This period is the thick of Medicare enrollment. It runs from October 15 to December 7. You may have many questions, and you may be researching your options. But beware, there are scammers out there who might take advantage.
Every year, thousands of seniors are the victims of Medicare scams. In 2021, imposters conned seniors out of $121 million. But what should you be on the lookout for, and how do you protect yourself?
Why the Medicare Scam?
Most people know that identity thieves steal credit card numbers or Social Security numbers. But Medical identity theft is more lucrative. Generally, 65 percent of Medicare scam victims pay $13,500 or more in fraudulent medical bills.
The Medicare numbers they scam out of their victims are used to make false medical claims. They also use your Medicare number to divert your prescriptions and use them illegally.
Consequences of Medicare Scam
One of the consequences of a medical scam is bad credit. The scammer uses or sells your information, which is then used with health care providers. Then, when the additional bills roll in, they come to your mailbox. You’re in danger of these false charges ruining your credit. It could take months or years to straighten out.
You’re usually healthy and don’t use your benefits often. But the scammer has your Medicare number and does use your benefits. If you have a big need for health care, you might find your benefits are tapped out. There’s nothing left for you. Unfortunately, it’s…
