A Senior Fraud Protection Kit can help family caregivers protect seniors by informing them of the latest scams being perpetrated on older adults and offering a variety of resources and tools to help their seniors avoid becoming a victim of these scams.
Rising incidents of scams targeting older adults present an enormous threat to seniors' security, both financially and emotionally. Three crimes, in particular, are identity theft, Medicaid/Medicare and medication fraud, and financial exploitation.
Growing fraud against seniors threatens both financial and emotional security. Seniors who have been defrauded may suffer long-lasting trauma that often erodes their sense of trust and well-being, senior care experts have noted.
It seems as though scammers are targeting older adults wherever they can – often creating elaborate mail, email and Internet, and telephone strategies. That's why it's important for seniors to know how to spot a potential scam.
The 2011 AARP Foundation National Fraud Victim Study revealed that only 25 percent of people older than 50 in the U.S. reported to an authority that they had fallen for a scam. According to Statistics Canada, about seven in 10 crimes against older Canadians are never reported to police because victims did not believe the incident was important enough to seek help or because they dealt with the issue personally.
Scammed: It’s the word no family caregiver wants to hear when it comes to a senior loved one.
The growing incidence of senior fraud is putting many older adults in harm’s way, threatening to strip them of their assets, their independence and their trust.
That’s why the Home Instead Senior Care® network, along with North American security experts, have launched the Protect Seniors from Fraud℠ public education program to help protect older adults from increasingly clever con schemes. Learn more about the many ways older adults are being scammed from this timely public education program.