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
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
Report: HDHP Enrollment Fell Below 50% in Plan Year 2023
Enrollment in high deductible health plans (HDHPs) fell below 50% in 2023, marking the second consecutive year of decline, according to the most recent ValuePenguin study on HDHP enrollment. The study’s findings show that 49.7% of private-sector employees were enrolled in HDHPs in
Executive Order to Improve Health Care Price Transparency
On Feb. 25, 2025, President Donald Trump issued an executive order (EO) titled Making America Healthy Again by Empowering Patients With Clear, Accurate, and Actionable Healthcare Pricing Information. By making more meaningful price information available to patients, this EO aims to
How to Navigate a Growing Network of Benefits Options
In today’s labor market, offering a robust benefits package is essential for talent attraction and retention and employee well-being. The rise of voluntary benefits to supplement mainstays such as health insurance, 401(k) and leave has resulted in more than 150
Tips for Preventing Common ACA Reporting Mistakes
Employers often find the Affordable Care Act’s (ACA) reporting process to be complex and challenging to navigate. Even though the requirements have been in place for nearly a decade, the process remains intricate and can be difficult even for the