International Group Insurance Products with Full Description:

Who helps you today to navigate international risk management and global benefits for expatriates, TCNs, foreign nationals and global travelers?

The 3 most important reasons to team with us for international group insurance needs are outlined below:

There is no cost to have McKinley International on "retainer" and we share advice with clients every day with no consulting fees.

If you employ expatriates and other international assignees, you never know what may cross your desk and you need a partner that can navigate ANY issue that may come your way.

Your current broker or consultant may lack international experience (99% do), and there is no conflict because we do NO U.S. domestic benefits.

For an in depth review of these international group insurance topics, please review each of the 4 white papers below:

There are many remote parts of Mexico where access to quality healthcare in Mexico City, is far off.

Using the little green taxis?.., when in Mexico don't forget about security planning and personal kidnap and ransom insurance programs.

This section discussed expatraite insurance in Mexico.

Expatriate Insurance in Mexico

U.S. expatriates and foreign nationals working and traveling in Mexico need the proper international insurance programs and insurance needs are much different than what is required by Mexican local nationals so host country insurance plans don't work.

McKinley International Risk Management, as both an international insurance broker and international benefits consultant, provides a full array of international employee benefits and property and casualty products to people that work and live in Mexico as expatriates. Please contact us if you need additional information about insurance packages in Mexico.

What does an expatriate in Mexico need in an international employee benefits program?

If you are relocating to Mexico for one year or more all of the following programs will be necessary:

International Medical Insurance in Mexico: Local host country programs are not adequate for expatriates living in Mexico.
International Medical Evacuation in Mexico: Although Mexican hospitals have improved tremendously in the past 20 years, a medical evacuation out of the country may be necessary for some conditions.
Expatriate Life Insurance Mexico: Expatriates living abroad for over one year may need life insurance for their family especially if the amount provided by the employer is only 1 x or 2 x salary.
Vacant Home Insurance: For insuring a house back in the home country while living in the host country.
International Property Insurance: Employers are not insuring your personal effects and possessions.
International Liability Insurance: Most expatriates are under the false impression that the employer would step in, in the case of personal lawsuit. This is mostly false.
International Workers Compensation Insurance in Mexico | Foreign workers compensation insurance in Mexico: This is of particular importance for on the job injury or illness because U.S. based workers comp. insurance may not provide coverage if the employee has been abroad for over a certain period of time, one year for example.
International Security and Kidnap and Ransom Insurance: Extremely important in Mexico!

For expatriates relocating to Mexico, About the economy and the country / local national benefits in Mexico

• 12 th largest global economy in the world
• GDP of $1.3 trillion
• An annual national income per capita: $7,970 in USD
• Fast growing economy
• Mix of modern and older industries; GDP: 70%
services, 26% industry, 4% agriculture
• Working age population is expected to jump
from 66.1 million in 2005 to 86.4 million in 2030
• Median age: 25.6 yrs
• Life expectancy: 75 years

Mexico has a decentralized national health system, but employees who can afford private care tend to use it and buy insurance for it.

About three quarters of Mexican workers surveyed agree that they want a larger array of benefits. Relatively few Mexican employees own financial products. When asked what benefits they value most, Mexican employees cite “social security” and “vacation with pay”; 58% also say they are definitely interested in company-offered health insurance, and 51% in an employer-sponsored savings fund.

Mexico has long opened its borders to multinational investment, and is one of the leading nations in facilitating trade agreements worldwide. But these developments, while boosting domestic economic growth at an enviable rate, can reshape the workplace environment. Mexican employees increasingly exposed to multinational influences will doubtless be drawn into the very human game of drawing comparisons. And in such an increasingly competitive landscape, Mexican employers looking to
maintain top-quality workforces will increasingly feel compelled to reassess their own benefits practices:

Local National Insurance in Mexico

In Mexico, all active, non-government employees must contribute 7% of their wages to the Mexican Social Security Institute (IMSS), which provides healthcare to these individuals. The IMSS spends over 50% of the nations health care dollars and owns most of the hospitals. A very small percentage has private insurance even while contributing to the IMSS. New reforms allow IMSS contributions to be directed to private insurance plans modeled after the Chilean system of ISAPRE.

Employers that are trying to recruit and retain highly skilled workers may need to offer a greater range of benefits, potentially including health insurance and an employer-sponsored savings fund, than is standard practice in order to compete with multinationals seeking the same talent.

Expatriate Insurance Mexico Needs Chart (1 to 10 with 10 being a critical need) Looks at the need for expatriate insurance vs. what can be obtained in the local market or what many not even be needed for an expatriate assignment in Mexico.

Expatriate Medical Insurance in Mexico a necessity? 9
International Medical Evacuation in Mexico (with assistance) 5
Expatriate Life Insurance in Mexico 9
Expatriate Disability Insurance in Mexico 9
Cross Cultural Training in Mexico for U.S. expats 7
International EAP in Mexico for U.S. expats in Mexico 7
International Workers Compensation Insurance Mexico 9
Expatriate Property Insurance in Mexico 9
Expatriate Liability Insurance in Mexico 9
Kidnap and Ransom Insurance Mexico 9
Emergency Security Planning / Evacuation Plan 4
Local Admitted Coverage Needed for Expatriates residing in Mexico No
Place Mexico Nationals under an offshore or U.S. expat plan Never **
Mexico health insurance works for local nationals of Mexico in the United States No
Repatriation of Remains Mexico for Expatriates (insurance to return remains) 4

** Mexican Federal insurance law expressly prohibits any person from entering into an insurance contract or agreement with an unauthorized non-admitted foreign insurer while in Mexico. Mexico’s insurance regulators recently reinforced that such transactions violate Mexican insurance laws and constitute a full criminal offense, subjecting participants to substantial fines and even imprisonment of up to 10 years. This announcement suggests an intention to implement more vigorous enforcement of non-admitted insurance practices with unlicensed insurance companies.