Group Long-Term Disability (LTD) Insurance For Healthcare Professionals1

Designed exclusively for healthcare professionals

Healthcare professionals have specialized requirements for income protection not addressed by typical group disability insurance solutions.

Because the MGIS group LTD contract includes key features of individual disability insurance (IDI), insurance advisors often refer to the product as “IDI Supplement.”

Healthcare professionals get the best of both worlds with MGIS group LTD

IDI Like Provisions

Definition of Disability = Actual Procedures (e.g, CPT, CDT)

No mandatory rehabilitation requirements

Advantages of Group LTD

No proof of health or finances required

Stacks on existing IDI for more coverage

MGIS Advantages

Aligned with other MGIS Disability Insurance

Dedicated Healthcare Professional Claims Team

Healthcare professionals don’t have to worry about these typical Group LTD disadvantages with MGIS


Definition of Disability

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

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

Coverage for Veterinarians

According to the AVMA (American Veterinary Medical Association), the starting salary for Vets has been rising every year since 2014.2 As a result, many veterinarians have growing income-protection needs—similar to those of other healthcare professionals.

Typical group LTD contracts do not address these specialized income protection needs. MGIS group LTD was designed for veterinarians and includes key coverage features aligned with the IDI coverage many veterinarians already have.

Pre-Disability Earnings that Consider Multiple Earning Types

While many Americans collect only a salary from their employer, healthcare professionals often receive bonuses and K-1 (partnership) income if they are an owner of a practice. Many group LTD policies provide income replacement for base salary only, disregarding these other major income sources.

The higher the pre-disability earnings (PDE), the higher the monthly benefit. (Subject to the policy’s monthly max benefit). Correctly defining PDE will also improve the claims process.

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