America's Benefit Specialist October 2022

PRODUCT NEWS

$0 virtual and walk-in clinic care and 24/7 access to virtual care. The Aetna CVS Health ACA plans are comprehensive healthcare plans that provide care and coverage for: pediatric services, including oral and vision care, ambulato ry patient services (outpatient services), emergency services, hospitalization, mater nity and newborn care, mental health and substance use disorder services, including behavioral health treatment, prescription drugs, rehabilitative and habilitative services (those that help patients acquire, maintain or improve skills necessary for daily func tioning) and devices, laboratory services, preventive and wellness services and chronic disease management. This new offering will be available in se lect New Jersey counties, including Atlantic, Bergen, Burlington, Camden, Essex, Cum berland, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Salem, Somerset, Sussex, Union and Warren. NATIONWIDE AND ACCURISK OFFER NEW HEALTH OPTION FOR SMALL AND MIDSIZE BUSINESSES At a time when employers are seeing the highest annual increase since 2010 for health plan costs, Nationwide and AccuRisk Solutions have launched the Data Driven Decisions (D3) health plan, a self-funded plan developed by AccuRisk and featuring medical stop-loss coverage from Nationwide for small to midsize businesses in Ohio focused on managing plan costs. “We are expanding our existing part nership with AccuRisk to include stop loss coverage for the D3 plan as a means to better serve SMB employers looking to manage their healthcare spend and take an active role to improve the health and financial wellbeing of their employees,” said Syed Rizvi, chief specialty insurance officer at Nationwide.

plan participant database, there were more than 101 million digital interactions reported in 2021 alone, indicating a clear opportunity for greater digital engagement solutions. myVoyage will offer individuals: • A consolidated account view under one login, inclusive of one’s workplace savings accounts and external accounts—which could include retirement plans such as 401(k) and non-qualified accounts, Health Savings Accounts and medical/ dental insurance—and the ability to con nect outside benefits and accounts such as banking and savings, brokerage accounts, credit cards and loans. • Holistic financial wellness support, including the opportunity to view where individuals stand across all accounts, set and track goals (such as saving for college or paying off debt) with insights on accounts such as spending limits, savings reminders and deposit summarie—offer ing support along the way. • Benefits enrollment guidance leveraging Voya’s myHealth&Wealth experience within the new myVoyage digital platform, including the ability to optimize work place benefits options and costs as well as receive personalized guidance on savings and coverage based on plans that are most appropriate for an individual’s needs. • Access to medical claims to track out-of pocket expenses and get reminders for preventative care. • Personalized nudges and actions, includ ing specific steps, tools and resources to help individuals navigate different life stages and events including everything from daily spending to having children or preparing for retirement. • Professional resources, including the ability to refer individuals to a financial professional for additional personalized advice and guidance. To learn more, visit www.voya.com.

AccuRisk’s D3 plan uses data to identify, quantify and mitigate factors that drive up the cost of health plans. Using integrated solutions such as Center of Excellence programs, comprehensive care management, transparent pharmacy data and competi tive network pricing, the plan provides a proactive approach for SMBs looking to self-insure their employee health plan. D3 also helps employers stabilize short- and long-term health care premium costs and create a transparent and sustainable benefits program. This, coupled with medical stop loss protection from Nationwide, further supports SMBs’ ability to manage their claims costs more effectively. The plan is currently offered exclusively to SMB businesses in Ohio, with planned expansion into additional markets. Infor mation about the plan can be found at www. nationwide.com/dcubed. CONNECTED DIGITAL PLATFORM Voya Financial has announced the launch of myVoyage, a personalized financial-guid ance and connected workplace-benefits dig ital platform. Offering a one-stop solution, myVoyage will provide individuals with a complete view of their financial picture, inclusive of workplace benefits and savings accounts along with the integration of exter nal accounts such as personal banking and credit accounts, to help better manage their health and financial well-being. First launch ing via mobile app, Voya’s myVoyage digital platform will offer a consolidated view using data-driven insights to provide personalized guidance to help individuals make progress toward achieving their financial goals. Voya data has found that more than half (56%) of employed Americans are extremely or very interested in a one-stop mobile app that provides a consolidated view across all of their health and financial accounts. What’s more, according to Voya’s own retirement VOYA TO LAUNCH WORKPLACE BENEFITS- AND SAVINGS

18 ABS | benefitspecialistmagazine.com