Warning: Medicare Doesn't Cover This 1 Massive Expense
If you're new to Medicare, or are planning to enroll in the near future, it's imperative that you understand how the program works and what it costs. For example, some people incorrectly believe that Medicare is free, when, in fact, it's only Part A, which covers hospital care, that doesn't charge participants a premium.
Not only is Medicare not free, but your out-of-pocket healthcare costs in retirement could wind up being far more substantial than you'd think due to the number of services Medicare doesn't cover. For instance, dental exams aren't picked up by Medicare, and neither are vision services or hearing aids. But if there's one major non-Medicare-covered expense you really need to watch out for, it's none other than long-term care.
Image source: Getty Images.
Source Fool.com
