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
WEBINAR: The Most Volatile HR Issues & How to Extinguish Them
Parrott Benefit Group and InfluenceHR Consulting are teaming up for this virtual workshop. Our upcoming “Hot Mess HR” webinar (presented by Leslie Speas) will help you identify five of the most volatile HR issues and learn how to extinguish them.
2026 CAA Compliance: RxDC Report
EFFECTIVE DATE: June 1, 2026 Under Section 204 (of Title II, Division BB) of the Consolidated Appropriations Act, 2021 (CAA), insurance companies and employer-based health plans offering group or individual health coverage and self-funded or Administrative Services Only (ASO) group
Federal PBM Reform: Key Compliance Requirements and Penalties
The regulatory landscape for Pharmacy Benefit Managers (PBMs) has shifted from a period of minimal federal oversight to one with greater federal involvement amid a patchwork of state laws. Historically, PBMs have served as thirdparty administrators responsible for managing prescription
Benefits & HR Takeaways From Trump’s SOTU Address
On Feb. 24, President Donald Trump delivered the first State of the Union (SOTU) address of his second term. The SOTU address is an annual speech the president delivers near the beginning of each year, outlining how the country is doing and
White House Launches TrumpRx Discounted Drug Website
On February 5th, President Donald Trump announced the launch of TrumpRx.gov, a federally operated website to help individuals buy prescription medications at discounted cash prices. The website boasts savings for popular GLP-1s, including the Wegovy pill and injection, Ozempic and Zepbound. Medications
2026 U.S. Department of Labor (DOL) Updates
The following Legal Updates provide additional information and overviews of the latest developments from the U.S. Department of Labor (DOL). Legal Updates DOL Recovers More Than $295 Million in Back Wages in 2025 DOL Issues Updated Model Employer CHIP Notice