1Password and Time Machine, encrypted external drive

I have a WD My Passport that I use for Time Machine (MBP & Mavericks). I want my backup to be encrypted, and I keep the drive in a safe most of the time.
I attach the drive, and need to enter a password. Is there any way to get 1P to do this seamlessly? It's a bit clunky, mostly to do with Apple's interface. I can't seem to copy/paste the password from 1P into the disc mounting dialog, so I type in a 16 digit password, while looking at it in 1P.

Is there a better method?

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