What's New in 2022

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Benefits Enhancements You'll See in 2022


To help ensure a healthy future for you and your family, Morgan Stanley continues to enhance our health, family and financial benefits. If you delayed care during the pandemic, we encourage you to schedule preventive care visits and screenings.



Morgan Stanley will cover the cost of your membership to a new, members’ only, health care service through One Medical, a concierge primary care practice that offers a full range of in-person and virtual medical care, including:

  • In-person care at one of One Medical’s 100+ office locations across the country
  • Same- or next-day appointments
  • On-demand 24/7 consultations by video or chat
  • Messaging with your doctor about any health questions, symptoms, visit follow-ups and prescription drug refills

Adults and children of any age may use One Medical for annual physicals, well-woman exams, sick visits, labs – and anything in between.

Available to employees and dependents enrolled in the Firm’s medical plan. Services subject to medical plan design (e.g., deductibles, coinsurance). Virtual care is free.

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In addition to 16 free sessions with Lyra therapists and coaches each year, employees and their dependents will be able to:

  • Continue care with their provider beyond 16 sessions on a reduced cost-share basis
  • Consult with mental health physicians who can prescribe and help you manage medications

Regular medical plan design (deductibles, coinsurance) will apply to these new services.1

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We’re expanding this popular program through 2nd.MD to include grandchildren. They – plus your dependents, adult children, parents, grandparents, parents- and grandparents-in-law – may use this free service.

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To better support employees throughout their family-building journeys, the Firm is introducing a new lifetime maximum of $75,0002 for:

  • Fertility services through the Firm’s medical plan (IVF, egg- or sperm-freezing, etc.); and/or
  • Adoption or surrogacy

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Flexible Spending Accounts

  • Unused 2021 funds in Health Care, Limited Purpose and Dependent Day Care FSAs will carry over automatically for use next year if you reenroll in the same type of FSA for 2022. If you do not reenroll in the applicable FSA, the remaining 2021 funds will be forfeited.3
  • Submit FSA reimbursements online (or continue to use your FSA debit card, set up auto-reimbursement or mail/fax claim forms).

Health Savings Accounts

  • Save your health care receipts in an electronic “shoebox” so you can easily reimburse yourself when you want – now or in the future.
  • Employees who contribute to an HSA or Limited Purpose FSA will receive a new Smart Choice debit card from UMB Bank.

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The Morgan Stanley 401(k) plan and company match help you save for a healthy retirement.

  • Maximum employee contribution percentage increasing from 30% to 50%
  • Highly compensated employees may make non-Roth after-tax contributions (maximum of 8%)
  • Make unlimited in-plan Roth conversations and non-hardship withdrawals
  • Rollover money is a new in-service withdrawal source
  • May keep your money in the plan after age 72, the required minimum distribution age


Enjoy additional pet programs through Petco, including discounted pet insurance, veterinary visits, wellness programs, help separation anxiety for cats and dogs, and a 10% discount in-store or online.

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  • Critical illness – Four coverage levels: $10k, $20k, $30k and $40k
  • Both accident and critical illness insurance include a wellness credit – receive cash for preventive care and screenings:4
  • Accident – Total of $75 per year
  • Critical illness – Total of $50 per year

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1The new mental health enhancements are available only to employees and eligible dependents enrolled in the Firm’s medical plan through Cigna or UnitedHealthcare. Employees, their spouses/partners and children under the age of 26 who do not participate in the Firm’s Medical Plan or who are enrolled through Kaiser or HMSA will continue to be eligible for 16 free sessions with Lyra mental health therapists or coaches, per person, per year.

2The lifetime maximum for fertility services is increasing from $30,000 to $75,000. While the increased maximum of $75k is available only to employees and eligible dependents in the Firm’s medical plan through Cigna or UnitedHealthcare, the adoption and surrogacy benefit is available to all benefits-eligible employees. If you have previously used the fertility, adoption or surrogacy benefits, any amounts you received will count against the new $75,000 lifetime maximum.

3For unused 2021 FSA funds to carry over, you must reenroll for the same type of account for 2022 during benefits enrollment. Note: If you carried over unused FSA funds from 2020, you must use them by December 31, 2021, and submit a request for reimbursement by April 30, 2022; any unused funds remaining after 2021 claims are processed will be carry over to 2022 to pay for 2022 expenses.

4Eligible care and screenings vary whether you elect Accident or Critical Illness coverage through Aflac.