Become an MGIS Distribution Partner

The definition of disability for doctors should be narrow and specific. A broad and subjective definition leaves doctors vulnerable to being disqualified from receiving benefits.

MGIS defines disability based on the actual procedures each doctor regularly performed for twelve months before the onset of disability.

The MGIS claims team determines “actual procedures” by obtaining billable procedure codes from the policyholder, including CPT, CDT/ADA, modifiers, and other codes relevant to the individual claimant.

If the MGIS claims team determines that the disability prohibits the claimant from performing one or more of these actual procedures, and there is a requisite loss of income, the claimant will be considered disabled.

Most doctors purchase individual disability insurance (IDI) in medical school.  IDI works well to help cover the recommended 60%-70% of new physician income. However, as doctors’ careers advance and their earnings increase, those original IDI policies may no longer provide adequate income protection.

Disability Guard for Doctors^TM “stacks” on top of existing IDI to protect more of your income.

Most IDI plans require strict underwriting and rigorous accounting of personal finances before coverage is offered. Requiring no proof of health or finances is a traditional advantage of group long-term disability insurance.

MGIS offers this traditional advantage in addition to many other powerful features of individual disability insurance coverage.

Doctors face a significant amount of stress due to the daily grind and demands of their profession. This stress can often lead to burnout.

Most group disability contracts rely on lifetime limitations to MNDA contract limitations in order to save costs.

Disability Guard for Doctors^TM includes a per-occurrence MNDA provision. With a per-occurrence provision, if an insured suffers from an MNDA disability, fully recovers, but then relapses six months after the recovery date, they will be eligible for another 24 months of MNDA benefits.

Many traditional long-term disability carriers require a claimant to follow an insurance company-approved rehabilitation program or risk losing benefits. Mandatory rehabilitation may also require you to be retrained for another job.

Disability Guard for Doctors^TM does not include rehabilitation requirements and will not impose mandatory programs on claimants. Being retrained is voluntary. If you’d like to be retrained, we will do so at no cost to you – and may pay an extra percentage of the monthly benefit during the process. This mirrors most IDI policies.

Long-term disability (LTD) carriers typically insure employees of various industries.  A claims person may adjudicate claims for a variety of professions.  MGIS, instead, provides a dedicated claims unit with highly trained claim professionals specializing in the doctor market.

Our service approach brings together underwriting, implementation, account service, and claims management services with a level of industry knowledge and attention to detail doctors expect.

• Underwriters focused solely on the doctor market
• A dedicated long-term disability claims team focused on managing complex doctors’ claims
• Implementation managers to make the transition to MGIS easy and accurate
• Elite service from your MGIS account manager to ease your HR burden

Long-term disability carriers may use the “40-hour work week” as a standard for providing disability benefits. This means carriers may consider a doctor who works 40 hours as not disabled because they are working “full-time.” However, doctors do not always follow the typical workweek expectations.

MGIS understands that many doctors work over 40 hours a week and that working fewer hours can lead to significant income loss.

Doctors value disability insurance, but they often can’t find the right type or amount of coverage, resulting in a coverage gap. MGIS disability insurance coverages solve these challenges for doctors.