Insurance & Benefits FAQs Answers to Your Questions

An insurance deductible is an out-of-pocket cost that the insured must meet before an insurance company will pay a claim.

There are two answers to this question. Yes, if you alone pay for the entirety of your health insurance premiums. If you don't, then the answer is no, you may not claim them as a tax deduction.

For the most part, there are only two types of life insurance that are used. The first being term life insurance. For term life, you are opting into coverage for a chunk of time, typically between 5 and 30 years. Your premiums will be based on a number of factors, including age, health, physical condition, etc. Payouts are usually smaller but can still get pretty high up there depending on what you're willing to fork up.

The other type is whole life insurance. As the name suggests, this coverage does not expire but often costs a lot more than term life.

Life insurance is designed to help your family & loved ones financially after you pass away. Whether it's existing debt, the remaining cost of mortgage/bills, or even funeral expenses.

For a list of providers and their contact information, go here.

To file a claim, go here. Click on your insurance provider and fill out the necessary information on their claims page.

A broker is an individual who serves as a trusted agent in commercial negotiations and transactions. Typically, brokers are required to be licensed and specially trained in their designated field, such as insurance or real estate.

For individuals and micro groups, there is a small setup fee. For employer groups with at least 5 benefits-eligible employees, the fee is waived.

Yes! A simple letter is all it takes. Health insurance companies transfer your plan information from one broker to the new one.

No, the health insurance companies file their plans and rates with the Department of Insurance each year. Their rates assume broker commissions are being paid. The plans do not get discounted if you go to the insurance company directly. In other words, you could potentially be missing out on a great discount.

At Washington Insurance Brokers, we believe in putting YOU first. Helping small businesses flourish in a competitive environment has always been at the forefront of our expectations. With over 10 years of experience working side by side with business owners just like you, rest assured, there is no other company that is as committed to getting you the right benefits plan as we are.