MGIS

Every month, we find the industry's most relevant news and opinions and share them on the MGIS blog.     Here are December’s highlighted articles:     -Systems Shift Care Models to Bring In More APPs   -5 Financial Moves Every New Attending Physician Should Make  -Supporting Financial Wellness: Two Ways Brokers Play a Positive Role  -Young Doctors Want Work-Life Balance. Older Doctors Say That’s Not the Job.    Stay up to date with the latest industry news and updates by clicking here https://lnkd.in/gQvCrQNd  

As we prepare to close the year and welcome 2025, all of us here at MGIS extend our warmest regards to our partners, valued clients, and friends. We hope this holiday season finds you merry and bright.     We wish you happy holidays and a wonderful new year.

As we approach the new year, we look ahead to emerging trends in the disability insurance market for doctor group practices. Staying at the forefront of what’s to come in 2025 will help you stay competitive and be in the best position to help your clients.     Here are 6 trends to keep an eye on for 2025:  -State-Mandated Leave Programs Expand  -Voluntary Benefits Surge  -Customized Benefits Take Center Stage  -Digital Distribution Channels Evolve  -AI Technology Begins to Transform Insurance Operations  -Advanced Practice Clinicians Drive Growth    To read more about these trends, visit  https://lnkd.in/gVArvNhq

With many doctors considering changing jobs over the next two years, doctor group practices can gain a significant advantage in attracting and retaining top medical talent by offering comprehensive disability insurance packages to employees.    The findings in our recent study suggest that mid-career, high-earning doctors place a premium on comprehensive disability coverage and value this benefit.    To learn more about the role of disability insurance in the career decisions of doctors, visit  https://lnkd.in/gcvQfiHG 

For doctors, given their unique occupational risks, income protection is especially critical. Yet there are misconceptions about the need for disability insurance, and Group Long-Term Disability (LTD), in particular. As a doctor’s earning potential grows throughout their career, so does their need for a solution that protects their financial well-being.    Doctors generally understand the need for LTD, but misconceptions remain. We take a closer look at some of these myths and the realities behind them here  https://lnkd.in/gJwztBMV 

MGIS’s history is rooted in the small business healthcare marketplace. Together with Reliance Matrix, we understand that the right product solutions and quick and correct proposal turnaround are critical in supporting brokers in the highly competitive small market, including doctor group practices.    Disability Guard for Doctors™ covers doctors and all practice employees on one policy, with the plan flexibility to meet all employee needs. This solution presents the opportunity for brokers to help serve small market doctor group practices and offer them best-in-class comprehensive disability insurance.     To learn more, visit  https://lnkd.in/gaJ658XZ 

A recent MGMA poll of medical group leaders found that 58% reported their retention challenges had worsened in 2023, while 25% said they remained the same and only 17% saw improvement. MGIS can help address these challenges. Offering strong benefits plays a critical role in seeking new recruits and retaining top talent.     Disability Guard for Doctors™ helps by offering the best of individual disability insurance and group long-term disability in one package. Doctor group practices looking to recruit and retain can use this robust benefits solution to compete in this ever-evolving job market.    To learn more, visit  https://lnkd.in/gzAnu4VM 

What does a disabled doctor never want to hear from an LTD claims examiner? Typical Group LTD plans often have narrow definitions of disability, limited “own occupation” coverage, and overly subjective clauses that can leave you vulnerable. These limitations can result in denied claims, reduced benefits, or policies that simply don’t meet the unique needs of doctors.    Read more about the Top 9 Things a Disabled Doctor Doesn’t Want to Hear https://lnkd.in/gxJ4m9Sx 

There are many reasons why MGIS is considered the “gold standard” for disability insurance for doctors. One of the primary reasons is our dedicated claims team and elite service support.    MGIS, in partnership with Reliance Matrix, 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.    Working with an experienced provider like MGIS will help ensure that your clients’ disability coverage is comprehensive and supported by an exceptional claims and servicing team.    To become an MGIS Distribution Partner aligned with the best service team in the business, visit  https://lnkd.in/gNMBrncd 

Doctors (aged 45-50 earning more than $150,000 a year) who participated in a recent MGIS study indicate disability insurance ranks just behind health insurance and ahead of other significant benefits, such as paid time off and sign-on bonuses.   This underscores the value this demographic places on income protection and financial security in their career decisions. Doctor group practices can leverage this by offering a strong group disability policy tailored to meet the unique needs of doctors, to help recruit and retain doctor talent.     To learn more, visit https://lnkd.in/e3jrsazH