701.235.7023 jmiddaugh@cfsbd.com
Middaugh & Associates group photo

Group insurance, benefit planning, corporate and individual insurance planning under one roof.

When you own your own business, your time is better spent focusing on moving your company forward rather than pouring over insurance policies, investment portfolios and tax issues. That’s where Middaugh Benefits Consulting can give you the edge on your competition. We’ll do the legwork for you; our strategic planning, diligent plan comparisons and meticulous management means your business can rest assured you’ll have a comprehensive and cost-effective employee benefits package that fits your specific needs.

As part of our partnership, we also offer a secure portal to the Zywave® benefits management system which makes it efficient and easy for your HR staff or designated administrator to manage your benefits package. In addition to tracking employee enrollment, repetitive claims and trends in group insurance, you’ll also have access to helpful HR tools including ready-to-use templates, eligibility guidelines and regulatory information that eliminates guesswork and keeps your company compliant.

Group Insurance

Middaugh Benefits Consulting currently handles the group insurance for hundreds of companies, making us the largest independent group brokerage firm in the region. We’ll compare your current rates to the rates of competing companies to find the provider that best fits your needs.

Health

In addition to comparing plans from several companies to find the best fit, as a Middaugh Benefits Consulting client, you’ll have access to our Zywave management portal, including a health claim analyzer to track problem areas. This can help you develop wellness programs and make program adjustments for even more cost-effective plans. We also provide self-funded analysis to see if partial self-funding could be a cost-saving option.

Our network includes the following providers:
  • Blue Cross Blue Shield MN
  • Blue Cross Blue Shield ND
  • Medica
  • Sanford Health

Vision

For those who want to offer a vision insurance program, we have several providers from which to choose. We’ll work with you to determine which plan provides the best coverage within your budget.

Our network includes the following providers:
  • Avesis
  • Blue Cross Blue Shield ND
  • Medica
  • Principal
  • Sanford Health
  • Superior
  • VSP

Dental

If you’d like to offer dental insurance for your employees, we’ll find a plan that leaves both you and your employees smiling.

Our network includes the following providers:
  • Blue Cross Blue Shield ND
  • Delta Dental
  • Sun Life

Life

This product is a life insurance policy that can be paid by the employer or by the employee. This provides the employee with a term life insurance policy, which lasts for a designated period of time providing a death benefit to the beneficiary if the insured dies. We also offer whole life insurance on an individual basis.

Our network includes the following providers:
  • MetLife
  • Principal
  • Standard
  • Mutual of Omaha
  • Sun Life
  • Cigna
  • UNUM

Disability

This product is offered as either short-term disability or long-term disability. These policies will provide disability income in the event that an insured employee becomes disabled and is no longer able to work.

Our network includes the following providers:
  • MetLife
  • Principal
  • Standard
  • Mutual of Omaha
  • Sun Life
  • Cigna
  • UNUM

Financial Planning

Everyone over the age of 20 knows you need to plan ahead for retirement. Gone are the days of 40-year careers at the same company where you’re rewarded with a gold watch and lavish pension. Today, most individuals need to take responsibility for their own retirement savings with limited contributions from employers such as 401k funds.

Employer-Sponsored Retirement (401k)

These plans are primarily employer sponsored and allow a worker to save for retirement. This retirement option defers income taxes on the saved money and earnings until the money is withdrawn from the account.

Individual Financial Consulting

Roth IRA

Roth IRAs (individual retirement accounts) allow individuals to invest in securities, usually common stocks or mutual funds, without being taxed. There is a limit to the annual amount that can be invested as determined by the IRS.

Individual IRA

An individual retirement account is tax-deductible. There are many types of IRAs for different needs (SEP, Simple, Rollover, etc.). There is a limit to the contribution you can make depending on your age and income earnings.

Variable Annuities

This product is sold by insurance companies and includes features of both a life insurance policy and other investment products.  Variable annuities are used as an investment opportunity. They are referred to as variable annuities because their value is not guaranteed to stay above the initial amount invested.

Fixed Annuities

Fixed annuities are annuities that grow by a fixed interest rate earning alone. This product is also sold by an insurance company and used as an investment opportunity.

Mutual Funds

Mutual funds are professionally managed types of collective investments that pool money from many different investors and use the money to invest in multiple securities.

Estate Tax Planning

The best way to preserve your accumulated wealth for future generations is to do estate tax planning. This planning, based on projections of your estate value, serves to minimize the amount of taxes assessed in an attempt to maximize the value of the estate.

We can help you calculate your estate value and explore tax planning strategies such as gift exemptions and charitable contributions to help you retain the most of your earned wealth.

We're Ready to Help

We can help you choose a package for your business.