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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Empowering Women at Amedisys: 4 Essential Retirement Strategies to Consider

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Healthcare Provider Update: Amedisys is a leading provider of home health care and hospice services, dedicated to enhancing patient care through personalized treatment plans tailored to individual needs. As 2026 approaches, significant healthcare cost increases are expected. Premiums for Affordable Care Act (ACA) marketplace plans are projected to rise sharply, with some states, like New York, facing hikes over 60%. If the enhanced federal premium subsidies expire as scheduled at the end of 2025, millions of Americans, including Amedisys employees, could see their out-of-pocket expenses rise dramatically, emphasizing the need for strategic planning in healthcare benefits. Click here to learn more

Preparing for retirement at Amedisys can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due to their time absent from the workforce. Research shows that 31% of women are currently or have been caregivers during their careers. Women who are working also tend to put less money aside for retirement. According to one report, women contribute 30% less to their retirement accounts than men.

These numbers may seem overwhelming, but you don’t have to be a statistic. With a little foresight, you can start taking steps now, which may help you in the long run. Here are three steps to consider that may put Amedisys employees ahead of the curve.

  •  Talk about money.  Nowadays, discussing money is less taboo than it’s been in the past, and it’s crucial to take control of your financial future. If you’re single, consider writing down your retirement goals and keeping them readily accessible. If you have a partner, make sure you are both on the same page regarding your retirement goals. The more comfortably you can talk about your future, the more confident you may be to make important decisions when they come up.
  •  Be proactive about your retirement after Amedisys.  Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Amedisys retirement accounts stand today? Being proactive with your Amedisys retirement accounts allows you to create a goal-oriented roadmap. It may also help to adapt when necessary and continue their journey regardless of things like relationship status or market fluctuations.
  •  Make room for your future in your budget.  Adjust your budget to allow for retirement savings, just as you would for a new home or your dream vacation. Like any of your other financial goals, you may find it beneficial to review your retirement goals on a regular basis to make sure you’re on track.
  • Retirement may look a little different for women, but with the right strategies – and support – you’ll be able to live the retirement you’ve always dreamed of.
  •  Transamerica.com, 2021
  •  GAO.gov, 2021

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What is the 401(k) plan offered by Amedisys?

The 401(k) plan at Amedisys is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can I enroll in the Amedisys 401(k) plan?

Employees can enroll in the Amedisys 401(k) plan by completing the enrollment process through the company's benefits portal during the designated enrollment period.

Does Amedisys offer a company match for the 401(k) contributions?

Yes, Amedisys offers a company match for employee contributions to the 401(k) plan, which helps employees grow their retirement savings.

What is the maximum contribution limit for the Amedisys 401(k) plan?

The maximum contribution limit for the Amedisys 401(k) plan is based on IRS guidelines, which may change annually. Employees should check the latest limits for the current year.

Can I change my contribution percentage to the Amedisys 401(k) plan?

Yes, employees can change their contribution percentage to the Amedisys 401(k) plan at any time by accessing their account through the benefits portal.

What investment options are available in the Amedisys 401(k) plan?

The Amedisys 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

When can I start withdrawing from my Amedisys 401(k) plan?

Employees can typically start withdrawing from their Amedisys 401(k) plan without penalties after reaching age 59½, but specific plan rules may apply.

What happens to my Amedisys 401(k) if I leave the company?

If you leave Amedisys, you can choose to roll over your 401(k) balance to another retirement account, cash out, or leave it in the Amedisys plan if eligible.

Is there a loan option available through the Amedisys 401(k) plan?

Yes, Amedisys allows employees to take loans against their 401(k) balance, subject to certain terms and conditions outlined in the plan documents.

Are there any fees associated with the Amedisys 401(k) plan?

Yes, the Amedisys 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Amedisys has announced a restructuring plan that includes significant layoffs in response to declining patient volumes and financial pressures. Additionally, the company is revising its employee benefits and pension plans to reduce costs.
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For more information you can reach the plan administrator for Amedisys at 3854 American Way Baton Rouge, LA 70816; or by calling them at (225) 292-2031.

*Please see disclaimer for more information

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