Seniors Need to be Alert to Scammers

The Federal Trade Commission reported in 2023, adults in the U.S. lost a record $10 billion to fraud. They want us to remember scammers are skilled and persuasive, and use tactics designed to catch us off guard. 

A common scam is to phone older adults and pretend to be from organizations like the IRS, Social Security Administration or Medicare. During the call, they ask for personal information, and if the person is reluctant to give it, they threaten to cut off benefits. Once they have your information, they use it to commit identity theft.

Be wary of calls from someone who claims you have won a lottery or prize and the only hitch is you need to send money or gift cards to cover taxes and processing fees. Also don’t be taken in by a popular scam claiming your computer is compromised and you need to pay them to fix it. Especially targeted at seniors is a caller pretending to be a grandchild or relative (or their friend) pleading for money to be wired to get out of jail or other types of trouble.   

To protect yourself, change your passwords often and make sure they are complicated. Use two-step verifications when you have the option. Be careful of giving out any information over the phone, in emails or through texts. Avoid transferring money or purchasing gift cards over the phone. Experts say once you complete such a transaction, the money is typically unrecoverable. Finally if you are targeted by a scam, notify your local police department or reach out to the National Elder Fraud Hotline.  

At the MorningStar of Parker senior living community, we offer premium independent living and assisted living that allows residents to safely and comfortably age in place. Our community has an array of luxury amenities; wellness programs and activities; and tasty, delicious meals served restaurant-style. Residents enjoy the security of predictable budgeting and built-in companionship. 

For those suffering from Alzheimer’s and other dementia-related diseases, our distinct Reflections Neighborhood offers all-inclusive memory care that is both compassionate and experienced. Contact us to learn more about our community and how we can enhance your quality of life. Also ask about our special offer for “One Month Free” for new assisted living and memory care residents.