Compliance
Your Partner in Tailored Benefit Solutions
Today’s regulatory environment creates ongoing risks for an organization. The patchwork of state and federal laws governing benefits increases the complexity of compliance and puts employers at risk for penalties. Understanding the financial, operational, and strategic ramifications of those regulations is a critical, and core, aspect of benefits administration. It is not enough to know about the regulation, organizations need the tools to understand how to comply.
Parrott’s compliance team helps organizations define the “what” in a regulation but also the “how”. This includes assisting clients with educating, interpreting, and managing benefits regulations.
Parrott’s three pillars of policy
Guidance
Communication
Advocacy
Resources
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News: Compliance
Health Plan Deductibles and OOPMs – Key Concepts for Employers
Deductibles and out-of-pocket maximums (OOPMs) are important cost-sharing parameters for health plans. A deductible is the amount an individual must
Form 5500 Deadline Is July 31
Each year, employers that are subject to the Employee Retirement Income Security Act of 1974 (ERISA) must electronically file an annual
The Most Common Summary Plan Description Misconceptions
One of the most important documents participants must automatically receive when becoming covered under a health benefit plan that is