Compliance
Large employers are required to offer full-time employees and dependents the opportunity to enroll in qualifying health coverage. Failure to offer coverage or even offering coverage that does not meet certain affordability and coverage standards, could result in large tax penalties being levied against your company.
Human Resources
Human Resources is a critical and complex piece of every business. Our experts can provide a broad range of services to either support your existing HR team or serve as your companies own HR department at a fraction of the cost.
Financial Planning
Parrott Financial serves as a link between your business and the multitude of investment and insurance options available. Through strong carrier relationships and exceptional customer care, we will create a custom financial plan tailored to your business’s unique needs and goals for overcoming economic challenges.
Your Partner in Tailored Benefit Solutions
Take Your Benefits to New Heights.
Latest News
Form 5500 Deadline is July 31st
Each year, employers that are subject to the Employee Retirement Income Security Act of 1974 (ERISA) must electronically file an annual report (Form 5500) for
Report Shows Workers Are Dissatisfied With Health Benefits
More than half of Americans under the age of 65 receive health insurance through their employer. Still, employers, in general, should consider diversifying their health
Mental Health & Wellbeing: 2024 Benefit Strategies
Mental Wellbeing is taking center stage in 2024, providing one of the biggest opportunities for employers as the trend evolves. While absenteeism, presenteeism, quiet quitting,
Affordability & Financial Wellness: 2024 Benefit Strategies
Amid ongoing inflation pressures, affordability and financial wellness are top of mind as employees and employers alike expect their health care costs to increase in
Flexibility & Personalization: 2024 Benefit Strategies
Flexibility at work has long been in high demand, yet many employers still struggle to find a benefits plan that will satisfy their entire workforce.
2024 CAA Compliance: RxDC Report
EFFECTIVE DATE: June 1, 2024 Under Section 204 (of Title II, Division BB) of the Consolidated Appropriations Act, 2021 (CAA), insurance companies and employer-based health
IRS Warning: HSAs, FSAs, HRAs Can’t Pay for Personal Expenses
The IRS recently issued a bulletin to remind taxpayers that tax-advantaged medical savings accounts, such as health flexible spending accounts (FSAs) and health reimbursement arrangements
Medicare’s Coordination of Benefits Rules Chart
Employers sponsoring group health plans that cover individuals enrolled in Medicare should understand Medicare’s “coordination of benefits” (COB) rules, which determine whether the group health
Health Plan Eligibility: Do’s and Don’ts
Employers sponsoring group health plans have some flexibility when deciding which groups of employees and dependents will be eligible for coverage. However, there are several