Voya Financial, Inc. announced the launch of its new suite of Voya Health Savings and Spending Account solutions as optional benefits for employers to offer their employees at the workplace. The suite of solutions will initially include the following tax-advantaged accounts: a Health Savings Account (HSA) to be used in combination with high deductible health plans (HDHPs); a Health Flexible Spending Account (Health FSA); a Limited Purpose FSA; a Dependent Care FSA; and a Commuter Benefit Account. Voya’s research has found approximately one-third of retirement plan hardship withdrawals are due to an unexpected medical expense. Voya’s solutions will include several key features: Easy access to accounts: Employees can access and manage all of their Voya Health Savings and Spending Accounts — when, where and how they need to — through one user-friendly web portal or mobile app. One debit card to manage all accounts: Account holders only need one debit card to access funds from any of their Voya Health Savings and Spending Accounts to pay qualified expenses. Employer flexibility: Access one administration portal to review reports and activity on all of their Voya Health Savings and Spending Accounts. In addition to the savings and spending features of all of the Voya Health Savings and Spending Accounts, HSA account holders with $2,000 or more in their HSA may choose to actively manage their account and select their investment options within their HSA. For the Voya HSA, Voya Investment Management is providing manager selection and oversight and has constructed the HSA investment menu that includes a mix of funds managed by Voya Investment Management as well as other well-regarded managers. Each of Voya’s businesses — Employee Benefits, Investment Management and Retirement — plays a role in delivering these valuable solutions to help customers in all of its markets achieve holistic financial wellness to and through retirement.