morgan Stanley.


If you have questions about these changes or need personalized support selecting your 2017 benefits, contact the HR Service center.