Cross-Border Benefits
With many Mexican workers employed in construction, maintenance, service, and production sectors, the U.S.-Mexico remittance is robust and Mexico is the third-largest receiver of remittances. In fact, $28 billion is sent to Mexico each year. In March 2020 remittances reached $4.02 billion – a $36% increase from 2019.
This financial flow is unlikely to decrease ​ because family obligations are at the heart of Mexican values. Additionally, the U.S. dollar and Mexican peso exchange rate allows U.S. currency to stretch further in Mexico.
As the U.S.-Mexico remittance continues strong, VensureHR provides the resources employees need to support their families without compromising the integrity and value of healthcare services provided. Cross-Border Benefits is a program that offered to U.S.-based employees as a secure way to transfer funds to pay for healthcare benefits for family members or friends in Mexico.
The program includes access to a comprehensive network of healthcare providers and services for a nominal fee each pay period so employees can pay for their family members and friends’ healthcare benefits.
