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Kreidler Fines Sedera $50,000 for providing unauthorized health care services




November 14, 2022

OLYMPIA, Wash. — Sedera, Inc. has settled its case with Insurance Commissioner Mike Kriedler. Kreidler fined Sedera $50,000 for acting as an unauthorized insurer.

The fine must be paid by Nov. 18, 2022. The company will also stop conducting medical cost-sharing transactions in Washington, under the terms of the order.

Kreidler’s office investigated Sedera from 2017 to 2019. Sedera, posing as a medical cost sharing community, sold memberships to consumers in Washington for a monthly fee. Members agreed to guidelines that determined their sharing of large medical expenses that exceeded an “initial non-shareable amount” and detailed the types of health care eligible for sharing by the community. As part of the membership, members also had access to telemedicine and a medical consultation program.

Between Sept. 1, 2018, and Aug. 1, 2019, Sedera—a nonresident Delaware-domiciled company based in Austin, Texas—raised $690,175 from its 645 Washington members.

The Office of the Insurance Commissioner regulates the Washington insurance industry to ensure companies, agents, and brokers follow state laws. Since 2001, Kreidler has levied more than $37 million in fines, which go to the state’s general fund to pay for state services.

Washington consumers can contact the Washington State Health Benefit Exchange ( for additional health plan coverage and enrollment information.

For an insurance question or complaint, Washington consumers can contact Kreidler’s Consumer Advocates online or by phone at 800-562-6900.