"We were actually thinking about planning a family this year... and it happened a little earlier than we anticipated," she told the magazine. "But I'm the kind of person who wants things to happen when they're supposed to happen, and am open to it. So it was a happy blessing!"
Morgan doesn't know the sex of the baby but that will change in May when she flies home to Toronto for her baby shower, which she has combined with a baby reveal ceremony.
"The only person that knows right now is my baker, who is baking me a cake," she revealed. "Inside it's going to tell me whether it's a girl or a boy, so when we cut the cake at the baby shower, we'll all find out together!
Morgan has played Hilary on The Young and the Restless since June 2013. Her pregnancy will not be written into Hilary's storyline.