Study: Seniors big target for scammers - Atlanta News, Weather, Traffic, and Sports | FOX 5

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 Archive

  • FOX 5 I-Team investigates

    Thursday, May 23 2013 12:56 AM EDT2013-05-23 04:56:30 GMT
    The FOX 5 I-Team has learned that Douglas County District Attorney David McDade is personally asking the GBI to investigate how money is spent in his office.
    The FOX 5 I-Team has learned that Douglas County District Attorney David McDade is personally asking the GBI to investigate how money is spent in his office.
  • FOX 5 I-Team investigates

    Wednesday, May 22 2013 10:42 PM EDT2013-05-23 02:42:27 GMT
    What do major hotel chains, the IRS, and the business partner of a top rapper have in common? Court records show the National Conference of Black Mayors owes all of them money. Big money.
    What do major hotel chains, the IRS, and the business partner of a top rapper have in common? Court records show the National Conference of Black Mayors owes all of them money. Big money.
  • Wednesday, May 22 2013 9:56 AM EDT2013-05-22 13:56:24 GMT
    Americans are known for their pearly whites, but we pay for it—and it isn't cheap. 
    Americans are known for their pearly whites, but we pay for it—and it isn't cheap.  If you have more than one child who needs braces, you have quite an expense on your hands—but FOX 5 I-Team reporter Dana Fowle found some ways to make it a little more manageable.

Contact the FOX 5 I-Team

* denotes required fields

Log InNot you? Log out
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 Archive

  • Thursday, May 23 2013 7:32 AM EDT2013-05-23 11:32:32 GMT
    As we celebrate Memorial Day weekend, we'll pause to remember the men and women who died while serving in the U.S. Armed Forces. 
    As we celebrate Memorial Day weekend, we'll pause to remember the men and women who died while serving in the U.S. Armed Forces.  It's also a great time to thank veterans for their service to our country—veterans just like World War II American hero Lew Fern.
  • Thursday, May 23 2013 7:31 AM EDT2013-05-23 11:31:33 GMT
    You've probably been to a yard sale or two in your life, and you might have found some great deals.  But would you know how to get the most out of your own yard sale? 
    You've probably been to a yard sale or two in your life, and you might have found some great deals.  But would you know how to get the most out of your own yard sale?  Good Day's Tacoma Perry talked to an expert who shared some great tips for how to make your yard sale a huge hit.
  • Thursday, May 23 2013 7:27 AM EDT2013-05-23 11:27:37 GMT
    Summer in Georgia means mosquitoes—and lots of them.  Even if you're just stepping outdoors for a few minutes, you need to protect yourself.  But how do you pick the right bug repellent? 
    Summer in Georgia means mosquitoes—and lots of them.  Even if you're just stepping outdoors for a few minutes, you need to protect yourself.  But how do you pick the right bug repellent? 
Powered by WorldNow

1551 Briarcliff Rd., NE
Atlanta, GA 30306

Main Number: (404) 875-5555
News Tips: (404) 898-0100

Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices