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
AI’s Impact on Healthcare Costs
For years, artificial intelligence (AI) in healthcare has been pitched to employers as a cost-saving tool that could be used for faster diagnoses, smarter triage and less paperwork. However, recent data reveals a more complicated story. According to PwC’s annual medical
Turning Claims Data Into a Smarter Open Enrollment Strategy
Open enrollment planning often focuses on what comes next, including a new plan year, new rates and new decisions ahead. Yet some of the most useful insights come from what has already happened. Claims data collected throughout the year offers
What Happens After You Submit Your Open Enrollment Elections
Open enrollment may be over once you submit your elections, but your coverage doesn’t start immediately. Between the day you submit your elections and the day you can use them, a lot happens behind the scenes that employees don’t see.
DOL Issues Updated Model Employer CHIP Notice
The U.S. Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), has released a new model Employer CHIP Notice with information current as of July 31, 2026. KEY POINTS: Employers that maintain group health plans in states with premium assistance subsidies
2027 Creditable Coverage Determination Methods
Starting in 2027, plan sponsors will no longer be permitted to use the original simplified determination method to determine whether their coverage is creditable. Only the revised simplified determination method or an actuarial determination will remain available. For 2026 only,
The Importance of PCORI Fees Beyond Compliance
If you sponsor employee health benefits, you have likely heard about Patient-Centered Outcomes Research Institute (PCORI) fees at some point, such as during a renewal conversation or as a line item someone flagged for you. But for most employers, the