Benefits of retirees in Mexico

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Having a residence visa (FM-2 or FM-3) can offer you the following benefits:

• Sign up for Mexico’s national health insurance coverage, called IMSS. This has a top rate of less than $300 a year—for both medical care and medicines.
• Get a senior citizen’s card once you’re 60 years old through INAPAM, Mexico’s national senior citizens’ organization. With an INAPAM card from your Mexican state government, you can get discounts off a variety of goods and services, including medical care and devices; airline and bus tickets; entrance fees to concerts, museums, and archaeological sites; and even get a discount on your property taxes.
• With an FM-3 you can bring your foreign-plated car to Mexico and keep it here. If you switch to an FM-2 you’ll need to get a Mexican-plated car.
• With the FM-2 you can be exempt from capital gains tax when you sell a Mexican property, just as Mexicans are.