You review your bank statement meticulously and guard your personal information fiercely, but have you ever considered giving your Medicare Summary Notice the same scrutiny? Medicare fraud is not a victimless crime—it steals billions of taxpayer dollars each year and can directly jeopardize your own benefits and medical records. Spotting an error might feel like finding a needle in a haystack, but…
Tax season is prime time for financial scams against seniors Tax season is the perfect opportunity for thieves looking to con older adults. Fraudsters prey on people’s fear of the IRS to steal seniors’ hard-earned savings. We describe the most common tax season scams to avoid and recommend two trusted organizations where you can ask questions and get updates on the latest…
Elder financial abuse destroys lives and costs seniors a whopping $37 billion each year. Dr. Stacey Wood, Ph.D, one of the nation’s leading experts on elder financial abuse, shares 8 ways caregivers can help seniors avoid scams and fraud. Today, people over age 50 hold over 70% of the country’s wealth. But elder financial abuse is all too common. Fraudsters target…
Stay aware to prevent senior fraud Heartless scammers steal $36 billion from American seniors every year. They prey on older adults because they’re more likely to have savings and are more vulnerable to high-pressure tactics. Common scams targeting seniors include calls from fake IRS and fake Medicare representatives, people pretending to be contractors who repair houses, or fraudsters selling fake or predatory…
Senior scams are too common A terrible fact is that seniors get scammed out of $36 billion each year. Even worse, most of this money can never be recovered. Fraudsters are ruining lives by stealing hard-earned savings. Being aware of popular senior scams helps you protect your older adult from losing money to thieves. Since stolen money isn’t likely to be recovered,…
Protect seniors from 2018’s two most common tax scams Tax season gives con artists and scammers another way to fleece older adults, preying on their fear of the IRS. This year is especially dangerous because of the recent Equifax breach that leaked the personal information of at least 143 million Americans. AARP warns us of the top two tax scams that are…
Finding the right person to help care for your older adult can be tough. The top priorities are that they’re treated kindly and their care needs are met. But sometimes things don’t go smoothly and it’s difficult to know if there’s a real problem or not. Kathy Macaraeg from Caregiving Made Easy shares 6 signs that could mean there’s a serious issue…
Medicare is finally taking a big step to protect all 60 million beneficiaries from fraud and identity theft. They’re issuing new cards that don’t use a person’s Social Security number as an identifier. Today, con artists try to get Medicare numbers or personal information from trusting older adults. Then, because they have the Social Security number, they use that information to steal…
