Tips To Avoid Being Defrauded!

Tips To Avoid Being Defrauded!

After more than 20 years building relationships with people on Medicare; I have experienced my share of abuse and fraud. Unfortunately, the older population seems to pay special attention to cheaters who want to steal money – and this unfortunate trend has continued unabated.

According to a report by the National Council on Aging, the following are the main financial frauds for seniors:

  1. Calls from criminals posing as social security, Medicare, or federal government employees asking for personal information, such as date of birth, social security number, maiden name, and even bank account or credit card numbers.
  2. Telephone calls, letters, and e-mails from the IRS threatening harsh sentences and imprisonment if money is not immediately sent to them.
  3. Counterfeit prescription drugs, supplements, and anti-aging treatments, which are usually announced by mail, on the internet or on television, and offer counterfeit medicines that may be unsafe, ineffective, and expensive.
  4. Funeral and graveyard robberies and scams whereby thieves use obituaries to find out when funeral services are being held so they can rob your home.
  5. computer/Internet viruses that present themselves as pop-up advertisements can steal your passwords, personal information, and even payment information.
  6. Lottery and sweepstake fraud where criminals demand that you send them money to get your prize. The scammers usually require you to use Western Union or MoneyGram to send a processing fee.
  7. Reverse mortgage fraud, which has resulted in seniors actually losing their homes.
  8. Grandchildren scams where criminals will make call to pose as out-of-town grandchildren and will ask their grandparents to send them money by mail.
  9. Investment plans where counterfeit financial intermediaries sell illicit real estate or financial products or real and then disappear with your hard earned cash.
  10. Door-to-door scams where sellers will provide turf, tree and roof work, etc. under high pressure. These criminals will usually ask you to pay their workmanship fee in advance and will schedule a later date for you. If they do business in this way, there is a good chance that they will take their money and disappear with it.

Fast rules, to help you avoid the traps of these criminals.

  1. NEVER transmit your personal information over the phone to ANYONE at all. It does not matter who they claim to be; Just do not do it!
  2. If it sounds too good to be true, it is likely so.
  3. If someone you do not know knocks on your door; you are not obligated to respond to it. Unfortunately, there have recently been reports of criminals knocking on your door in broad daylight and coming to your home on your invitation.
  4. Do not pay anyone for services that have not been provided.
  5. Change your computer passwords frequently and keep them in a safe place.
  6. If in doubt, call Insurance Services or a family member to notify them of suspicious calls, emails, or mails. There is nothing embarrassing if you do not know if something is legal or not. Scammers often target people who trust exceedingly.  Find a supplement plan at to plan for 2020 enrollment.
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