Financial fraud, abuse and scams are on the rise and seniors are especially at risk. Learn more about how to protect yourself and those you care about.
Since every U.S. citizen or permanent resident is eligible for Medicare at age 65, seniors are a prime target for Medicare fraud. These scams trick seniors into providing their Medicare or Social Security number. Other healthcare scams include health insurance …
Undue influence is a critical part of any type of senior abuse – financial, physical, or sexual. Some seniors are more likely to be vulnerable to undue influence because they are more trusting in nature or have a reason to …
The increasing frequency of reverse mortgages has unfortunately meant that mortgage scams are also on the rise. Preying on fears of financial insecurity, scammers convince the senior that a reverse mortgage is the answer to the senior’s financial problems. In …
Granting power of attorney (POA) to someone is a significant step. Having power of attorney over someone means having the right to make legal decisions for that person. Some people can use this power maliciously, causing a senior to lose …
Foreclosure rescue scams and deed theft are tricks con artists use to steal property from unsuspecting seniors. Feeding off the fear of losing their homes, many seniors believe these scammers out of desperation and are betrayed by their own trusting …
Annuities and living trusts are well-established legal products that can help provide economic security to seniors. But some unscrupulous con artists target seniors to buy these products at a high cost or to raid their assets. They target seniors through …
Predatory lending is any lending practice that imposes unfair or abusive loan terms on a borrower. It is also any practice that convinces a borrower to accept unfair terms through deceptive, coercive, exploitative or unscrupulous actions for a loan that …
From the U.S. Department of Health and Human Services 1. Don’t let anyone borrow or pay to use your Medicare ID card. 2. Don’t respond to telemarketers who say they are from Medicare or Social Security and ask for payment over the …
WISER publishes its WISERWoman newsletter quarterly. Get a firsthand look at WISER's materials and the latest information, news and resources to help you plan for your financial future.
WISER publishes its WISERWoman newsletter quarterly. Get a firsthand look at WISER's materials and the latest information, news and resources to help you plan for your financial future.