Preconception, 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 enhanced 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 may use the family building benefit toward fertility* (to cover medical and prescription drug costs for IVF, egg- and sperm-freezing, for example), adoption, surrogacy – or any combination of the three.

Maven is your fertility benefits administrator. Maven’s team of experts will provide you with personalized, high-touch support no matter where you are in your family building journey. Whether you’re considering growing your family, trying to conceive, beginning IVF treatment or navigating adoption or surrogacy, Maven’s fertility and family building program can support you with easy-access to a broad network of specialists, referrals and tracking of eligible fertility, adoption and surrogacy expenses. Eligibility requirements will remain the same – the fertility benefit is available to employees and dependents enrolled in the Firm’s medical plan with Cigna or UnitedHealthcare, while the adoption and surrogacy benefit is available to all benefits-eligible employees.

*Fertility benefits are only available to employees and dependents enrolled in the Firm’s medical plan through 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.

Maven's Managed Fertility Benefit

All employees and their spouses/partners – regardless of medical plan enrollment – have access to Maven for pre-conception planning, fertility guidance and preservation support. Learn more.

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).

All fertility-related medical and prescription drug services are administered through Maven. Covered fertility services include but are not limited to:

• Office visits and diagnostic testing (bloodwork, hormone testing, ultrasounds)
• Egg/sperm retrieval, freezing, thawing and 12 months of storage
• Medications related to covered fertility treatments
• Embryo fertilization and transfers
• Embryology diagnostic and screening tests
• Male fertility assessment, testing and surgical procedures (hormone testing, DNA fragmentation, PESE, TESA and mTESE)

Note: Fertility medical and pharmacy expenses incurred through Maven are subject to the same cost sharing and deductibles as the medical plan (Cigna or UnitedHealthcare). Members are responsible for paying their deductible and coinsurance for all fertility claims; these out-of-pocket costs are not eligible for reimbursement through the family building benefit and will not be applied toward the lifetime maximum.

Create Your Maven Account to Access Fertility Benefits

• To activate your account, visit mavenclinic.com/join/morganstanley – or download the app. Your care advocate is also available through in-app messaging and video appointments to discuss fertility services. Learn about additional Maven programs.
• Activate Maven Wallet to manage your eligible fertility, adoption or surrogacy expenses under the Firm’s $75,000 family building benefit.
• Present your Maven Benefit ID, accessible through Maven Wallet, at an in-network clinic or provider’s office to access fertility coverage through Maven. You must use an in-network facility to qualify for coverage. To confirm your provider is in-network, contact your care advocate.

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

Transition of Care

Maven contacted employees who are receiving fertility services through the medical plan (Cigna or UnitedHealthcare) about their transition of care.

As of January 1, your in-network fertility provider will send claims for covered fertility services to Maven rather than your health plan. If your current or recent provider is out-of-network, you must request an exception to continue to care with your out-of-network provider. Read these FAQs | See Maven’s In-Network Providers

For help identifying whether your provider is in- or out-of-network or understanding the fertility benefit, email benefits@mavenclinic.com to schedule a call with a Maven care advocate.

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 may submit a claim through Maven’s reimbursement program, Maven Wallet, within six months following the date the adoption is finalized (and before an employment termination date, if applicable). After submission of eligible expenses, employees will 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 $16,810 per child in 2024. This amount varies by income level and may increase on an annual basis. Any per child reimbursement above this amount will be taxable. Taxes applicable to adoption expenses paid under this Program are the responsibility of the employee.

For more information, see the Adoption and Surrogacy Assistance 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 experience a completed surrogacy event (defined as a live birth or failed surrogacy arrangement, such as an unsuccessful pregnancy or failed surrogate IVF cycle) may submit a claim through Maven’s reimbursement program, Maven Wallet, within six months following the completed surrogacy event (and before an employment termination date, if applicable). After submission of eligible expenses, employees will receive a lump-sum reimbursement to cover the cost of certain surrogacy-related expenses. Qualified surrogacy-related expenses include, but are not limited to:

• Health care expenses for the surrogate mother related to the conception, pregnancy and delivery of the baby pursuant to the surrogacy agreement
• Surrogacy agency and legal fees
• Travel expenses, including lodging and meals while away from home after the surrogacy arrangement has been executed

Note that per IRS guidelines, all reimbursement amounts for surrogacy will be subject to applicable federal and state taxes. Taxes applicable to surrogacy expenses paid under this Program are the responsibility of the employee.

To get started with Maven Wallet, download the Maven Clinic app and activate your account. For more information, see the Adoption and Surrogacy Assistance Summary Plan Description.

Additional Family Support Benefits

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

• Paid Parental Leave Checklist
• Maven: Family Support and Women’s Health
• Educational Classes with Maven
• Maven Milk

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 Opinions

Mental Health Benefit