Financial abuse of seniors – the improper or illegal use of an elder person’s resources – seems to be growing at an alarming rate. Due to lack of awareness, a fear of retaliation and the loss of personal independence, most elder abuse victims do not report what occurred. Should the truth finally get out, many victims fear retaliation from the abuser, and depleted trust and respect from those who care.
Elder Financial Abuse Continues to Escalate
Elder financial abuse is very much on the rise. According to the National Council on Aging, between one and two million Americans age 65 and above have been injured, exploited or otherwise mistreated by someone on whom they depend for care or protection including both family members and friends.
Medicare Fraud is on the Rise
Be on the look-out! Medicare seems to be sending an increasing number of written statements indicating services from doctors the patients never heard of, and certainly never met. Although such billings can usually be explained as valid and correct, there is no question that Medicare fraud is on the rise.
Identity Theft: Devious and Present Danger
How to Prevent It; How to Deal With It
Identity theft is the crime that keeps on taking often for years. When someone steals your car, you can be pretty much back to normal in a few weeks. But if someone takes your identity, it may take months or even years to correct your credit records. During the frustrating cleanup period, you could be turned down for a significant loan like a home mortgage or new credit.
Is That Contractor on the Level?
With the home real estate market in such turmoil in California, many homeowners, especially seniors, are considering staying in their homes and making home improvements and repairs. This can make the homeowner vulnerable to unscrupulous scammers and contractors in search of a quick buck.