A Medigap insurance policy is sometimes called a "Medicare Supplemental Insurance" policy. It is private health insurance that is designed to supplement Original Medicare, which is available to many people throughout the United States. Medicare Supplemental Insurance is meant to help pay some of the health care costs, or "gaps" as they are sometimes called, that Original Medicare does not provide for. Examples of this Medicare Supplemental Insurance coverage may include making up the difference in the costs of copayments, coinsurance, and deductibles, saving thousands of dollars throughout the years.

Medigap Supplemental Insurance policies may also cover certain things that Medicare doesn't want to cover at all, adding to the benefit of owning Medicare Supplemental Insurance. If you are in Primary or Original Medicare and you have a Medigap policy, Medicare will pay its share of the Medicare-approved amounts for covered health care costs. After your coverage is review by a Medicare Supplement Insurance company, such as www.medigapadvisors.com, then your Medigap policy pays its share. The traditional Medicare policies do not pay any of the costs for you to get a Medigap policy. These Medicare Supplemental Insurance policies must always` be purchased separately by the individual from private companies such as www.medigapadvors.com

Also, another important difference to note is that a Medigap policy is different than a Medicare Advantage Plan, such as an HMO or PPO, because it's not a way to get Medicare benefits. Federal and state laws are designed to protect the individual consumer, and they state that every Medigap policy must follow their laws. The policies must always be clearly identified as "Medicare Supplemental Insurance." Medigap insurance companies can only sell you a "standardized" Medigap policy. You can identify standard Medicare Supplemental Insurance policy by th letters A through L. Each standardized Medigap policy must offer the same basic benefits, no matter which insurance sells it. Cost is always a big factor, despite minor differences in content. Therefore, each Medicare Supplemental Insurance offer should be carefully reviewed by each individual wanting the coverage.