Uncovering the Truth: What Medicare Really Offers Retirees

Medicare spends over $100 billion annually on long-term services and supports (LTSS), covering medically necessary care like skilled nursing, rehabilitation, home health, and hospice, which differs from age-related long-term care it typically does not cover. In 2023, Medicare funded 18% of the $564 billion LTSS total, exceeding out-of-pocket household payments. Most seniors spend less than $100,000 on LTSS over retirement, with many costs covered by Medicare, Medicaid, and insurance.