Q. What are Parts and Plans?
The Short Answer
Medicare is divided into separate parts (Part A, Part B, Part C, Part D). Medicare Parts A and B are handled through the government. Medicare Part C is another name for Medicare Advantage, which is optional insurance you can get through an insurance company. Medicare Part D is the drug coverage portion of Medicare.
Medicare supplement is insurance coverage that is defined by the government. There are different Medicare supplement insurance plans (Plan A through Plan N). Because Medicare supplement insurance plans are defined by the government, a specific plan, like Medicare supplement Plan F, will offer the same benefits no matter what company you purchase it from. (Some companies may introduce small additional features like gym memberships, but all healthcare benefits are the same.)