Parrott Benefit Group understands the challenges today’s employers face. From rising health care costs and confusing compliance changes, to concerns over employee wellbeing and struggles with growing employee demands, we know it can be difficult to navigate the complexities of employee benefits. To address the most pressing questions for employers in 2025, we help organizations develop tailored strategies based on the year’s top benefit trends.
“How can I manage affordability with health care costs on the rise?”
Affordability is a key focus for employers this year, as healthcare spending is projected to increase 7%-8% in 2025. If rising costs are a concern during your renewal season, these cost-saving strategies could be a game-changer for affordability.
We will help you identify cost drivers with strategic financial analysis of claims, medical/prescription, plan disruption, and yearly trend.
Parrott uses timely benchmarking data (plan performance ratings, cost and rate summaries, plan and cost comparisons, quote/renewal reports, carrier evaluation, plan projections, and actuarial statistics) to help you select the best plan options for your employees and your budget.
Implementing cost-effective plan designs can support employees while controlling expenses. Together, we can explore free employee-only coverage to lower paycheck deductions, low/no-deductible plans to remove financial barriers to care, increased HSA contributions to enhance high-deductible health plan affordability, telemedicine offerings to expand healthcare access, and funding strategies to meet long term goals.
Let’s evaluate if High-Performance Networks, Exclusive Provider Organizations, variable copay plans, or other alternative health plans can optimize care access for employees while managing your costs effectively.
“How can I support the health and wellness of my employees?”
Wellbeing remains a major topic of conversation for employers as the physical, mental, and financial health of employees continues to be impacted. It’s important to develop a consistent communication strategy for your health and wellness benefits if you want to provide a supportive work environment.
To drive employee engagement in your health and wellness benefits, our staff is available for enrollment meetings (onsite, via webinar, and/or narrated presentation), ongoing communication, claims management, and personalized support for all employee questions, concerns, and benefits education.
Let us help you engage your employees by providing health and wellness resources (including various tools, programs, management services, and wellness fairs) that foster employee advocacy and a culture of loyalty. We communicate the value of these benefits using newsletters, customizable benefit announcements, safety and awareness materials, and employee surveys.
To comprehensively support employee needs and their understanding of the health and wellness benefits you offer, our agency can deliver the resources you need to effectively communicate with your employees. Our extensive employee education campaigns utilize informational articles, videos, infographics, benefits terminology resources, lunch-n-learn seminars, online and in-person meetings, detailed benefit summary guides, total compensation statements, and a personal benefits portal.
“How do I keep up with changing legislation and compliance obligations?”
2025 will likely be defined by changes in legislation and benefits, which may lead to an increased risk of noncompliance for employers. Navigating the latest regulations will require careful attention and expert strategies to ensure compliance.
We make it easy for you to mitigate risk by distributing compliance newsletters that explain changes in legislation and how those changes affect your employee benefits program. We also provide articles, action plans, and support to help you meet your compliance obligations and keep you updated on timely industry updates.
Our industry-leading resource portal provides you with access to various webinars, videos, compliance apps, and instructional materials for ongoing education. The extensive content library can help you find answers to your common health care reform (federal, state, and local laws), COBRA, FMLA, HIPAA, ACA, CAA, DOL, Medicare Part D, and Section 125 compliance questions.
Parrott works directly with a partner for compliance services such as 6055/6056 Reporting, 1094/1095 Filing, Wrap Documents, Form 5500, Employer Mandate Penalty Resolution, and Benefit Legal Consulting. We can also provide guidance for RxDC Reporting, ACA Compliance, and Gag Clause Attestation.
“How can I integrate technology to meet evolving employee expectations?”
Continuous advancements in technology are changing the future of work by increasing employee demand for more personalized support. Employers can use integrated technology as an innovative strategy to personalize benefits and meet the diverse expectations of employees.
Our HRIS Dashboard (Parrott Navigator) provides carrier, TPA, payroll, COBRA, and FSA integrations to help you personalize your benefit options to specific employee needs and provide a customized open enrollment. The employee self-service portal uses a comprehensive support model to drive engagement and care management. Navigator allows you to centralize employee data, automate benefits administration, streamline onboarding, track assets and PTO, and enhance employee communications.
Oversee the unique needs of your employees with our HR Portal that provides various HR related articles, employee handbooks, employee communications, tools, forms, benefits statements, and an HR hotline to help you remain an employer of choice. It is also integrated with a Learning Management System of over 200 online training courses so you can offer personalized learning experiences to your employees.
Using our full spectrum of solutions to tailor your benefit strategies at renewal season, you and your organization can face 2025 challenges with confidence. With Parrott, you will have access to affordable benefits, comprehensive wellness insights, compliance resources, industry-leading technology, and ongoing support that is second-to-none. Through transparency and collaboration, our primary goal is to provide a seamless renewal experience for you and your employees.
