Scams and fraud schemes targeting seniors have become alarmingly prevalent in recent years. Older adults are particularly vulnerable due to reduced technological literacy, trusting dispositions, and potentially diminished cognitive abilities. With scammers using increasingly sophisticated methods to exploit seniors, staying informed about common scams can significantly reduce the risk of falling victim to such predatory practices.
Identity Theft
One of the most common scams affecting seniors is identity theft. Fraudsters steal personal information like social security numbers, bank account details, and passwords to impersonate others. With this stolen information, they impersonate unsuspecting individuals, usually to make unapproved purchases or commit fraudulent activities. Seniors can protect themselves by being cautious with their personal information. Be wary of unsolicited requests for your Social Security number, banking details, or other private credentials.
Medicare/Health Insurance Fraud
In Medicare or health insurance scams, fraudsters pose as insurance representatives. Their goal is to trick seniors into sharing their personal and health insurance details. They then use this information to file bogus claims. One key to avoiding this scam is to avoid giving out your Medicare or insurance information over the phone unless you initiated the call to a verified contact.
Counterfeit Prescription Drugs
Counterfeit prescription drugs scam involves fraudsters selling fake or low-quality medications, often through online platforms. These drugs can be harmful as they may contain incorrect ingredients or dosages. To avoid this, seniors should always purchase medications from trusted pharmacies. You should also verify any unfamiliar online pharmacies with your healthcare providers.
Funeral & Cemetery Fraud
In a funeral and cemetery scam, fraudsters exploit seniors' emotions to sell overpriced or unnecessary funeral services and products. They may also capitalize on the senior’s lack of knowledge about funeral expenses to overcharge seniors. Always research and compare prices before signing up for these products and services. Take time to verify the reputation of the funeral service provider before making any commitments.
Telemarketing/Phone Scams
Telemarketing scams are prevalent, with fraudsters persuading seniors to purchase bogus products, donate to fake charities, or invest in fictitious ventures over the phone. A simple rule to remember here is if the offer sounds too good to be true, it probably is. Seniors should also be cautious about sharing credit card information over the phone.
Internet Fraud
Internet fraud can take many forms, such as phishing emails, fake online auctions, or fraudulent "tech support". These scams often prey on seniors' limited familiarity with technology and their willingness to trust seemingly helpful individuals. Seniors must keep their computers' security software updated to stay safe online. Older adults must also be wary of unsolicited emails and avoid clicking on unfamiliar links.
Get Personalized Senior Care at Senior Helpers Appleton
Staying vigilant and informed is the best way to prevent falling prey to fraud schemes targeting seniors. If you need assistance with daily tasks or companionship in your golden years, Senior Helpers Appleton can help. Serving Appleton, Menasha, Neenah, Oshkosh, and the surrounding Fox Cities Area, we provide a variety of services tailored to your needs. Contact us to learn more about our senior care services!