Major Medical Expense Insurance Faces Turbulent Year

Cancún, Quintana Roo — Major medical expense insurance has faced a turbulent 2026, hit by tax changes and rising medical inflation that are squeezing both companies and policyholders, according to the Mexican Association of Insurance and Bond Agents (Amasfac).

Iván Reynoso Navarro, president of Amasfac’s Cancún chapter, said demand for the coverage has held steady, but premiums have climbed between 15% and 35% for companies, with some cases seeing year-over-year increases of up to 45%.

He attributed the rise to medical inflation, which has pushed up costs across the board — from services and materials to medication and new technology. The added tax burden has also weighed on the sector, Reynoso said, though life insurance and investment funds have not been affected. Other policies, however, have taken a significant hit, forcing companies to make necessary adjustments.

Despite the higher costs, Reynoso said there has been no decline in policy purchases or renewals, noting that the COVID-19 pandemic raised awareness of the need for major medical expense coverage.

“There has been no decrease in policyholders, but the increases caused by medical inflation are creating difficulties,” he said.

Insurers, he added, are working to raise awareness about the importance of the coverage, which remains one of the most sought-after policies in the market even amid a difficult year.