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Discovering Affordable Retirement Abroad: Top Destinations for Encompass Health Employees to Explore

Healthcare Provider Update: Healthcare Provider for Encompass Health Encompass Health Corporation operates as a leader in post-acute healthcare services, particularly offering rehabilitation services through a network of inpatient rehabilitation hospitals, outpatient rehabilitation clinics, and home health agencies. Their integrated care model emphasizes rehabilitation for patients recovering from illness or injury, including stroke recovery, brain injury rehabilitation, and orthopedic recovery. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are anticipated to rise significantly, particularly for those enrolled in Affordable Care Act (ACA) marketplace plans. Factors such as the potential expiration of enhanced federal premium subsidies and escalating medical costs could result in premium hikes of over 60% in some states. Reports indicate that nearly 92% of ACA enrollees may face out-of-pocket premium increases exceeding 75%, driven by high utilization of medical services and significant drug costs. Consequently, consumers will need to navigate these changes carefully to manage their healthcare expenses effectively. Click here to learn more

Moving abroad for retirement might seem like a distant dream, but it doesn't have to break the bank. Personal finances play a crucial role when Encompass Health employees consider relocating, whether for employment opportunities or a permanent change post-retirement. The 2024 InterNations survey highlights Vietnam as the most cost-effective country for expatriates, maintaining its top position for the fourth consecutive year.

The InterNations Expat Insider 2024 poll, with contributions from over 12,000 expatriates across 174 countries, sheds light on the most and least favorable places to live. It includes insights into quality of life, overseas employment, and financial well-being. Survey participants, including many Encompass Health employees, evaluated their satisfaction in three critical areas: cost of living, financial satisfaction, and whether their disposable income sufficed for a comfortable lifestyle.

Vietnam emerged as the leader in personal finances among 53 destinations but ranked lower in other categories like quality of life and expat essentials such as housing, language proficiency, and digital infrastructure.

The leading ten destinations for expatriates in terms of financial satisfaction include:

Vietnam
Colombia
Indonesia
Panama
India and the Philippines
Mexico
Brazil
China

Asian countries dominate this list, with six spots, particularly from Southeast Asia, where countries like Thailand, Vietnam, Indonesia, and the Philippines have received strong ratings.

The affordability of housing greatly contributes to the appeal of these locations, as noted by Kathrin Chudoba, the chief marketing officer of InterNations. The ease of finding and affording housing has been a significant advantage in these countries.

An impressive 86% of expatriates in Vietnam expressed satisfaction with the cost of living, more than double the global average. Moreover, a higher percentage of expats in Vietnam feel content with their financial situation and believe their Encompass Health income sufficiently covers their needs compared to the global averages.

A British expatriate in Vietnam shared, 'Living here is a significant relief from the stressful demands of my previous work life, offering a peaceful and fulfilling environment.'

In Vietnam, not only is the cost of living low, but expatriates often enjoy higher earnings, with a notable percentage reporting annual incomes exceeding $150,000, which is nearly double the global rate.

The country also reports high job satisfaction levels, significantly improving in the rankings related to work culture and satisfaction. The proportion of full-time workers is notably lower than the global average, reflecting the balanced work-life culture, with a substantial number of expatriates either retired or working part-time.

The InterNations survey also evaluated broader criteria, ranking countries based on overall expat satisfaction. Four Asian countries featured prominently in the top overall rankings, reflecting their appeal not just financially but also for their lifestyle and expatriate-friendly environment.

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In conclusion, relocating abroad, especially to places like Vietnam, offers a compelling mix of affordability, job satisfaction, and quality of life, making it an attractive option for Encompass Health employees considering a financially viable and fulfilling retirement.

Portugal is also gaining traction as a retirement haven due to its excellent healthcare and favorable tax policies for foreigners. With its appealing climate, affordable living costs, and robust healthcare, Portugal offers significant tax benefits through its Non-Habitual Residency program, enhancing its attractiveness as a retirement destination.

Discover the best countries for a high-quality, affordable retirement lifestyle. Vietnam remains a top choice with its low living costs and high expatriate satisfaction. Learn more about other appealing destinations like the Philippines, Indonesia, and Colombia in this comprehensive guide, which discusses the financial benefits, increased job satisfaction, and improved lifestyle opportunities associated with moving abroad. Understand why retiring to Southeast Asia can secure a relaxed and fulfilling lifestyle, as explained by the InterNations Expat Insider 2024 survey. Plan your retirement like planting your legacy in a fertile garden, where countries like Vietnam, the Philippines, Indonesia, and Colombia offer a blend of affordability and rich cultural experiences. This guide provides a retirement filled with comfort, much like a well-tended garden provides a life of abundance and joy.

*There is no guarantee that asset allocation or diversification will enhance overall returns, outperform a non-diversified portfolio, nor ensure a profit or protect against a loss. Investing involves risk, including possible loss of principal.

What is the 401(k) plan offered by Encompass Health?

The 401(k) plan offered by Encompass Health is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

Does Encompass Health offer a matching contribution for the 401(k) plan?

Yes, Encompass Health offers a matching contribution to help employees maximize their retirement savings.

How can employees enroll in the Encompass Health 401(k) plan?

Employees can enroll in the Encompass Health 401(k) plan through the company's benefits portal during the enrollment period or after they become eligible.

What are the eligibility requirements for the Encompass Health 401(k) plan?

To be eligible for the Encompass Health 401(k) plan, employees typically need to meet certain criteria, such as completing a specified period of service.

Can employees make changes to their contributions in the Encompass Health 401(k) plan?

Yes, employees can make changes to their contribution amounts in the Encompass Health 401(k) plan at any time, subject to plan rules.

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

The Encompass Health 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

When can employees start withdrawing funds from their Encompass Health 401(k) plan?

Employees can start withdrawing funds from their Encompass Health 401(k) plan upon reaching the age of 59½, or under certain circumstances such as financial hardship.

Are there penalties for early withdrawal from the Encompass Health 401(k) plan?

Yes, there are typically penalties for early withdrawal from the Encompass Health 401(k) plan unless specific exceptions apply, such as disability or financial hardship.

What happens to an employee's Encompass Health 401(k) plan if they leave the company?

If an employee leaves Encompass Health, they can roll over their 401(k) balance into another retirement account, cash out, or leave the funds in the plan if allowed.

How often does Encompass Health provide statements for the 401(k) plan?

Encompass Health provides regular statements for the 401(k) plan, typically on a quarterly basis, detailing account balances and investment performance.

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

Encompass Health offers a comprehensive benefits package that includes both a 401(k) plan and other retirement options. In 2022, 2023, and 2024, Encompass Health continued to provide the Encompass Health Retirement Investment Plan, which allows employees to contribute up to 100% of their pay on a pre-tax basis, subject to IRS limits. The company matches 50% of the first 6% of employee contributions to the 401(k). There is also a Roth option available for those preferring post-tax contributions. Employees aged 50 or older are eligible for additional catch-up contributions (Encompass Health). In terms of eligibility for the 401(k) plan, all full-time and part-time benefit-eligible employees of Encompass Health can participate. The plan is administered by Charles Schwab Investments and offers a variety of mutual funds for investment. This is an employer-sponsored defined contribution plan (Encompass Health) (Encompass Health). Encompass Health employees also have access to an Employee Stock Purchase Plan (ESPP), which allows them to purchase company stock at discounted rates through payroll deductions. Although this is a voluntary program, it provides a supplementary method for employees to invest in the company

Restructuring and Layoffs: Encompass Health has recently undergone significant restructuring aimed at streamlining operations and reducing costs. In 2023, the company announced a series of layoffs affecting several departments to align with its strategic goals. This move is part of a broader trend in the healthcare sector to enhance operational efficiency amid economic pressures and rising costs. Importance: Given the current economic and investment climate, understanding these changes is crucial. The healthcare industry is adapting to economic uncertainties, and such restructuring efforts can have widespread impacts on employees and the overall market. Additionally, changes in company operations can influence investment decisions and tax implications.

Encompass Health offers stock options and RSUs to executives and key employees as part of their compensation package. These benefits are designed to align employee interests with the company's performance. Stock options allow employees to buy shares at a set price, while RSUs provide shares after certain conditions are met.

Encompass Health Careers: Check the company’s official careers page for specific details on health benefits. Encompass Health Benefits Information: Look for detailed benefits descriptions, plan options, and any recent updates in their employee benefits section. Glassdoor: Review employee reviews for insights on health benefits and any recent changes or updates. Indeed: Explore employee reviews and salary data, focusing on health benefits. LinkedIn: Look at company updates and posts that may include information on health benefits. Business Insider: Search for any articles related to employee benefits at Encompass Health. HR News Sites: Check specialized HR and benefits news websites for articles or reports on Encompass Health's employee health benefits. Healthcare-Related Terms and Acronyms: Health Savings Account (HSA): A tax-advantaged savings account used to pay for qualified medical expenses. Flexible Spending Account (FSA): An account that allows employees to use pre-tax dollars for eligible healthcare expenses. Co-Pay: A fixed amount paid by the insured for covered services. Deductible: The amount an employee pays out-of-pocket before insurance coverage begins. Premium: The amount paid for insurance coverage, typically monthly. Out-of-Pocket Maximum: The maximum amount an employee has to pay for covered services in a plan year.

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For more information you can reach the plan administrator for Encompass Health at 9001 Liberty Parkway Birmingham, AL 35242; or by calling them at (205) 967-7116.