Insurance for Seniors

PNL can help you understand and select the right insurance for seniors

It can be confusing trying to select the right insurance for seniors. Whether you are looking for Medicare Supplemental insurance, Medicare Prescription Coverage, Long Term Care, or Annuities, PNL Insurance Services will make sure you get the right coverage at the best price.

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Medicare Supplemental Insurance

PNL Insurance can assist seniors in finding and comparing Medicare Supplemental Insurance plans and rates to find the right option for your 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 Drug Coverage

Anyone who has Medicare is eligible to add 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 Insurance

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 nursing homes or assisted-living facilities, or help from a home health worker.

Annuities & Variable Annuities

Annuities are retirement insurance policies 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 specified 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 (i.e., life insurance is paid upon the policyholder’s death). Like a savings account, annuities can earn interest at a fixed rate, while variable annuities can be invested in stocks and bonds.