Medicare Isn't All-Inclusive: The Costs Retirees Often Miss

For many people, signing up for Medicare feels like crossing the finish line when it comes to healthcare planning in retirement. But Medicare is only a foundation—not a complete solution. Without understanding where coverage ends, unexpected healthcare expenses can create challenges for your retirement income plan and long-term financial goals. In this video, Dann Coakwell, DMA breaks down the important Medicare gaps retirees should understand and discusses: Why Original Medicare doesn't cover routine dental, vision, and hearing care The key differences between Medicare Advantage and Original Medicare with Medigap Why long-term care is one of the biggest healthcare-related financial risks in retirement How prescription drug costs and IRMAA surcharges can impact your retirement budget What retirees should know about Medicare coverage when traveling outside the United States Whether you're approaching retirement or already retired, understanding your potential healthcare costs is an important part of building a comprehensive financial plan. 💬 Have a question about Medicare or retirement planning? Leave it in the comments below! 👍 If you found this video helpful, be sure to Like, Subscribe, and turn on notifications for more educational content on retirement planning, investing, taxes, and everything money touches. Learn more about John G. Ullman & Associates, Inc. and our financial planning services at JGUA.com. Schedule Your No-Obligation Consultation: https://jgua.com/schedule-your-consul... Follow JGUA on Facebook:   / jguahq   Follow JGUA on LinkedIn:   / john-g-ullman-associates-inc-   Visit the JGUA Blog: https://jgua.com/blog-2/ Meet Dann Coakwell, DMA: https://jgua.com/wp-content/uploads/2... 0000:00 Introduction: Medicare Isn't All-Inclusive 00:35 What Medicare Doesn't Cover 01:30 Medicare Advantage vs. Original Medicare + Medigap 02:30 The Long-Term Care Coverage Gap 03:25 Prescription Drugs, IRMAA & Hidden Costs 04:20 Planning for Healthcare Costs in Retirement 05:05 Final Thoughts