Navigating the Open Enrollment Process

The benefit selection process is upon us, and today we're discussing some tips for making the most of your open enrollment period. Have a money question? Email us ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.jillonmoney.com/contact Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jill on Money Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.jillonmoney.com/newsletter/substack YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.youtube.com/c/JillSchlesinger Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.instagram.com/jillonmoney "Jill on Money" theme music is by Joel Goodman, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.joelgoodman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ http://www.joelgoodman.com/.

• 0:03Speaker 00

  Welcome to the Jill on Money Show. It's Friday, November 6th, and we are here trying to take the mystery out of your financial life. If you've got a question, just go to our website, jillonthemoney.com, click the Contact Us button, write us a note. And if you want to join us on the air live, check the box. And we, when I say we, I mean Mark, will do everything else. While you're on the website, check out all the great content that lives there. Mark has done such an awesome job managing the website. And you'll see all sorts of fun stuff. Another podcast that's called Money Moves. You'll see our blog. You'll see videos, my books, resources, all that stuff, and more. Hey, Mark, come on the microphone. We're talking about the most wonderful time of the year, and it is not

• 0:48Speaker 00

  the holiday season. It is open enrollment. Let's go, baby.

• 0:52Speaker 01

  Tis the season. I love this stuff.

• 0:54Speaker 00

  By the way, the funniest thing about this is I had to beg to get on the air with this on television, because everybody gets so bored when you say these two words, benefit enrollment.

• 1:06Speaker 01

  And yet, and yet, everyone there has to go through the process.

• 1:09Speaker 00

  Yes. And by the way, after I, and we're going to play the clip that I was on the air, after I did the segment, I must have gotten a dozen emails from coworkers asking me questions, some of whom are great fans of the show.

• 1:22Speaker 01

  Well, they should just

• 1:22Speaker 00

  And you know very well.

• 1:23Speaker 01

  Well, hello, what's the, what is the company called CBS? I don't even know what the company's called.

• 1:28Speaker 00

  Skydance.

• 1:29Speaker 01

  Skydance. They should, they should just have you do like a webinar for the whole entire company and go through it.

• 1:34Speaker 00

  I used to do that, but I'm not raising my hand because, you know, I don't want to, I'm not asking for more work there. I'm trying to get less work from there. Okay? I want to go through some of this with the folks out there. I think that when we play this clip, you will not hear the tease. The tease that I was in the green room, and I was sitting down with Nate Burleson, and he said to me, you know, what do people need to think about? I'm like, don't be lazy and don't just do what you did last year. And I, I can't explain how important that fact is. To just go and do what you did last year is a really bad idea, because these plans, plans change every single year. Now, did

• 2:19Speaker 00

  you make any changes to your plan, Mark? Did you notice anything?

• 2:22Speaker 01

  Well, I will say that as we record this, I have not received any open enrollment information yet.

• 2:28Speaker 00

  Wow.

• 2:29Speaker 01

  It's very late.

• 2:29Speaker 00

  Kind of late.

• 2:30Speaker 01

  I think, I think the company is making a transition from one HR provider to another, which I think is pushing it back this year.

• 2:38Speaker 00

  That's, that's not great. Well, let's do this. Let us cue the segment. And then on the other side of it, I want to talk about some of the things that people need to consider. Affordable Care Act stuff about Medicare, which is also an open enrollment. I mean, there's so much going on. So this is a period of time, we're talking about like, no, like 200 million people who are going to be looking at their health insurance needs. This is why we do these kinds of segments on a broadcast, and also on the show. If you've got questions about your own situation, of course, get in touch with us. So here is the segment that recently aired on CBS Mornings. Your anchors are Nate Burleson, Gail King, and Nora O'Donnell.

• 3:20Speaker 02

  In today's Money Watch, we are looking at how you could waste a lot of money if you don't scrutinize your options. So grab your pen and pad. We have CBS News Business Analyst Jill Schlesinger. She is here with some good advice. Good morning.

• 3:30Speaker 00

  Good morning.

• 3:31Speaker 02

  All right. So what should people consider when deciding what insurance plan works for them?

• 3:35Speaker 00

  You know, I always think when you get this from your company, you're like, oh, my God, I'll just do what I did last year. And I think that's the

• 3:40Speaker 03

  Hello, my name is Gail.

• 3:41Speaker 00

  Yes, exactly.

• 3:42Speaker 03

  And you say, don't do that.

• 3:43Speaker 00

  I think the real issue is that these plans change from year to year. So you've got to say, hey, is my old plan, are my doctors still covered? Are the drugs that I take, are those still covered? Are there other alternatives that I can use that might drive down the cost? Also, keep an eye on those copays and deductibles. That's money out of your pocket. And those are increasing. So more workers are paying larger shares of those costs.

• 4:08Speaker 04

  Many employers are offering these high deductible health insurance plans. They have the lower annual premiums. I chose this one. Tell us why those might be worthwhile.

• 4:17Speaker 00

  So they're really interesting. Very good if you are healthy, and you don't have a big surgery scheduled for next year. As you said, a higher deductible, so more money out of your pocket before insurance kicks in. They are paired with something called a health savings account. You're going to put money into this account so you can pay for that higher deductible. You don't have to use it, but you can. To be clear, you can't put thousands and thousands and thousands of dollars, tens of thousands, but you can put $4,500 in for, as an individual, $9,000 as a family. Why is it so great? The money that you put into these, that does not get taxed. In these accounts, any earnings, not taxed. When you take the money out to pay for your healthcare costs, no tax, triple

• 4:58Speaker 00

  tax advantage. And what's so cool about this, it's not tied to your employer. You can take this wherever you go next, including into retirement.

• 5:07Speaker 04

  And I can use it for any doctor I choose.

• 5:08Speaker 00

  Exactly right.

• 5:09Speaker 04

  I can use it for braces.

• 5:10Speaker 00

  Anything you want.

• 5:11Speaker 04

  For, you know, eye surgery.

• 5:12Speaker 00

  Any healthcare costs that you have.

• 5:14Speaker 04

  Contacts.

• 5:14Speaker 00

  It's huge.

• 5:15Speaker 03

  Okay, so that's good. So enrollments for a lot of people starts November 1st. What if you're covered by the ACA? What do they need to?

• 5:20Speaker 00

  The news is not great on the ACA. Got to be clear about this. And the reason is that we have higher healthcare costs, but we also had the expiration of those premium tax credits. That was the money that you were getting during the pandemic to help defray the cost. So prices are going up. It looks like you're going to see a 15% increase in the cost of the Affordable Care Act. That comes on the back of a 58% increase from a year ago. So we see people are dropping out of the Affordable Care Act in droves. Please don't, please try to get coverage. One thing to do, move down a level. If you were in the highest plan, go to the silver plan. If you're in the silver plan, go to the bronze plan. It's a very good way to say, and some states actually have ways to help you with those costs.

• 6:04Speaker 04

  And quickly Medicare.

• 6:05Speaker 00

  Same thing. Compare your plans, especially your drug plans. And if you're on Medicare Advantage Part C, that's where you can make changes. This is the time. Okay, so Mark, right after we did this segment, the Kaiser Family Foundation came out with their analysis about how much people are paying for their health insurance. And the amount workers pay is up 9%. That's a lot. And when you hear about people getting kind of freaked out about the cost of medic, medical and health insurance, this is what they're talking about. They're saying, hey, yeah, I got, I got this great insurance through work, and I'm glad I don't have to pay for the whole thing. But the cost, the out of

• 6:48Speaker 00

  pocket cost, everything is rising. And I think that that is something that people don't focus on. And that's one of the big reasons that we spent some time during the segment, talking about those high deductible health plans. So I'm really, I'm glad that Nora asked about that, because I think that was really important. I, I am a little concerned, to be honest with you, about the Affordable Care Act. These premium increases are double digits. The amount of money people are paying out of pocket is rising. And I just feel like, we're getting to this old situation where people would just be like, I don't need health insurance. It's too expensive. I don't want that. Oh, my God. That's why I talked about trying to move down into a different plan to help you out. But what

• 7:32Speaker 00

  we did not get to was the dreaded Medicare open enrollment. Mark?

• 7:40Speaker 01

  Where's Marsha Mantel?

• 7:41Speaker 00

  Where's Marsha Mantel when you need her? If you are over the age of 60, I mean, if you're over 65, you already know about this. But if you're over the age of 60, just a reminder, this is the time to familiarize yourself with the Medicare system. Four parts. Part A, insurance for hospitalization, home or skilled nursing and hospice. Part B is your medical, your doctor's stuff, right? Part D, that is your medication, your prescription medication. Part C is not really Medicare. It's a private insurance plan that bundles A, B, and D.

• 8:22Speaker 01

  The only one that makes sense is D for drugs.

• 8:25Speaker 00

  Yeah, exactly. So I mean, sometimes people refer to A and B as original Medicare. Now, if you have questions about this, what you should really understand is that any of the plans that are offered by private insurers, right? So those Advantage Plans, but also the, all of the Medicare D prescription plans, that's what you can switch up during open enrollment. Open enrollment runs through December 7th, by the way. So you can enroll, change, or drop one of those Medicare combo plans. They should call it like the, the alternative plan, not Advantage Plan. Okay? And you can also change a prescription drug

• 9:06Speaker 00

  plan. Now, what we know from Marsha Mantel, fabulous expert extraordinaire, is that the, the, the part of the Medicare website that's actually really good, is the part where you can put your drugs into the, into the system and see whether it is covered or not, and which plan works for you. But that's about it. I should also note that the Social Security Administration just announced that recipients will, so if you're a Social Security recipient, you will be getting a cost of living adjustment next year, that will essentially, on average, mean another 75 bucks per month. So hopefully that helps with your, any increase that you see in your Medicare costs. It won't be

• 9:50Speaker 00

  everything, but it'll be a lot. Mark, isn't it shocking how convoluted our system is?

• 9:59Speaker 01

  Yeah, you know, you understand what some people say, yeah, it's done on purpose. It may, it may very well be.

• 10:06Speaker 00

  I don't know if it's done on purpose. You know what I think it's done by? I think it's done because it's too hard to muck around with it. I think, really think that that's it more than anything else. It's just, it's too hard to change it. And, uh, you know, listen,

• 10:19Speaker 01

  Why can't somebody just come in and like, you know, just like we've seen with so many other industries? But like, just look at financial services. Why, why can't somebody come in and just, just completely revamp and redo it and make it usable? User friendly?

• 10:32Speaker 00

  Because?

• 10:33Speaker 01

  It's all about money, I know.

• 10:34Speaker 00

  Yeah, it's about money, but it's also because of the way that this country delivers health insurance through the employer, not so much anywhere else, right? And so the whole system is not set up as a nationalized system. And then, once you get to Medicare, people are switching from their insurance through work to this other system that is quasi-government, but also quasi-private. So it's like the worst of all circumstance, like it's the worst public-private partnership you could ever imagine. And by the way, healthcare costs are escalating at an enormous rate. And no, there is no easy fix to the system. There just isn't.

• 11:18Speaker 00

  Forget about the fact that the systems, like this is the part of the system that's really problematic more even so than social security. So with that being said, if you are looking at your own health insurance choices and you need some guidance, or you just want to look ahead to whatever's going on in your life and say, how am I incorporating Medicare into my retirement? Or if you have a question about how to manage your relationship with your aging parents or your adult children or anything else, maybe it's a new job, maybe it's a piece of real estate, whatever it is, get in touch with us. Go to jillonthemoney.com, click the contact us button, write us a note. If you want to join us on the air, just check the box and Mark does everything else.

• 12:02Speaker 00

  And we are always so grateful when you come on the air because it's a lot more fun for us. You can subscribe to us on the Odyssey app or wherever you find your favorite podcasts. It is Friday, so let's do some thank yous. Thank you to Mr. Joel Goodman. He composed our music. Mark Talarseo, the executive producer and king of all things web. We also like to thank the folks at Odyssey who do such a great job for us. If you would not mind, could you do something nice for someone else today? Change your work, change your wealth, change your life. Thank you for listening and talk to you on Monday.

• 12:45Speaker 05

  The business world is moving faster than ever. And when change hits, we need to learn in real time. On Rapid Response, you'll hear candid conversations with CEOs and leaders making tough calls about AI, human talent, responsibility, and the bottom line, how they navigate uncertainty, pressure, and high stakes moments. I'm Bob Safian, former editor in chief of Fast Company, and I'll be your host as each episode breaks down what you need to know right now. You can find Rapid Response wherever you get your podcasts.