twoolley

About Tim Woolley

Tim's focus is consulting for the small group market. He provides advice and guidance to clients on the design, implementation and management of their benefit strategies.
1 11, 2018

Can Small Businesses Remain Competitive with their Benefit Offerings?

By |November 1st, 2018|Employee Benefits|Comments Off on Can Small Businesses Remain Competitive with their Benefit Offerings?

Can Small Businesses Remain Competitive with their Benefit OfferingsSmall businesses have always struggled to offer as robust of a benefits package as large companies for a variety of reasons including cost, complex administration, and compliance concerns. In today’s tight job market, [...]

27 08, 2018

Changes to the PPACA Marketplace coming in 2019

By |August 27th, 2018|Employee Benefits|Comments Off on Changes to the PPACA Marketplace coming in 2019

Changes to the PPACA Marketplace coming in 2019The largest insurer in the individual marketplace, Blue Cross and Blue Shield of North Carolina (BCBSNC) recently announced rate and plan design changes for 2019. After years of double digit rate increases, members will [...]

31 05, 2018

IRS Releases 2019 HSA Limits

By |May 31st, 2018|Employee Benefits|Comments Off on IRS Releases 2019 HSA Limits

BLOG_ IRS Releases 2019 HSA Limits - TIM WOOLLEY

Earlier this month, the IRS announced new 2019 HSA contribution and out-of-pocket maximum limits. In 2019, there will be a $50 increase in the annual contribution limit for single-only coverage and a $100 increase in the annual contribution limit [...]

14 03, 2018

Is Presenteeism Impacting Your Bottom Line?

By |March 14th, 2018|Employee Benefits|Comments Off on Is Presenteeism Impacting Your Bottom Line?

Is Presenteeism Impacting Your Bottom LineThe concept of presenteeism has been around for a long time and can pose a significant drain on a company’s bottom line. While employers know what presenteeism is, the real question is: Do they know how to [...]

9 01, 2018

How are You Educating Your Employees about High Deductible Health Plans?

By |January 9th, 2018|Employee Benefits|Comments Off on How are You Educating Your Employees about High Deductible Health Plans?

How are You Educating Your Employees about High Deductible Health PlansWith the popularity of High Deductible Health Plans (HDHP) in recent years, many employers offer at least one HDHP. In a nutshell, HDHPs have low monthly premium payments, but have high deductibles. [...]

24 10, 2017

President Trump Ends Cost-Sharing Reductions: How will that impact North Carolinians?

By |October 24th, 2017|Healthcare Reform|Comments Off on President Trump Ends Cost-Sharing Reductions: How will that impact North Carolinians?

President Trump Ends Cost-Sharing Reductions_ How will that impact North CaroliniansOn October 12, 2017, the Trump administration announced that they would stop funding the cost-sharing reduction (CSR) payments that the lowest income participants purchasing coverage in the Marketplace receive. These cost-sharing reduction [...]

31 05, 2017

Healthcare in Retirement a Growing Concern for Employees

By |May 31st, 2017|Employee Benefits|Comments Off on Healthcare in Retirement a Growing Concern for Employees

Healthcare in Retirement a Growing a Concern for EmployeesAs healthcare costs continue to rise and the direction of healthcare remains in flux, many people are growing concerned as to how they will pay for both their premiums and medical expenses. [...]

16 03, 2017

Transitional Health Plans For Small Employers Extended Another Year

By |March 16th, 2017|Healthcare Reform|Comments Off on Transitional Health Plans For Small Employers Extended Another Year

Transitional Health Plans For Small Employers Extended Another YearMany small employers that offer health insurance have been skirting complete Patient Protection and Affordable Care Act (PPACA) compliance by using a little-known caveat: the Transitional Policy. This policy allows state [...]

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