Senior Frauds & Scams

You love your parents. People you haven't met love them, too. They're called scam artists, and they're after one thing: your parents' money. Investment fraud accounts for nearly 50% of all complaints received by state securities regulators and it tends to target the elderly.

For years, Medicare cards have plainly displayed beneficiaries’ Social Security numbers, leaving millions of seniors vulnerable to identity theft. Fortunately, the government has implemented system improvements to protect this sensitive information.

New research shatters the myth of the cranky, aging cynic. But is becoming more trusting as we get older a good or bad thing?

Phishing emails can be used to steal consumers’ personal information and gain access to electronic devices and bank accounts. Discover how to spot fake emails and keep your important information secure.

Many skilled nursing facilities offer residents the option of setting up a trust fund into which money can be deposited to pay for care and personal needs. Such accounts are supposed to simplify money management for seniors, but they also come with risks.

Understand the specifications of your POA document to avoid unnecessary strife regarding important medical and financial decisions.

Con artists tend to target seniors during the annual Medicare Open Enrollment period, but learning a few basic facts about how the Centers for Medicare and Medicaid Services (CMS) operates can help you easily spot and avoid Medicare-related scams.

When you're buying a Medicare Advantage Plan, the best way to avoid being taken advantage of is to always be cautious and arm yourself with as much information as possible before buying a plan.

Elderly people are often targets for robbery, purse snatching, pick-pocketing,complex internet or phone scams and other forms of financial abuse. Use these tips to avoid risks and stay safe.