Show Notes
Medicare can feel like a maze of parts, plans and deadlines – and getting it wrong can cost you.
On this episode of the HerMoney Podcast, sponsored by LIMRA, Jean sits down with mother-daughter Medicare experts Diane Omdahl and Melinda Caughill of 65 Incorporated to break down exactly what you need to know: when to enroll, how to choose between Original Medicare and Medicare Advantage, and what's changing in 2027 that could catch beneficiaries off guard – from Part D drug plan shakeups to insurers pulling back from Medicare Advantage.
We cover:
The basics of Medicare – who's automatically enrolled and who isn't, and when you should start prepping to make Medicare decisions
A quick guide to Parts A, B, C and D, plus where Medigap fits in
Original Medicare vs. Medicare Advantage: the key differences and why the choice matters more than you think
What to know about switching plans later – and why timing is everything
What's changing with Part D and Medicare Advantage in 2027
A tool that can help simplify comparing your options during open enrollment
After you’ve listened, if you’re ready to dig in, LIMRA’s 5-step guide to planning for healthcare costs in retirement is a great place to start. It will help you get organized, understand your options, and know what to ask your advisor about building a healthcare strategy before you retire. Learn more about your ad choices. Visit megaphone.fm/adchoices
More from HerMoney with Jean Chatzky
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Financial literacy isn’t just a problem for young people — it spans every generation and income bracket, and the numbers have only gotten worse over the last decade. So what actually works?
Sixty percent of Americans say they feel scared when they think about the future, and women are more likely than men to feel that way. If your instinct is to push that fear down, breathe through it, or just try to be more fearless, Farnoosh Torabi wants to stop you right there. Because fear, she argues, isn’t the enemy. It’s actually one of the most powerful tools you have, if you know how to listen to it.
Have you ever stopped to think about how nearly every product in your life — the car you drive, the shoes on your feet, the chair you're sitting in right now — was actually designed for men? Because cars were designed for men, women are 73% more likely to be seriously injured in a crash, and 17% more likely to die in one. And it doesn't stop at cars; even your sneakers were likely modeled on a man's foot first.