Nowadays, seniors are the target of many different fraud organizations because they are more susceptible to fall prey to different types of scams because of their high vulnerability. The statistics are alarming of how much fraudulence there is out there and how many seniors get scammed. The majority of scams involve Medicare, con artists disguised in health representatives knocking on their doors asking them to provide personal information to get their health needs covered. Same happens when these health care representatives sell counterfeit prescription drugs that besides being very expensive can also turn out to be very harmful substances that may cause detrimental health implications. Anti-aging products are also on the list of top scams performed by the same health care agents who distribute fake Botox to those who want to get rid of fine lines by any means. Such scams can happen both, face-to –face or on the phone. Therefore, it’s somewhat difficult to trace such scammers.
Another scam is in the insurance market to seniors. Many agents are out to take seniors for a ride, however there are ways to be sure you get the best coverage. For those on Medicare, which is most people over the age of 65, it really can be easy finding additional coverage. Search all the Medicare supplement plans in 2016 to see which one fits your needs the best. Then, find an independent agent who will shop all the rates from the best carriers to see what’s best for you each year.
Some other major scams are performed in the domain of investment because more and more seniors are looking for investment options, especially in real estate. And real estate is the target of many con artists as well. Some of the most famous cons are Bernie Madoff’s pyramid schemes as well as the rich Nigerian prince looking for partnership in real estate investment. And the truth is that many seniors fall prey to such pyramid schemes. That is why we would like to raise the awareness today to end this crime that is happening throughout the entire U.S. territory.
Seniors are highly advised to have their own legal representatives checking out any cases that involve giving out their personal information and money to unknown organizations and/or third parties. If you don’t have a legal representative, you should consider hiring a highly acclaimed legal agent who operates within your region in order to make sure scams like these won’t ever happen to you.