The Mexican Social Security Institute (Instituto Mexicano del Seguro Social, IMSS), a federal agency in Mexico, requires all workers to have access to public health care. However, given some of the drawbacks of the public health care system, such as long wait periods to visit a doctor or specialist, a scarcity of physicians, a lack of flexibility, and so on, many companies provide their workers supplementary private medical insurance.
As part of their employment compensation, several businesses provide their workers with a private insurance plan. Despite the fact that fewer than 3% of Mexicans have private medical insurance, private medical services account for 52% of overall medical expenditures in the nation. Private insurance is often chosen since it covers more costly procedures.
Because the statutory benefits in Mexico are very generous, companies seldom provide many extra perks. Flexible work hours are a typical perk, and job sharing and telecommuting opportunities are often provided. Employers may provide extra advantages such as supplementary contributions to retirement savings, reallocation allowances for foreigners, and Life Insurance on occasion.