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Medicare Supplemental Insurance

PNL Benefits can assist seniors in finding and comparing Medicare supplemental insurance plans and rates to find the best coverage. Medicare supplemental insurance (also called “Medigap”) is designed to help pay some of the health care costs that original Medicare doesn’t cover (including co-payments and deductibles).

Medicare Prescription Coverage

If you have Medicare, you are eligible for Medicare prescription drug coverage. Medicare Prescription Drug packages are available for retirees and their family members covered by employer- or union-sponsored health plans. Medicare works with insurance providers to offer a variety of options for people with Medicare who have retiree drug coverage and provides incentives to help employer and union plan sponsors continue to offer drug coverage to their Medicare-eligible retirees.

Long Term Care

Long-term care insurance provides a way for seniors to ensure they receive whatever care they need, protecting life savings against the high costs of care at a nursing home or assisted-living facility, or help from a home health worker.

Annuities

Annuities are retirement products that can be used to help you increase savings, protect your savings, or generate a stream of income. An annuity obligates the insurance company to make payments to a beneficiary for a specific period of time. The primary difference between an annuity and an insurance policy is that the funds in the annuity must be paid out, while the benefit in an insurance policy is only paid when the insured risk occurs (e.g., life insurance is paid upon the policyholder’s death). Annuities can earn interest at a fixed rate like a savings account, while variable annuities can be invested in stocks and bonds.