Does Morgan Stanley cover IVF?
What Morgan Stanley publishes about fertility benefits for its US employees, in its own words, with the page each statement is on.
- Benefit pages read · checked 16 h ago
Yes. Morgan Stanley says it covers IVF for eligible US employees, up to a $75,000 lifetime maximum. Part-time workers can qualify: hourly employees scheduled for half the standard workweek or at least 20 hours a week, and part-time salaried employees scheduled for at least half the full-time week, are benefits eligible. The benefit is run by Maven.
What Morgan Stanley says it covers
Read on Oct 11, 2026. The words in quotation marks are the source's own.
IVF is covered
“The benefit covers medical and prescription drug expenses and includes a variety of fertility treatments, including IVF, egg and sperm freezing, and storage for up to 12 months.”
Stated limit
$75,000 lifetime
One lifetime amount shared by fertility services, adoption and surrogacy, covering medical and prescription drug expenses. Kaiser, HMSA and Cigna Global members have separate fertility coverage through their own plans.
“Employees may receive a $75,000 lifetime benefit to help cover the cost of fertility services, adoption or surrogacy – or any combination of the three.”
Run by Maven
Maven administers the fertility benefit for Morgan Stanley, so it is the one to call about which clinics are in network and what needs approval first.
“the Firm supports you with our family building benefit administered by Maven.”
Infertility diagnosis
Morgan Stanley says you do not need an infertility diagnosis to use the benefit.
“An infertility diagnosis is not required.”
Egg freezing
Morgan Stanley says egg freezing is covered.
“The benefit covers medical and prescription drug expenses and includes a variety of fertility treatments, including IVF, egg and sperm freezing, and storage for up to 12 months.”
Can part-time Morgan Stanley workers use it?
Eligibility decides whether a benefit is worth taking a job for, so this is the line to confirm before anything else.
Part-time workers can qualify: hourly employees scheduled for half the standard workweek or at least 20 hours a week, and part-time salaried employees scheduled for at least half the full-time week, are benefits eligible.
You have to be enrolled in a Morgan Stanley medical plan to use the benefit, so its premiums and deductible are part of what the coverage costs you.
“An hourly employee scheduled to work 50% of the standard workweek or a minimum of 20 hours per week,”
“The fertility portion of the family building benefit is available only to employees and dependents enrolled in the Firm’s medical plan with Aetna, Cigna or Surest, while the adoption and surrogacy portion of the benefit is available to all benefits-eligible employees (regardless of participation in the medical plan).”
The limit beside what IVF costs
A benefit limit means little until it sits next to the price of a cycle.
Morgan Stanley: stated limit
$75,000 lifetime
US: one cycle all in
$25,000–$32,000
With medications ($3,000–$7,000) and the common add-ons. How it adds up
- $75,000 is enough for about 2 to 3 typical cycles at those prices.
These are cash prices. A plan pays its own negotiated rates, and you still owe its deductible and coinsurance, so treat this as a rough guide.
Six things to ask Morgan Stanley before you count on it
A public benefits page is a summary. The plan document for your own plan and location is what the plan pays by.
- 1.What is the lifetime maximum, and do fertility drugs count toward it or have their own limit?
- 2.When does coverage start after my hire date, and how many hours a week do I need to keep it?
- 3.Do I need an infertility diagnosis, or prior authorization, before treatment is covered?
- 4.Which fertility clinics near me are in network, and what do I pay if mine is not?
- 5.What are the deductible, the coinsurance and the out-of-pocket maximum on the plan the benefit sits in?
- 6.Are egg freezing, donor eggs or sperm, genetic testing of embryos and embryo storage covered?
State insurance laws reach only fully-insured plans, and 67% of covered US workers are in self-funded employer plans, which set their own fertility benefits whatever the state requires. About 50% of employers with 500 or more workers now cover IVF. A large employer's plan is usually self-funded (80% of covered workers at large firms are in one), so what Morgan Stanley chooses to cover matters more than your state's IVF insurance law.
Morgan Stanley and IVF: common questions
Does Morgan Stanley cover IVF?
Yes. Morgan Stanley says it covers IVF for eligible US employees, up to a $75,000 lifetime maximum. Part-time workers can qualify: hourly employees scheduled for half the standard workweek or at least 20 hours a week, and part-time salaried employees scheduled for at least half the full-time week, are benefits eligible. The benefit is run by Maven. Read on Morgan Stanley's own benefit pages on Oct 11, 2026.
How much IVF does Morgan Stanley cover?
Morgan Stanley states this limit: $75,000 lifetime (One lifetime amount shared by fertility services, adoption and surrogacy, covering medical and prescription drug expenses. Kaiser, HMSA and Cigna Global members have separate fertility coverage through their own plans.). For comparison, one IVF cycle in the US typically costs $25,000 to $32,000 all in.
Does Morgan Stanley cover IVF for part-time employees?
Part-time workers can qualify: hourly employees scheduled for half the standard workweek or at least 20 hours a week, and part-time salaried employees scheduled for at least half the full-time week, are benefits eligible. You have to be enrolled in a Morgan Stanley medical plan to use it. Eligibility rules are the first thing to confirm with Morgan Stanley before you count on the benefit.
Does Morgan Stanley cover egg freezing?
Yes. Morgan Stanley says egg freezing is covered: "The benefit covers medical and prescription drug expenses and includes a variety of fertility treatments, including IVF, egg and sperm freezing, and storage for up to 12 months."
How do I confirm what Morgan Stanley covers?
Ask Morgan Stanley's benefits center or Maven for the plan document (the summary plan description) for your own plan and location, and check the lifetime maximum, whether fertility drugs count toward it, whether a diagnosis or prior authorization is needed, and when coverage starts after you are hired. Benefits change each plan year, usually on January 1.
- Morgan Stanley My Benefits: Family Building Benefit (live page) (Morgan Stanley's own page)
- 2025 Health Benefits and Insurance Summary Plan Description (Morgan Stanley) (Morgan Stanley's own page, plan year 2025)