Medicare 2026: Everything You Need to Know

Medicare can feel overwhelming, especially when you're approaching age 65 and faced with decisions that could impact your healthcare and finances for years to come.

In this episode of Money Sense, Jean Range sits down with Medicare specialist Jim Larson of HealthMarkets Insurance Agency to break down the basics of Medicare and address some of the most common misconceptions people have when enrolling. From understanding Parts A, B, C, and D to comparing Medicare Advantage and Medicare Supplement plans, Jim shares practical insights from nearly two decades of helping retirees navigate their options.

Whether you're preparing to enroll in Medicare, still working past age 65, or helping a loved one evaluate their coverage, this conversation provides valuable guidance to help you make more informed decisions.

Episode Highlights

2:11 - Why Jim Chose to Specialize in Medicare
Jim shares how helping people understand complex insurance choices became his mission nearly 20 years ago.

10:24 - Medicare Open Enrollment Explained
Learn what happens during Medicare's annual Open Enrollment period and why reviewing your coverage every year matters.

12:01 - Who Qualifies for Medicare?
Understanding eligibility, Medicare before age 65, and what happens when you're still working past traditional retirement age.

17:20 - Medicare Advantage vs. Medicare Supplement Plans
One of the most important decisions retirees face, and the pros and cons of each option.

23:18 - Common Mistakes People Make with Medicare Coverage
How plan networks, ZIP codes, and annual changes can impact your healthcare choices.

39:17 - Medicare Scams and Unwanted Phone Calls
Jim explains why Medicare won't call you and how to avoid costly enrollment mistakes.

41:10 - Understanding Prescription Drug Coverage
Why drug plans vary, how formularies work, and what to know about medication costs and coverage limits.

47:59 - The Question Everyone Should Ask
Jim shares the one question he wishes every Medicare enrollee would ask before selecting a plan: "Is this really enough coverage?"

ELLENBECKER INVESTMENT GROUP

Presenter of the Money Sense Podcast. Ellenbecker Investment Group (EIG), a registered investment advisor, provides comprehensive financial planning and fiduciary wealth management services for individuals, families, businesses, and charitable organizations. EIG's planning-first approach helps clients align their financial decisions with their values, goals, and long-term vision for the future.

Website: ellenbecker.com

This podcast is for educational purposes only and should not be considered legal, tax, or financial advice. Guest opinions represent the views of the individuals speaking and do not necessarily reflect the views of Ellenbecker Investment Group. Before making financial, tax, retirement, or investment decisions, consult with qualified professionals familiar with your individual circumstances.