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