Retirement Blog

Finance Blogs » Retirement Blog » What Medicare doesn’t cover

What Medicare doesn’t cover

By Jennie L. Phipps ·
Wednesday, January 30, 2013
Posted: 2 pm ET

When you're calculating how much Medicare will cost, consider this information from about what it doesn't cover.

  • Routine dental care.
  • Dentures.
  • Hearing aids.
  • Routine eye care and most eyeglasses.
  • Routine foot care such as trimming corns and calluses.
  • Orthopedic shoes.
  • Acupuncture.
  • Chiropractic services, except to correct a subluxation (when one or more of the bones in the spine move out of position) using manipulation of the spine.
  • Some vaccinations.
  • Long-term care whether it is given at home or in a facility such as a nursing home.
  • Coverage when you are traveling outside the U.S. (Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa and the Northern Mariana Islands are all part of the United States, so if you're wintering in one of those warm spots, you're covered).

If you use one or more of the above services regularly and they are currently covered by your private insurance plan, when you move to Medicare, your costs will increase, and you'll need to factor that into your retirement planning.

Choosing a Medicare Advantage plan could be part of the solution. Some of these services are covered by some Medicare Advantage plans, but there's no guarantee. Medicare Advantage plans are all administered by private insurance companies that can and do set their own coverage options and rules.

Allsup Medicare Advisor service warns anyone purchasing a Medicare Advantage plan that appears to cover a frequently used service to read the fine print carefully. The coverage may have significant limitations.

Other options include buying an additional private insurance plan such as dental insurance. Signing up for discount cards also may offer some savings. If you have a very limited budget, Medicaid kicks in for some of these services.

In any case, be sure to factor these costs into your retirement budget with a generous inflation factor. Anyone who believes health care costs are going to decline is dreaming.

Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
January 31, 2013 at 10:44 am

WAKE up America Just as we were led to believe SS would be there for the elderly to survive in a respectable manner it was ravaged by the Gov. to meet their needs not ours. Obama and his gang are out to destroy the American dream and work ethic as we know it. Their goal is to take as much as possible from responsible HARD WORKING people and give to those who know how to work the system rather than THOSE in REAL NEED. The past election clearly showed that the Democrats through their giveaway hand outs HAVE secured enough votes (which will continue to grow with more handouts)to win the Presidency moving forward for MANY years. After all WHO would votes a party out that pays them not to work, be responsible, or contribute to the well being of America? We are slowly going the way of other PAST great countries who were tricked by government into thinking no one has to pay for their FREE lunch. God HELP America. OH SORRY I forgot the government has pushed God out also. WAKE UP AMERICA

January 31, 2013 at 9:35 am

Cradle to grave, cradle to grave

January 31, 2013 at 9:13 am

This article is intended to provide information about
Medicare and not as a "sounding board" for complaints,
personal opinions, or other irrelevant comments. If you
have something to share with others concerning Medicare,
such as traveling abroad, personal experiences, etc.,
please share it. Otherwise, please have the courtesy to
say nothing at all.

January 31, 2013 at 9:05 am

You can tell alot about a country by the way they take care of their elderly.

America has lost her way.

January 31, 2013 at 7:41 am

They don't care about you medical problems. They don't care about how much it cost's you. They don't care about how much $$ you have or don't have why because they don't have to worry about where their medical is coming from they have a whole different plan. THAT WE PAY FOR.

January 31, 2013 at 7:31 am

they don,t wont you to live past 62year old don,t you no that
well or you going to delete thisit the true

January 31, 2013 at 7:24 am

they don,t wont you to live past 62year old don,t you no that

Martha Cole
January 31, 2013 at 5:37 am

Routine dental care and other dental services are imperative to prevent infection and possible loss of limbs if one has a knee replacement. Thus it should be covered under Medicare. Shame on Congress! They are all old enough to understand this!

January 31, 2013 at 5:33 am

If you have diabetes almost all of those are covered.

January 31, 2013 at 1:51 am

How will I be able to work until I'm 105 years old if I can not see to drive to a dead end job or reach to do my own ingrowns, have bad breath and a gimp from having worked 45 years? How do "they" expect me to keep putting into the system if I'm broke down? After all, my main purpose in life is to continue to serve those that serve me.......