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.
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Latest News
Employee Engagement Tips for Small Businesses
Small businesses often face an uphill battle when it comes to retaining employees. Limited budgets, lean teams and fewer advancement opportunities can make it difficult to compete with larger companies. However, better engagement is one of the most cost-effective and
CMS Finalizes Creditable Coverage Determinations for 2026
On April 7, 2025, the Centers for Medicare and Medicaid Services (CMS) issued Final Part D Redesign Program Instructions for calendar year 2026. The instructions contain a detailed description of, and guidance related to, changes to the Medicare Part D benefit made
The Most Common Summary Plan Description Misconceptions
One of the most important documents participants must automatically receive when becoming covered under a health benefit plan that is subject to the federal Employee Retirement Income Security Act (ERISA) is a summary of the plan, called the Summary Plan Description or SPD.
Benefits Toolkit – Employee Benefits for Small Businesses
Employee benefits are perks that workers receive in addition to their normal wages and salaries. They can contribute significantly to employees’ overall well-being, job satisfaction and productivity, all of which ultimately affect an employer’s bottom line. They also play a
Benefit Strategies for 2025 Challenges
Parrott Benefit Group understands the challenges today’s employers face. From rising health care costs and confusing compliance changes, to concerns over employee wellbeing and struggles with growing employee demands, we know it can be difficult to navigate the complexities of
Key Takeaways From the Congressional Report on HSAs
The Congressional Research Service (CRS) released its most recent report, updated in 2025, describing health savings accounts (HSAs). The CRS serves as a bipartisan shared staff to congressional committees and members of Congress, outlining topics that Congress might wish to