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

Global Payments Retirees: Discover the Hidden Charms of Small-Town Living for Your Next Chapter!

Healthcare Provider Update: Healthcare Provider for Global Payments Global Payments, a prominent payment technology and software solutions provider, collaborates with various insurance providers to offer healthcare benefits to its employees. While specific healthcare providers may vary by region and plan, large insurers like Anthem and UnitedHealthcare are commonly associated with companies of this size, offering employer-sponsored health coverage options. Potential Healthcare Cost Increases in 2026 As we look toward 2026, employees of Global Payments may face significant increases in healthcare costs. A projected wave of premium hikes could see rates exceed 60% in some states, severely impacting out-of-pocket expenses. With many employers eyeing strategies to offset rising expenses, such as increasing deductibles and out-of-pocket maximums, employees must prepare for a potential financial strain. A recent study indicates that over 51% of large companies plan to shift more healthcare costs onto their workforce, coupled with the expiration of enhanced federal subsidies, which might ultimately leave employees with thousands in additional costs for same or lesser coverage. Careful planning and early decision-making regarding benefits will be crucial for navigating these changes effectively. Click here to learn more

Small towns across America offer a unique blend of nostalgia, tradition, and practicality that makes them attractive retirement destinations. These towns vary in size, often defined by their quaint appearance, supportive lifestyles, and strong community bonds. This guide explores a variety of such towns, assessing them based on factors like cost of living, crime rates, healthcare availability, senior housing options, transportation, and local attractions.

1. Greer, South Carolina

Greer, a town of about 39,000 in upstate South Carolina, exemplifies small-town charm with its revitalized downtown and numerous community activities. Its proximity to the Greenville-Spartanburg International Airport and Amtrak services enhances its accessibility. The town's offerings include a weekly farmers market, regular festivals, and diverse recreational activities, making it an engaging place for active Global Payments retirees.

2. Coolidge, Arizona

Located in the Sonoran Desert, Coolidge is a small town of over 14,700 residents. Known for its warm summers and moderate winters, it appeals to retirees who prefer desert climates. The cost of living here is lower than both the national and Arizona averages. Coolidge is home to the Casa Grande Ruins National Monument and offers educational opportunities at Central Arizona College.

3. Dillsboro, North Carolina

Dillsboro, nestled on the Tuckasegee River near the Great Smoky Mountains, is a historic railroad town with fewer than 300 residents. It offers a unique blend of 19th-century charm and modern amenities. The cost of living aligns with the national average, and its proximity to Asheville makes it a favorable option for retirees seeking a balance between tranquility and accessibility.

4. Fredericksburg, Texas

Fredericksburg, a town of approximately 11,000 residents, is steeped in German heritage. The town is a haven for wine enthusiasts and stargazers, thanks to its location amidst over 100 wineries and status as a Dark Sky Community. Its tourist appeal is heightened by its historical landmarks, diverse culinary scene, and proximity to major cities like San Antonio and Austin.

5. Cedar Key, Florida

This Gulf Coast town with fewer than 900 residents is a serene and scenic retirement choice. Florida's tax benefits for retirees and Cedar Key's moderate cost of living are significant draws. The town is known for its nature trails, wildlife refuge, and fresh seafood, providing a tranquil environment for Global Payments retirees.

6. Paso Robles, California

Halfway between San Francisco and Los Angeles, Paso Robles is a city of around 31,000. It offers a lively downtown, numerous wineries, and a range of outdoor activities. The town's mild climate and proximity to the coast make it an attractive destination for Global Payments retirees who enjoy an active lifestyle.

7. Stroudsburg, Pennsylvania

Located in the Pocono Mountains, Stroudsburg is a small town with a population under 6,000. It blends historical charm with modern amenities and hosts various community events, making it ideal for retirees who value cultural engagement and family-friendly activities.

8. Mequon, Wisconsin

Mequon, near Milwaukee, is known for its open spaces and outdoor recreational opportunities. The Village of Thiensville within Mequon adds to its charm with various events and local amenities. Its proximity to Milwaukee enhances its appeal for those seeking a blend of suburban and urban experiences.

9. Bristol, Vermont

Bristol, nestled in the Green Mountains with a population of less than 4,000, is a quintessential New England town. It offers a range of community events and maintains a traditional atmosphere, complete with horse-drawn recycling collection. Its scenic beauty and historic downtown appeal to those looking for a tranquil retirement setting.

10. Hamilton, Montana

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For those who value wide-open spaces and a rural lifestyle, Hamilton is an ideal choice. With fewer than 5,000 residents, it offers a strong sense of community while being close to the amenities of a larger city. The town's historical significance and natural beauty make it a compelling choice for independent, active retirees.

An additional aspect that may appeal to our target audience of established professionals and retirees is the availability of high-quality healthcare services in small towns. For example, Fredericksburg, Texas, not only offers cultural richness and scenic beauty, but also boasts the Hill Country Memorial Hospital, which has been recognized for its excellence in patient care. This hospital has received numerous accolades, including being named one of the nation's 100 Top Hospitals by IBM Watson Health. Access to top-tier healthcare facilities is a crucial consideration for retirees, ensuring peace of mind and well-being in their chosen community.

Selecting a small town for retirement from Global Payments is akin to choosing the perfect vintage wine from a distinguished vineyard. Just as a connoisseur appreciates the unique notes, history, and region of a fine wine, retirees can savor the distinct characteristics of each small town. Greer, SC, with its lively community events, resembles a vibrant and robust red, while the tranquil desert ambiance of Coolidge, AZ mirrors the smooth, subtle notes of a classic white. Fredericksburg, TX, with its rich cultural heritage, is akin to a rare, aged bottle, steeped in history and flavor. Each town, much like a carefully curated wine collection, offers its own unique bouquet of lifestyle, culture, and comfort, promising a fulfilling and refined Global Payments retirement experience.

What type of retirement savings plan does Global Payments offer to its employees?

Global Payments offers a 401(k) retirement savings plan to help employees save for their future.

Does Global Payments match employee contributions to the 401(k) plan?

Yes, Global Payments provides a matching contribution to employee 401(k) accounts, subject to certain terms and conditions.

What is the eligibility requirement for Global Payments employees to participate in the 401(k) plan?

Employees of Global Payments are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

Can Global Payments employees choose how their 401(k) contributions are invested?

Yes, Global Payments employees can choose from a variety of investment options within the 401(k) plan to align with their personal financial goals.

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

The maximum contribution limit for the Global Payments 401(k) plan is subject to IRS annual limits, which can change each year.

How often can Global Payments employees change their contribution amounts to the 401(k) plan?

Global Payments employees can typically change their contribution amounts at any time, allowing for flexibility in their savings strategy.

Does Global Payments allow for loans against the 401(k) plan?

Yes, Global Payments may allow employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

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

If you leave Global Payments, you can choose to roll over your 401(k) balance to another retirement account, leave it in the plan, or withdraw it, subject to tax implications.

Is there a vesting schedule for the Global Payments 401(k) matching contributions?

Yes, Global Payments has a vesting schedule for matching contributions, which means you earn rights to the employer match over time.

Can I access my Global Payments 401(k) funds before retirement?

While accessing your Global Payments 401(k) funds before retirement is generally discouraged, there are certain circumstances, such as financial hardship, that may allow for early withdrawals.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Pension Plan Information: Name of Pension Plan: Global Payments does not offer a traditional defined benefit pension plan as of the latest information. Instead, their retirement benefits are provided through a defined contribution plan. Years of Service and Age Qualification: Since there is no traditional pension plan, there are no specific years of service or age qualifications for a pension plan. Pension Formula: Not applicable due to the absence of a defined benefit pension plan. Source: Information about the absence of a traditional pension plan is available in the Global Payments 2023 Form 10-K, page 51. 401(k) Plan Information: Name of 401(k) Plan: Global Payments 401(k) Plan Qualification for 401(k) Plan: Employees are eligible to participate in the Global Payments 401(k) Plan after completing 30 days of service. 401(k) Plan Features: Contribution Limits: Employees can contribute up to the IRS annual limit. Company Match: Global Payments matches employee contributions up to a certain percentage, typically a percentage of the employee's salary.

Restructuring & Layoffs: In early 2024, Global Payments announced a restructuring plan aimed at streamlining operations and reducing costs. This move included the layoff of approximately 5% of its workforce, primarily affecting roles in administrative and support functions. The company cited the need to adapt to shifting market conditions and enhance operational efficiency as the primary reasons for this decision. Benefit Changes: Alongside the restructuring, Global Payments updated its employee benefits package. Changes included adjustments to healthcare plans and a reduction in retirement benefits contributions. The company stated that these modifications were necessary to maintain competitive positioning and financial stability in the face of economic uncertainties and evolving market dynamics.

Search for stock option and RSU information on Global Payments for 2022, 2023, and 2024: Look for annual reports, financial statements, and SEC filings. Identify the acronyms used for stock options and RSUs. Note who is eligible to receive stock options and RSUs at Global Payments. Document the source and page number of the information: Record the URL and specific page number from the documents where the information is located. Summarize the findings:

Check Global Payments’ official website for the most accurate and detailed information on their health benefits. Corporate Benefits Pages: Look for specific pages dedicated to employee benefits or healthcare plans on the company's site. News Websites: Search for recent news articles related to Global Payments' healthcare benefits or changes to their employee health plans. Industry Reports: Review industry reports or analysis for any insights into Global Payments' health benefits strategy. Employee Reviews and Forums: Check sites like Glassdoor or Indeed for employee feedback on the company's health benefits.