Friends Talk Money

The High Cost of Doing Nothing: Medicare Open Enrollment Mistakes to Avoid for 2026


Listen Later

Three-quarters of Medicare beneficiaries say choosing a Medicare plan is confusing, and nearly 7 in 10 (69%) Medicare beneficiaries have not compared their own source of Medicare coverage with other Medicare options offered in their area during past open enrollment periods, according to surveys. These actions can cost you money and limit your medication coverage and pharmacy access.

In this episode of Friends Talk Money, we unpack what you need to know about Open Enrollment and your plan options, diving into the pros and cons of Original Medicare plus a supplement and Part D plan versus Medicare Advantage. We explain what's different this year, including the inconsistency around premiums and the discontinuation of Anthem standalone Part D plans.

Our special guest is Diane Omdahl, a nationally recognized expert in Medicare. She's the creator of 65incorporated.com, which guides seniors in their Medicare choices, and author of the bestselling book, Medicare For You. She joins us to explain what steps you can take now to ensure your coverage is fully meeting your medical needs and isn't costing you more than you need to spend in 2026.

  • Medicare Beware! A Special Report (Terry Savage)
  • Survey: 75% of Medicare Beneficiaries Say Selecting a Plan Is Confusing
  • Nearly 7 in 10 Medicare Beneficiaries Did Not Compare Plans During Medicare's Open Enrollment Period
...more
View all episodesView all episodes
Download on the App Store

Friends Talk MoneyBy FriendsTalkMoney.org

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

84 ratings


More shows like Friends Talk Money

View all
Jill on Money with Jill Schlesinger by Audacy

Jill on Money with Jill Schlesinger

1,943 Listeners

Sound Retirement Radio by Jason Parker

Sound Retirement Radio

449 Listeners

Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Retirement Answer Man

1,311 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

530 Listeners

The Retirement and IRA Show by Jim Saulnier, CFP® & Chris Stein, CFP®

The Retirement and IRA Show

749 Listeners

Big Picture Retirement® by Devin Carroll, CFP® & John Ross, JD

Big Picture Retirement®

550 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

674 Listeners

The Boldin Your Money Podcast by Steve Chen

The Boldin Your Money Podcast

201 Listeners

Retire With Purpose - The Retirement Podcast by Casey Weade

Retire With Purpose - The Retirement Podcast

587 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

809 Listeners

The Rob Berger Show by Rob Berger

The Rob Berger Show

190 Listeners

MoneyWatch with Jill Schlesinger by CBS News

MoneyWatch with Jill Schlesinger

426 Listeners

Retirement Planning Education, with Andy Panko by Andy Panko

Retirement Planning Education, with Andy Panko

914 Listeners

Retire With Style by Wade Pfau & Alex Murguia

Retire With Style

182 Listeners

Retirement Answers by Jacob Duke, CFP®

Retirement Answers

104 Listeners