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Discovering the Best International Retirement Destinations for DexCom Employees: Your Guide to a Fulfilling Life Abroad

Healthcare Provider Update: DexCom offers its employees a comprehensive health insurance package that includes medical, dental, and vision coverage. Employees benefit from Health Savings Accounts (HSAs) with company contributions, telemedicine access, and mental health support. Additional perks include paid time off, 401(k) matching, and professional development programs 4. Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average. Click here to learn more

Switzerland maintains its position at the top of U.S. News & World Report’s annual survey of the most comfortable countries for retirement , a detail DexCom employees considering international retirement should note. This Alpine nation is distinguished not only in this category but also as the top country globally. Despite its high cost of living, Switzerland’s exceptional security, strong economic stability, outstanding medical safety, and favorable retirement benefits make it a prime destination for retirees. It also ranks highly in terms of quality of life (third) and business practice (second).

The survey assesses 89 countries based on various criteria such as feasibility, tax regimes, healthcare quality, social friendliness, and climatic conditions. Following in terms of retirement desirability are New Zealand, Portugal, and Australia, favored for their living costs and retirement and social security systems. In contrast, the United States does not make the top 20, an interesting observation for DexCom staff considering where to retire.

Top 10 Countries for a Comfortable Retirement:

1. Luxembourg finds itself in the tenth spot for retirement but does not fare as well in the global ranking, within the top 30. The country performs well in terms of quality of life and social vocation, ranking 17th and 16th respectively. Eligibility for retirement requires contributions to the national old-age pension fund for at least ten years.

2. Sweden, known for its high quality of life and commitment to social causes, ranks second in these areas but 20th for adventure, reflecting its friendly populace and pleasant climate. Retiring in Sweden involves more than a tourist stay; obtaining a residence permit from a Swedish consulate or embassy is necessary for stays exceeding 90 days.

3. Netherlands, despite not being in the top 10 globally, secures a spot among the best for retirement. The country is also a popular destination for solo travelers, ranked at number nine. Future retirees from outside the EU will need to navigate visas and residency permits to settle here.

4. Denmark leads the survey in terms of quality of life and sociability among the participating countries but ranks seventh for retirement. Notably, Switzerland does not offer a specific retirement visa, making long-term visas essential for American citizens planning extended stays.

5. Canada is a favored destination for some U.S. citizens, ranked sixth for retirement and fourth overall. The country tops the charts in terms of sociability, quality of life, and agility. Canada does not offer a special visa for retirement; however, a super visa may allow extended family visits, valid for five years.

6. Spain holds the fifth spot, with lower rents and property taxes than the United States. An estimated modest monthly income of $1,913 is sufficient for a comfortable existence, supported by affordable social security. Despite the end of the Golden Visa program, Spain offers a Non-Lucrative Visa allowing a three-year stay for retirees.

7. Australia, previously ranked third, now takes the fourth spot. It offers an Investor Retirement visa for financially independent retirees without dependents, valid for four years. Despite rising housing prices, urban rents remain lower than those in major U.S. cities. Australia also provides a choice between universal and private healthcare.

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8. Portugal moves up from second place to third. The Portugal D7 Retirement Visa simplifies residency for non-European citizens with stable incomes, while its golden visa program offers permanent residency opportunities through significant investments in real estate or scientific research. The cost of living is significantly lower than in the United States, allowing for a comfortable life on $1,500 to $2,000 per month.

9. New Zealand, ranked second, appeals to the elderly with its temporary retiree visitor visa, requiring certain investments within the country. It also offers a residency visa for elderly parents to wealthy individuals. Thanks to reduced living costs and free healthcare, New Zealand provides a viable alternative for retirees.

10. Switzerland remains the epitome of retirement destinations due to its leading healthcare system, low taxes, and even high living expenses. Prospective retirees will need a type D visa, ensuring their health insurance and sufficient financial resources. Residents likely need at least 3,500 euros per month to live comfortably in an urban setting, and the country’s tax policies favor the affluent. It has a three-pillar pension system that starts at 65 for men and 64 for women, reinforcing its status as a refuge for retirees seeking stability and high living standards.

11. This ranking highlights the importance of meticulous planning and considering various factors such as healthcare, cost of living, and social amenities when choosing a retirement location. Each country presents its own benefits and challenges, making it essential to consider personal preferences and financial circumstances in selecting the right place for retirement.

For DexCom retirees who might consider settling in top-ranked Switzerland, it's advantageous to know that Switzerland offers tax benefits for foreign retirees as part of its lump-sum taxation system, also called 'taxation according to expenditure.' This method allows retirees to negotiate their taxes based on their living expenses rather than income, significantly reducing their tax burden, making it an attractive option for those with substantial retirement incomes. This policy is especially beneficial to DexCom corporate sector retirees who may have significant pensions or investments (Swiss Federal Tax Administration, 2022).

Choose a nation from the top ten list as if selecting the ideal wine from a prestigious estate. Just as a wine enthusiast assesses wine based on its region, age, and grape type to match their taste and occasion, a retiree evaluates each country based on its healthcare quality, cost of living, and social infrastructure to find the best fit for their retired life. Switzerland, like a fine Swiss watch, demonstrates precision in healthcare and stability, making it the preferred choice for those seeking a top-tier retirement haven.

What retirement savings options does DexCom offer to its employees?

DexCom offers a 401(k) savings plan that allows employees to save for retirement through pre-tax and Roth contributions.

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

Yes, DexCom provides a matching contribution to the 401(k) plan, helping employees to maximize their retirement savings.

How can employees at DexCom enroll in the 401(k) plan?

Employees at DexCom can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What is the vesting schedule for DexCom's 401(k) matching contributions?

DexCom has a vesting schedule that typically requires employees to complete a certain number of years of service before they fully own the matching contributions.

Can DexCom employees take loans against their 401(k) savings?

Yes, DexCom allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

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

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

Is there a minimum contribution requirement for the DexCom 401(k) plan?

Yes, DexCom has a minimum contribution requirement for employees who wish to participate in the 401(k) plan, which is outlined in the plan documents.

How often can DexCom employees change their 401(k) contribution amounts?

DexCom employees can change their 401(k) contribution amounts at specified intervals, typically during open enrollment or at any time as allowed by the plan.

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

If you leave DexCom, you have several options for your 401(k), including rolling it over to another retirement account or leaving it in the DexCom plan, subject to certain conditions.

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

Yes, there may be fees associated with the DexCom 401(k) plan, which are disclosed in the plan documents and can vary based on investment choices.

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

DexCom offers a 401(k) plan but does not currently provide a defined pension plan for its employees. The DexCom 401(k) plan allows employees to contribute a portion of their salary, and the company matches a percentage of these contributions. As of 2022, the plan's total retirement assets were over $234 million, with 5,430 participants. The plan is accessible to all full-time employees aged 21 and over, with the option to start contributing immediately upon employment. For specific terminology and detailed plan descriptions, DexCom uses standard retirement-related terms like "vesting," "deferral," and "matching contributions." The plan focuses on providing long-term savings opportunities, emphasizing employee participation and the benefits of employer matching.

Restructuring and Layoffs: In early 2024, DexCom announced a restructuring plan aimed at optimizing operations and reducing costs. The company is expected to lay off approximately 5% of its workforce as part of this initiative. This move is a strategic response to the current economic uncertainties and is designed to enhance efficiency and profitability amidst fluctuating market conditions. The importance of addressing this news is heightened by the current economic environment, which is marked by inflationary pressures and changing investment dynamics. Understanding such developments is crucial for assessing the potential impact on employee benefits and job security. Company Benefits and Pension Changes: Alongside the restructuring, DexCom has also made adjustments to its benefits and pension plans. The company has modified its 401(k) match policy, reducing the employer contribution rate from 5% to 3%. Additionally, there have been changes to the pension plan, including a freeze on new pension accruals. These changes reflect broader trends in the industry where companies are reassessing their benefits structures in response to financial pressures. It is essential to monitor these developments as they affect employee retirement planning and long-term financial stability, especially in light of current tax and investment environments.

DexCom provided stock options to executives and key employees, with a four-year vesting schedule. RSUs were granted to align interests with shareholders, typically vesting over three years.

DexCom Careers Page: DexCom's official careers page provides a detailed overview of their employee benefits, including health insurance plans, wellness programs, and other related benefits. Health Insurance Plans and Benefits: Medical Insurance: DexCom offers various medical plans, including PPO (Preferred Provider Organization) and HMO (Health Maintenance Organization) options. Coverage often includes preventive care, emergency services, and specialist visits. Dental and Vision Insurance: Comprehensive dental and vision insurance plans are typically provided, covering routine check-ups, major dental work, and vision correction. Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs): Employees can use HSAs or FSAs to manage out-of-pocket expenses with tax advantages. Telehealth Services: Access to virtual consultations and telemedicine is commonly available.