If you're taking part in the annual Medicare open enrollment period, here's how you can avoid being scammed.
Elder fraud persists as an issue, with a recent FTC report showing that in 2021, older adults lost $121 million to scammers posing as government officials and another $151 million to scammers impersonating private business employees. Of Medicare's roughly 64.5 million beneficiaries, 56.6 million are age 65 or older.
"Some scammers set up spoof websites," Parker said. "You provide your information and it goes to the scammer, who might be anywhere in the world." Hang up if anyone calls and asks for your Medicare, Social Security or bank or credit card information. Legitimate Medicare employees have your Medicare number on file.
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