The Washington Dentists' Insurance Agency provides several medical plan options through leading carriers including: individual, group, Medicare Supplements/ MedAdvantage plans,
and HSA plans.
For quotes for group medical coverage please download and complete the Group Medical Census.
Fax to WDIA at 206-973-5202
Deadline for new group application submission: 10th of the month
If you are already working with one of our Medical Specialists, you may email or fax it to them directly:
Group Medical Group Medical
WDIA provides group medical insurance quotes for employers and their employees from several leading insurance companies.
Group Medical coverage is a great employee benefit and at this time offers more stability in plans and provider networks than individual coverage.
If you are thinking of beginning a group medical plan for your office, here are some things to consider:
• A group medical plan can have 1 or more members. For a 1 member group, the member must be an employee, it cannot be the business owner.
· Ideally, carriers would like a business to have been operating for at least one quarter before starting a group plan. If you have just opened your business, carriers may require you to provide supporting documentation.
· Depending on the size of the group, tax documentation may be required to start a group plan.
· The employer can choose the minimum hours to be eligible for the plan, however for some carriers, the minimum cannot be under 20 hours per week. You may be asked to submit a copy of your Employee Quarterly State Hour & Wage Tax Report (5208 A & B) for proof of hours worked.
· The employer is required to pay a minimum of 50% of all premium costs (some carriers require 75%).
· Rates are based on the plan you choose and the ages of those on the plan.
Health Savings Account (HSA) Health Savings Account (HSA)
· The account owner can fund the account with pre-tax dollars. Any after-tax contributions that you make to your HSA are tax deductible.
· Money from the account can be used for "qualified" medical expenses as well as deductibles, co-insurance, prescriptions, vision and dental care.
· Funds roll over and accumulate year after year if not spent, earning tax-free interest. There is no “use it or lose it.”
· To open an HSA, you must be on an actual individual or group HSA plan. Just having a high-deductible plan does not qualify you to open an HSA account. HSA plans can be individual plans or group medical plans.
· After age 65, funds can be withdrawn for any purpose without penalty.
For 2017, the maximum contribution limits are:
If you are over 55, you may add an additional
“catch-up” = $1,000