Medicare and Social Security May Not Go as Far as You Expect in Retirement

While we have to save for the bulk of our retirement expenses on our own, most of us can look forward to some government assistance in the form of Social Security and Medicare. Medicare is government-funded health insurance available to adults 65 and older. You can also add prescription drug coverage, which is known as Medicare Part D. But nowhere in Original Medicare's terms will you find coverage for dental or vision care, hearing aids, or long-term care.