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Elderly Financial Abuse

 

Elderly Financial Abuse is one the most rapid 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?

  • 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 with 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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Grinnell State Bank