Voya Financial Expands Voluntary Benefits Offering to New York State Employers
PR Newswire Association LLC |
Launched in 2012, Voya Employee Benefits' Compass product suite takes a unique approach to "voluntary" or employee selected insurance benefit programs by treating them similarly to a group offering. This approach simplifies the process and administration for employees, employers and financial professionals. The Employee Benefits business has seen an increase in the demand for voluntary benefits as a growing number of employers look to these products to fill the gaps caused by rising healthcare costs and the switch to high deductible health plans.
"With employees becoming increasingly savvy about coverage options, a well-designed benefits package gives employers a competitive advantage and can be used as an important tool in recruiting and retaining top talent," said
"An unexpected illness or injury can be a challenge on many levels, including financially. Failure to prepare for such an event can have a lasting impact on the future economic and emotional security of an individual and their family," said Lavallee. "Voya is committed to offering products that help Americans meet regular month-to-month expenses in the event of a serious medical condition, without derailing their efforts to prepare for retirement."
Voya Employee Benefits offers stop loss, group life, voluntary and disability income insurance products to mid-sized and large employers and their employees, covering 4.4 million individuals. The business has extensive experience in the design, implementation and administration of employee benefits plans, and it offers a full range of supplemental voluntary products that include critical illness, accident and hospital confinement indemnity insurance.
Compass Products are issued by
As an industry leader and advocate for greater retirement readiness,
Media Contact:
Nicole Vasile
Voya Financial
Office: (860) 580-2690
Cell: (860) 839-1589
[email protected]
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