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Saturday, May 19, 2018

New Brokerage Account Safeguards Aim to Protect Seniors From Financial Scams


New rules have been put in place to protect seniors with brokerage accounts from financial scams that could drain the accounts before anyone notices.

As the population ages, elder financial abuse is a mounting problem. Vulnerable seniors can become victims of scammers who convince them to empty their investment accounts. According to the Read more . . .


Monday, April 2, 2018

New Medicare Cards


Be on the Lookout for New Medicare Cards (and New Card-Related Scams)

 

The federal government is issuing new Medicare cards to all Medicare beneficiaries. To prevent fraud and fight identity theft, the new cards will no longer have beneficiaries' Social Security numbers on them.

The Centers for Medicare and Medicaid Services (CMS) is replacing each beneficiary's Social Security number with a unique identification number, called a Medicare Beneficiary Identifier (MBI). Each MBI will consist of a combination of 11 randomly generated numbers and upper case letters.


Read more . . .




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