MGIS Enhances Disability Insurance for Advanced Healthcare Roles

MGIS Expands Disability Insurance for Advanced Practice Clinicians

In a significant advancement for healthcare professionals, MGIS is broadening access to its market-leading disability insurance to serve Advanced Practice Clinicians (APCs). These include nurse practitioners and physician assistants, all of whom play vital roles in healthcare delivery.

MGIS, known for developing specialized insurance programs for medical professionals, recognizes the growing demand for APCs, particularly in light of their increasing responsibilities that mirror those of traditional doctors. Jeff Brunken, President of MGIS, emphasizes the importance of this move, stating, "We're extending our specialized disability insurance to APCs to keep pace with emerging market needs." As APCs' incomes rise due to their expanding roles, MGIS’s unique coverage definition promises to safeguard their financial stability during unforeseen circumstances.

Current trends suggest that medical care from APCs represents approximately 25% of all healthcare visits. The U.S. Bureau of Labor Statistics paints a promising picture for the future of APC roles, predicting an 80% rise in nurse practitioners and nearly 50% for physician assistants over the next decade, contrasting sharply with the slower growth rate for traditional physicians.

Dave Shaw, Chief Underwriting Officer at Reliance Matrix, echoes these sentiments, highlighting the critical service APCs provide in alleviating the doctor shortage. Shaw believes that their contribution has never been more crucial, especially in the wake of recent healthcare disparities exposed by the pandemic.

In 2023, MGIS formed an exclusive partnership with Reliance Matrix, enhancing their capacity to serve a broad spectrum of medical practitioners. This partnership allows MGIS to offer a variety of benefits solutions, like Disability Guard for Doctors™, which blends individual policy features with the ease of group long-term disability plans. Additional offerings include short-term disability, group life, and Accidental Death & Dismemberment plans, specifically designed with the medical community in mind.

Medical professionals seeking coverage can expect tailored solutions that align with their unique practice environments and needs. MGIS’s disability insurance innovations specifically cater to APCs' evolving roles while ensuring comprehensive protection for their incomes.

Through their collaboration, MGIS and Reliance Matrix are committed to improving the insurance experience for their clients. They focus on marketing these products through independent brokers and insurance agents to reach a wider audience within the healthcare field.

For those interested in learning more about MGIS and the new offerings for APCs, visit their official website or consult your benefits advisor to explore the options available to you.

About MGIS and Reliance Matrix

MGIS Overview

MGIS stands out as a premier national insurance program manager specializing in coverage solutions for medical professionals. Their collaborative approach allows them to partner with leading insurers, offering a database of tailored disability and life insurance options to doctors across various specialties.

Reliance Matrix Highlights

Reliance Matrix is a provider renowned for its innovation in employee benefits and absence management. With a rich heritage dating back to 1907, they leverage extensive industry experience and the reliability of their insurance products to serve clients nationwide.

Frequently Asked Questions

What is the significance of MGIS’s new offering for APCs?

This new insurance extension specifically targets Advanced Practice Clinicians, addressing the unique challenges and changing roles within the healthcare profession.

Who are included as Advanced Practice Clinicians?

APCs encompass nurse practitioners and physician assistants, who have advanced training and can deliver many of the same services as physicians.

How much of healthcare visits are managed by APCs?

APCs account for approximately 25% of all healthcare visits, demonstrating their growing importance in medical care delivery.

What products does MGIS offer to medical professionals?

MGIS offers a variety of insurance products, including long-term and short-term disability insurance, group life insurance, and plans for Accidental Death & Dismemberment, tailored to the needs of medical practitioners.

Who can I contact for more information about MGIS insurance offerings?

Individuals interested in these insurance solutions are encouraged to visit the MGIS website or speak with their benefits consultant for detailed information and guidance.

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