Insurance in Mexico for Expats
Mexico boasts one of the strongest economies in Latin America and also has a very strong trade agreement with the US. The capital, Mexico City, is growing at an impressive rate and now boasts excellent opportunities for all budding entrepreneurs. There is however a big gap between the rich and poor and a fine line between survival and poverty.
Mexico is a popular expat destination and there are currently an estimated 2 million expats living in the region. It is particularly appealing as a retirement destination for Americas, who find that they can enjoy a lower cost of living than that available within their home country.
Health Insurance in Mexico
The healthcare system in Mexico is made up of publicly run Medicare and private health insurance. Here’s some information to help you better understand how the Mexico healthcare system works and what it means for you.
Mexico provides healthcare through public institutions, private entities, or private physicians. 2012 saw Mexico achieve universal healthcare which usually refers to a healthcare system that provides healthcare and financial protection to all its citizens.
Although most doctors speak English, enrolling with Mexico’s public health system may be frustrating for expats as the application procedure, as well as most public healthcare administration, is in Spanish. While public healthcare in Mexico is relatively good, the quality of services varies between hospitals and expats may experience long waiting periods for non-emergency and specialist procedures.
Private hospitals and clinics can be expensive but patients are treated with the latest technology, equipment, and well-trained English-speaking doctors and nurses. Using private healthcare for non-emergency treatment, expats will not have to come across the long waiting queues which typically happen with the public health care system.
During your stay in Mexico, possessing international health insurance assures you of the best healthcare if there is a need. Compare and choose from over 4,000 health insurance policies for coverage available to you as an expat.
Travel Insurance in Mexico
Travelling to Mexico is becoming more and more frequent as its popularity as a tourist destination increases globally.
In terms of street safety, expats living in Mexico need to practice high level of caution due to the high level of serious crime. Muggings, armed robbery as well as murders are common in some areas of Mexico. Expats should also be cautious while traveling by car due to the high frequency of car jackings in Mexico.
Life Insurance in Mexico
Expat life insurance in Mexico is something that everyone with a young family should look at. It is often the case that the main income generator for expat families in Mexico is one person so the impact on the family should a death occur to this person is potentially catastrophic.
Life insurance in Mexico can allow you to cherish your years more easily without the stress brought on worrying about what will happen to your loved ones after your death. Life Insurance in Mexico will bring additional peace of mind as you take on a new life with new challenges to face.