Elderly Financial Abuse is one of the most rapidly growing issues in Banking today! This is just one reason why we all should Know our Banker. Here at GSB, we are your contact for everything!
Who are the perpetrators of elderly financial abuse?
- Family members to include sons, daughters, grandchildren, or spouses
- Individuals who “seek out” vulnerable seniors with the intent of exploiting them
- Professionals or people posing as such
Conditions/Factors/Events that trigger the Increased Risk
- Isolation/Loneliness
- Family members who are unemployed
- Recent losses
- Physical/Mental Disabilities
- Lack of knowledge of Financial Matters
Medicare ID Fraud and helpful tools to prevent it
Keep your ID cards safe and secure
Check your statements carefully by logging on to www.MyMedicare.gov
Report suspicious activity to 1-800-MEDICARE
New Medicare cards starting April 2018
Social Security numbers will no longer be used, a specific ID number will be assigned
Make sure your address is current at www.ssa.gov/myaccount or call 1-800-325-0778
Recent Phones scams to watch out for:
- IRS, Taxes, Refunds
- Law Enforcement
- A member of the community or town
- Having information about a loved one injured and needing money
- Insurance Agents
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