Health Savings Accounts

Health Savings Accounts

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With rising healthcare expenses a primary concern for employers and employees, Voya’s Health Savings Accounts were established to take our depth of experience in supplemental benefits, investment management and retirement solutions to create an account solution that was missing in the market. Our account solution is centered around three principles:

Easier to Save

Employees get customized messaging to help them take advantage of tax and investment opportunities they have with an HSA. The myHealthMoney tool, powered by SAVVI Financial, is designed to provide a recommended contribution amount for their HSA, taking into consideration their financial situation and retirement goals.

Easier to Spend

Employees spend tax-free dollars on qualified expenses using just one card that is coded with smart card technology. An app allows employees to capture receipts, get reimbursed for out-of-pocket expenses, view account balances, scan UPC codes and more. A secure consumer portal lets employees file claims, get email notifications and manage their account.

Easier to Manage

An employer’s dedicated account representative manages all aspects of their account with industry-leading account administration. Voya offers competitive fees based on our ownership of the value chain, designed to incent savings.

With Health Savings Accounts (HSAs) from Voya Financial, employers get:

  • A dedicated account manager

    For all of our clients, Voya has a dedicated account manager to both resolve issues and proactively drive planning. We know employers need these plans to be low-noise, and our structure can help.

  • Leading consumer experience

    We’ve leveraged our retirement service experience to build a differentiated consumer experience. Predictive modeling, partnered with our approach to personalization, allows us to deliver the right message at the right time at the right place in a way that’s unique and relevant to each individual, and ultimately helps drive action.

  • myHealthMoney

    Powered by SAVVI Financial, myHealthMoney provides a recommended annual HSA contribution amount, taking into consideration healthcare costs today as well as how much may be needed in retirement.

  • Preferred relationship pricing

    We feel so strongly about our service model, Voya puts 40% of administrative fees at risk to illustrate our commitment. Voya is also able to offer preferred relationship pricing for groups above 250 employees. If groups are larger, Voya may be able to get even more aggressive on pricing.

Ready to take the next step? Talk to a Voya Employee Benefits representative to start designing your plan today.

Health Savings Accounts offered by Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC). Administration services provided by WEX Health, Inc., and Benefit Strategies, LLC.

This highlights some of the benefits of a Health Savings Account. If there is a discrepancy between this material and the plan documents, the plan documents will govern. WEX Health, Inc. reserves the right to amend or modify the services at any time.

The amount saved in taxes will vary depending on the amount set aside in the account, annual earnings, whether or not Social Security taxes are paid, the number of exemptions and deductions claimed, tax bracket and state and local tax regulations. Check with a tax advisor for information on whether your participation will affect tax savings. None of the information provided should be considered tax or legal advice.

Investments are not FDIC Insured, are not guaranteed by Voya and may lose value. All investing involves risks of fluctuating prices and the uncertainties of return and yield inherent in investing. All security transactions involve substantial risk of loss.

Voya is making available to you the software offered by SAVVI Financial, LLC. (“SAVVI”). Voya Financial, the parent company of Voya, and a number of other Voya Financial affiliates, have financial and business relationships with SAVVI, which create an incentive for Voya to promote SAVVI’s products and services. You should access and read SAVVI’s Firm Brochure, which is available at this link: https://www.savvifi.com/legal/form-adv. It contains general information about SAVVI’s business, including conflicts of interest.