Cross-Border Benefits

Simplifying the United States-Mexico Financial Remittance Relationship

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.

Strengthening the Support for Your Loved Ones Across Borders

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.

EMPLOYEES WHO UTILIZE CROSS-BORDER BENEFITS ENJOY:
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MOBILE
ACCESSIBILITY
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SIMPLE
PROCESSES
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REDUCED
RATES
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IMMEDIATE AND
SECURE TRANSFERS
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RELIABLE AND
SAFE TRANSACTIONS
Expansive coverage for individuals and families, which includes no denial of preexisting conditions, no cap on funds, and no requirements for dependents and beneficiaries.
EMPLOYEES ENJOY ACCESS TO:
1Requires medical underwriting for proof of insurability.