High Limits Disability Insurance

All MGIS insurance products were created with doctors specifically in mind.

MGIS High Limits Disability Insurance supplements existing individual and group disability insurance to provide up to 70% income replacement for high-earning doctors.

Disability Guard for Doctors^TM mirrors key features of individual disability insurance (IDI) while preserving the advantages of traditional group LTD coverages.

MGIS also offers short-term disability, group life, and accidental death and dismemberment insurance.

Monthly benefits are subject to 70% of income and payable for up to 60 months.

Monthly benefits of up to $20,000 with a simplified issue underwriting process.

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.

• Enrollment of the plan through our single Multi-Life Declaration form (with no individual underwriting) – offering the fastest, most efficient way to enroll groups with 5 or more eligible doctors (minimum participation requirements apply)
• Simplified Issue: through a short individual participant questionnaire

Our process helps group practices and insurers achieve high participation. High touch and convenient online experience help individuals easily apply for coverage in all settings.

Up to 24-month payout for disabilities caused by mental/nervous or drug/alcohol conditions.