That is exactly what it means. You can deduct medical expenses and education expenses only for yourself, your spouse, and for your dependents.
You will find the rules for claiming medical expenses in IRS Pub. 502, at this link:
IRS Pub. 502,
http://www.irs.gov/pub/irs-pdf/p502.pdfand you will find the rules for claiming education expenses in Tax Benefits for Education at this link;
http://www.irs.gov/pub/irs-pdf/p970.pdf
