Employees are automatically enrolled in the HCSP when MSRS receives the first contribution from the employer. No enrollment form is required.
HCSP welcome packet
A welcome packet is mailed about 30 days after MSRS received the first contribution. The welcome packet includes an HCSP Information Guide with detailed information about the Plan. A Beneficiary Designation form is found inside the guide. If the employee is eligible for reimbursements (because they retired or terminated), a Reimbursement Request form and a Direct Deposit Agreement form can be found inside the guide.
Default investment option
Contributions are automatically invested in the Money Market Fund, unless the employee has instructed otherwise. Employees can make an investment option election by Logging in to their account online or by contacting the MSRS Service Center at 1-800-657-5757.
An investment in a Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.