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
Midyear Qualifying Events Cheat Sheet
Life doesn’t always line up neatly with open enrollment. When a significant life event occurs, employees may be able to update their benefits outside of open enrollment (known as a midyear election change or qualifying event). Two separate laws govern
PCORI Fees Due July 31, 2026
The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720, the Quarterly Federal Excise Tax Return. Form 720 and
Choosing a Pharmacy for Prescription Drug Benefits
Pharmacy access plays a key role in helping you manage your health and access the prescriptions you need. Whether you visit a retail location or have it delivered, your choice of pharmacy impacts where you get your medications and how
Supporting Employees During Mental Health Month & Beyond
Employee mental health has become a workplace topic of increased focus and awareness in recent years. An employee’s mental health includes how they think, feel and act, and their emotional and social well-being. While mental health includes mental illness, these
CMS to Offer $50 Per Month GLP-1 Access Starting July 1
The Centers for Medicare and Medicaid Services (CMS) has announced that it will provide eligible Medicare beneficiaries access to certain GLP-1 medications for $50 per month beginning July 1, 2026, through Dec. 31, 2027 Medicare GLP-1 Bridge On July 1, CMS will launch
Debunking Common Myths About ICHRAs
Individual coverage health reimbursement arrangements (ICHRAs) are trending up and becoming a more viable health plan alternative for employers to offer. A health reimbursement arrangement (HRA) is a type of account-based group health plan funded solely by employer contributions that