The Washington Self-Insurance Electronic Data Reporting System (SIDES) Enrollment Form is an online form used by employers in Washington State to register their self-insured health plans with the Washington State Department of Labor & Industries. This form is required in order for employers to comply with the reporting requirements of the SIDES. The form is used to provide information about the employer's plan, including plan documents, contact information, and other related information. The form can be completed online or printed and mailed to the Department. There are two types of Washington Self-Insurance Electronic Data Reporting System (SIDES) Enrollment Form: the Initial Enrollment Form and the Renewal Enrollment Form. The Initial Enrollment Form is used to register a new self-insured health plan, while the Renewal Enrollment Form is used to renew an existing self-insured health plan.
Washington Self-Insurance Electronic Data Reporting System (SIEDRS) Enrollment Form
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FAQ
Advantages And Disadvantages Difficult to develop a self-insured plan as the initial costs involved might be complex. There are no policy limits, as the insurance is customized per the applicant's needs. High chances of risk because some claims might be overly costly.
If you're self-insured, you're not paying an insurance company every year to carry the risk of replacing your income if something happens to you. That's a huge benefit to you because you're saving money! And we're all about saving money where we can?especially on insurance premiums.
A qualified self-insurer is an organization that has satisfied state filing requirements, met the minimum financial and size criteria, and received approval to self-insure workers compensation or automobile liability.
Each state regulates who may be self-insured for workers' compensation. Normally, a prospective self-insured submits a required application accompanied by audited financial data, prior workers' compensation loss history, and other information required by each state.
To apply to be self-insured, an employer must complete and submit the following documents: Application for Self-Insurance Certification (F207-001-000) with a nonrefundable fee. Self-Insurance Certification Questionnaire (F207-176-000). Three years of audited financial statements in the name of the applicant.
Being self-insured means that rather than paying an insurance company to pay medical, dental and vision claims, we pay the claims ourselves, using a third-party administrator to process the claims on our behalf.