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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Take Your Benefits to New Heights.
Latest News
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
Keeping Up With 1st Quarter Compliance
Keeping up with compliance developments can be difficult and time-consuming. This quarterly update highlights recent legal developments to help your organization stay on top of
Offboarding: Employee Benefits Checklist
Offboarding is the process of transitioning employees out of your organization due to resignation, termination or retirement. Offboarding requires employers to complete a variety of
NC Medicaid Expansion
NC Medicaid Expansion to Launch Dec. 1, 2023 Medicaid expansion will allow more people to get health care coverage. The eligible population will increase for
IRS Releases ACA Pay-or-Play Penalties for 2025
On Feb. 12, 2024, the IRS released updated penalty amounts for 2025 related to the employer shared responsibility (pay-or-play) rules under the Affordable Care Act
Understanding Health Care Price Transparency
In a complex health care system, understanding the costs of medical services often feels like deciphering a code. Health care price transparency is an evolving