Study: Seniors big target for scammers - DC News FOX 5 DC WTTG

FOX 5 I-Team investigates

Study: Seniors big target for scammers

Posted: Updated:
ATLANTA -

Local senior care experts warn that the elderly population has become a big target for scammers. With the growing number of elderly, and more sophisticated scammers, the combination can be a recipe for disaster.

According to a Met Life study, elder financial abuse racked up a $2.9 billion cost. The study also says that cost is increasing.

First, Medicaid and Medicare scams have the highest average loss per consumer -- $38,000. So, make sure you're not being doubled billed. And be sure that no one else is using your patient number and billing to you.

Second, there is medication fraud.  If you're paying for a brand name prescription, make sure you're not getting the generic brand.

Third, general financial exploitation can take many forms. The elderly get lonely, and this is where a good con man steps in. The con man befriends them, and then takes over their accounts, or maybe a will. He may convince an elderly person into paying much more for a service than they need to be paying.

So, what can you do?

If you're not around, make sure your elderly parents or relatives have someone around they can trust. Always double check their finances to make sure money is being spent the way it is supposed be.

For a links on the issue, and more tips, visit Dana Fowle's FOX 5 Facebook page.

  • I-Team Story ArchiveMore>>

  • GA Lottery targets shadow winners

    GA Lottery targets shadow winners

    Sunday, September 14 2014 5:30 PM EDT2014-09-14 21:30:57 GMT
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
  • Graphic video of Forsyth Co. Courthouse shootout

    Graphic video of Forsyth Co. Courthouse shootout

    Thursday, September 11 2014 4:43 PM EDT2014-09-11 20:43:06 GMT
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse.
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse in June.
  • Is that sale really a sale?

    Is that sale really a sale?

    Wednesday, September 10 2014 8:18 AM EDT2014-09-10 12:18:46 GMT
    Many of us pride ourselves on our ability to buy things only on sale so that we can save money, but careful you might be fooling yourself. Take this observation from Kit Yarrow an expert in marketing and psychology:
    Many of us pride ourselves on our ability to buy things only on sale so that we can save money, but careful you might be fooling yourself. Take this observation from Kit Yarrow an expert in marketing and psychology:
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Get educated with online classes

    Get educated with online classes

    Friday, September 12 2014 11:17 AM EDT2014-09-12 15:17:09 GMT
    Ever wanted to take classes but thought you didn't have the time or or you couldn't afford it? Well with more and more online options out there, you do and you can. And many of them are free.
    Ever wanted to take classes but thought you didn't have the time or or you couldn't afford it? Well with more and more online options out there, you do and you can. And many of them are free.
  • Celebrate Oktoberfest in Helen GA

    Celebrate Oktoberfest in Helen GA

    Friday, September 12 2014 10:18 AM EDT2014-09-12 14:18:31 GMT
    It's the annual celebration of beer, brats, and bands.  And, everything else having to do with German culture, of course!
    It's the annual celebration of beer, brats, and bands. And, everything else having to do with German culture, of course! The 44th Annual Oktoberfest launches with a parade Saturday, and continues at Helen Festhalle for the next several weeks.
  • Pike Nurseries: Fall table decor

    Pike Nurseries: Fall table decor

    Friday, September 12 2014 9:29 AM EDT2014-09-12 13:29:31 GMT
    Here are some easy (and elegant!) ways to use fall flowers, vegetables, herbs and accessories to create a look for the table that easily transitions for the upcoming Halloween and even Thanksgiving holidays!
    Here are some easy (and elegant!) ways to use fall flowers, vegetables, herbs and accessories to create a look for the table that easily transitions for the upcoming Halloween and even Thanksgiving holidays!
Powered by WorldNow
Untitled

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices