Compliance
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Your Partner in Tailored Benefit Solutions
Today’s regulatory environment creates ongoing risks for an organization. The patchwork of state and federal laws governing benefits increases the complexity of compliance and puts employers at risk for penalties. Understanding the financial, operational, and strategic ramifications of those regulations is a critical, and core, aspect of benefits administration. It is not enough to know about the regulation, organizations need the tools to understand how to comply.
Parrott’s compliance team helps organizations define the “what” in a regulation but also the “how”. This includes assisting clients with educating, interpreting, and managing benefits regulations.
Parrott’s three pillars of policy

Guidance

Communication

Advocacy
Resources
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News: Compliance
New Enrollment Period During COVID-19
The Biden Administration is giving individuals a chance to enroll in ACA plans outside of the normal enrollment period, from
2021 Annual Election Period for Prescription & Medicare Plans
If you are 65 and older, the 2021 Annual Election Period for Prescription Drug Plans and Medicare Advantage Plans begins
White Paper: What to Know About Expiring Federal Unemployment Benefits
March of 2020, the Federal government signed into effect both the Families First Coronavirus Response Act (FFCRA) and the Coronavirus