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
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
Employers Must File ACA Returns Electronically by March 31, 2026
The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to
2026 Federal Poverty Levels Impact Employer Liability
The U.S. Department of Health and Human Services (HHS) updates federal poverty levels (FPLs) each year to determine eligibility for certain programs and benefits. HHS’ new guidelines set the 2026 FPL for an individual at $15,960 (up from $15,650 in 2025) in
Report: ICHRA Enrollment Triples in 2026
New data by HealthSherpa revealed that roughly 400,000 to 800,000 U.S. residents are using cash from individual coverage health reimbursement arrangements (ICHRAs) to pay for their health insurance this year. These ICHRA market size estimates were shared on LinkedIn by Michael Levin,