What Amedisys Employees Need to Consider Before Making the Leap to Retire Abroad

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

For example, Amedisys employees planning on moving overseas need to have a clear plan of action to overcome the challenges of acquiring residency and citizenship in another country,' according to Brent Wolf from The Retirement Group at Wealth Enhancement Group.

Kevin Landis of The Retirement Group, a division of Wealth Enhancement Group, explains why detailed planning is crucial for Amedisys employees who intend to retire abroad. However,

In this article we will discuss:

1. The complexity of obtaining residency or citizenship abroad: Discussing the legal, financial, and cultural issues that are involved in moving overseas for Amedisys employees.

2. The necessity of professional advice and planning: Emphasizing the importance of thorough preparation and professional advice to ensure a smooth transition to retiring abroad.

3. Tax advantages and financial planning for retirees: Explaining the possible tax advantages that are available through international treaties and the strategic financial planning that needs to be done for the retirement savings of Amedisys employees.

Simply for political, economic, and social reasons, many Amedisys employees are looking to secure citizenship or residency in other countries if the United States is not as attractive as it once was. But, getting residency in another country and, perhaps, citizenship is not as simple as just buying a plane ticket and setting an itinerary.

This is because there are many processes that may take a few years to accomplish at times. The more people who are considering these options, the more difficult these choices become. It is therefore crucial to identify the legal, financial, and cultural implications that arise in order to ensure a smooth transition to a new home overseas before embarking on this journey.

Without a proper plan and some professional advice, it can be quite a challenge to switch gears and retire during your tenure at Amedisys.

The impact of potential tax advantages when retiring abroad will definitely affect your financial position. Many countries, including the United States, have tax treaties that prevent income from being taxed twice. For instance, pensioners are attracted to Portugal by the Non-Habitual Resident (NHR) regime that offers special tax concessions for up to 10 years.

You can enhance your retirement benefits by taking advantage of these perks and seeking the advice of a tax specialist. The IRS notes that because these treaties can be very different it is important to research and seek the advice of a professional (IRS, 2023). These advantages must be used by Amedisys employees to enhance their retirement.

Expatriating and retiring is a process of planning a long and beautiful road trip. Just as you would not travel without a map, a well-maintained car, and knowledge of your location, Amedisys employees who are retiring abroad need to plan carefully.

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Step by step, you will be guided on how to make your transition to your new home easier, from explaining cultural differences and tax benefits to helping you understand the legal and financial environment. Just as a road trip opens new views and experiences, retirement abroad presents a world of possibilities for a happy and comfortable retirement.

Sources:

1. The Warren Street Wealth Advisors Team. 'Amedisys and Large Company Employees.' Warren Street Wealth Advisors, 3 Feb. 2025, Accessed from warrenstreetwealth.com.

2. 'US Taxes for Americans Retiring Abroad in 2025.' MyExpatTaxes, 20 Nov. 2024, Accessed 3 Feb. 2025 from myexpattaxes.com.

3. Toms, Mary, CPA, MBA, MS. 'US Tax Implications of Retiring Abroad: What You Need to Know.' PBMares, 10 Dec. 2024, Accessed 3 Feb. 2025 from pbmares.com.

4. 'Financial Planning for US Expatriates.' The Expat Financial, Accessed 3 Feb. 2025 from expatfinancial.com.

5. 'Retiring Overseas: What You Need to Know About Your US Taxes and Financial Planning.' Expat CPA, Accessed 3 Feb. 2025 from expatcpa.com.

   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.