Final answer:
Medigap plans partially cover Medicare Parts A & B cost-sharing requirements, including deductibles, copayments, and coinsurance.
Step-by-step explanation:
Medigap plans partially cover Medicare Parts A & B cost-sharing requirements. This means that they help to pay for the out-of-pocket costs that patients have to pay for their hospital and physician services under Medicare.
For example, Medigap plans may cover the deductibles, copayments, and coinsurance associated with Medicare Part A and Part B. This can include expenses such as hospital stays, doctor visits, medical tests, and outpatient services.
It's important to note that Medigap plans do not cover prescription drugs, so if a patient needs prescription medications, they may need to enroll in a separate Medicare Part D plan.