Labeling it as a first-of-its-kind, Voya Financial announced the launch of myVoyage, a new personalized financial-guidance and workplace-benefits connected digital platform, providing access to workplace benefits, savings and personal accounts in one application.
First launching via mobile app, myVoyage will provide individuals with a complete view of their financial picture, inclusive of workplace benefits and savings accounts, along with the integration of external accounts, to help better manage one’s health and financial well-being.
“At Voya, we’ve long recognized the value that workplace benefits and savings provide in helping individuals achieve their broader health and wealth needs,” says Heather Lavallee, president and CEO-elect; CEO, Wealth Solutions, for Voya Financial. “But we also recognize that this is just one part of someone’s financial picture and that integrated and coordinated experiences are becoming increasingly important to be able to support the evolving needs of individuals and their households.”
According to the announcement, myVoyage will offer individuals:
- A consolidated account view under one login, inclusive of one’s workplace savings accounts and external accounts, including retirement plans, HSAs, medical/dental insurance, banking and savings accounts, as well as credit cards and loans.
- Holistic financial wellness support, including the ability to view where individuals stand across all accounts, to set and track goals, and provide savings reminders and deposit summaries.
- Benefits enrollment guidance, including the ability to optimize one’s workplace benefits options and costs as well as receive personalized guidance on savings and coverage options.
- Access to medical claims to track out-of-pocket expenses and get reminders for preventative care.
- Personalized nudges and actions, including specific steps, tools and resources to help individuals navigate different life stages and events.
- Professional resources, including the ability to refer individuals to a financial professional for additional personalized advice and guidance.
“When enrolling in their workplace benefits and throughout the year, we often find there is a disconnect for individuals when it comes to both their workplace benefits and savings decisions,” notes Rob Grubka, CEO of Health Solutions at Voya Financial. “The launch of myVoyage will allow us to truly evolve how we support individuals by making it easier to both choose and use their benefits through an integrated and hyper-personalized experience.”
