Medicare: 7 Things You Don't Know - #1. Not Everything Is Covered

Couples retiring at age 65 this year are expected to incur $220,000 in out-of-pocket health care costs on average during their retirement years, INCLUDING deductibles, co-payments and services NOT covered by Medicare such as dental, vision and podiatry expenses. 

The estimate DOES NOT include Long-Term Care (LTC) costs.

Source: Fidelity Investments’ 2014 Retirement Health Care Cost Estimate.