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
Helping Employees Navigate Common Benefits Issues
Throughout the year, employees are likely to run into issues with their benefits. These may include denied claims, billing issues or questions about coverage. While plan details and coverage vary by insurer, employees often encounter similar concerns regardless of their
How to Build a Benefits Communications Calendar
Offering competitive benefits is only half the battle. If employees don’t understand, remember or know how to use their benefits, even the most robust package can feel underwhelming. That’s why savvy organizations treat benefits communication as a year‑round strategy rather
FSA Carryover Rules Overview
If you contribute to a health flexible spending account (FSA), you already know the value of setting aside pre-tax dollars for medical expenses. But there’s one rule that catches many employees off guard: the use-it-or-lose-it rule. Fortunately, your employer may
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