Ep 545: Getting the Most Out of Medicare: What You Need to Know

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.
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