The new Medigap policies are forms of insurance that are now on the market in order to help individuals make up for the gaps that are found in Medicare insurance. They are offered by private insurance companies in order to help you make sure that you have everything covered. There are a number of holes in just having Medicare insurance, and thus this new category of insurance has been created.
If you are pleased with the insurance that you have now, then you can keep it. It is not mandatory that you purchase these new Medigap policies. They are the product of private companies, and thus the government cannot mandate that you make this purchase. However, that is not to say that you should not consider doing so. It is understandable that your first reaction is to save money and not to try to spend anymore. However, there are a number of benefits (both for your health and wallet) that you should consider before skipping out on this kind of insurance.
The number one benefit of holding Medigap policies is that you will be covered in all cases if you purchase the right insurance. This means that you will never have to worry about paying expensive medical bills because you hit a category that Medicare does not cover. If that happens and you are holding a Medigap policy, then you know that you will be in the clear. The younger you are, the better the deal you are going to get on the cost of your Medigap policies as well. This is something that you should keep in mind if you are considering getting this kind of insurance.