Avoiding Costly Healthcare Mistakes: How to Choose the Right Medicare Plan

Episode 813 | 03.26.25 

In this episode of Fried On Business, host Jim Fried welcomes his longtime friend and former co-host, Matt Gold, better known as "Medicare Matt". Matt breaks down the key differences between Medicare and Medicaid, explains how to avoid costly mistakes when choosing a healthcare plan, and offers valuable insights for anyone nearing retirement.

Matt shares practical advice on:
 ✅ Choosing between Medicare Supplement and Medicare Advantage plans
✅ Timing your Medicare enrollment to avoid penalties
✅ Ensuring your preferred doctors are included in your plan

If you're approaching 65 or planning your retirement healthcare strategy, this episode is packed with insights to help you make informed decisions.

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About Our Guest:

Almost everyone age 65 and older is eligible to sign up for Medicare, the federal health insurance program that covers the majority of your health care costs. And while the benefits are considerable, understanding Medicare can be confusing – no matter how educated you are. There’s Part A, B, C and D; initial, open and special enrollment periods; 11 different Supplement plans offered by more than 30 different companies and over 40 different advantage companies. The list goes on and on.

Each year I help hundreds of people, including accountants, lawyers, homemakers, financial planners and doctors, navigate the Medicare maze. In simple terms, I help them understand their options, when to sign up, how to sign up and how to make a change. As an educator, facilitator, frequent guest speaker and licensed insurance agent, my objective is simple: to help people understand their choices and select a plan that meets their unique health, financial and lifestyle needs.

Let me do for you what I’ve done for so many – navigate the system. In just one visit I think you’ll understand why my business has been built strictly on referrals: I get Medicare, and I am passionate about making it simple enough for you to get it too – no matter how many questions, meetings or phone calls it takes.

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Jim Fried has been a real estate business person since 1980 and has had his own radio show since 2009.

Mr. Fried specializes in capitalizing commercial real estate transactions, unearthing urban land opportunities and is also a private lender.

He has been active in the real estate industry for many years as a financial intermediary, broker and investor. He has experience with many property types including, but not limited to: apartments, condominiums, retail centers, office buildings, industrial parks and health care – with a special focus on memory care.

Jim has closed over $3BB in real estate transactions during his career in markets across the eastern US.

Jim uses his communication skills to inform and entertain on his weekly podcast show – Fried on Business. Of course, the show discusses real estate, but he also tackles issues such as branding, sports business, philanthropy, entrepreneurship, public private partnerships as well as health and wellness.

He is also a mentor to many up and coming people in the real estate industry through his membership on the Board of The University of Florida’s Bergstrom Center for Real Estate Studies.

Mr. Fried is a winner of the Miami-Dade Public School Alumni Achievement Award.

Contact Jim via email at jim@friedonbusiness.com