4 Ways Seniors Can Prevent Insurance Scams

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4 Ways Aging Adults Can Avoid Insurance Scams

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Many scammers target seniors due to cognitive issues that could impair their judgment. Due to limited social interactions, seniors can become lonely, which makes them too trusting.

Apart from being susceptible to insurance scams, seniors can face a variety of challenges as they age, many of which can be mitigated with the help of professional in-home caregivers who provide high-quality home care. Scottsdale families trust in Home Care Assistance to help their elderly loved ones age in place safely and comfortably. Here are a few tips to prevent your senior loved one from falling prey to insurance scams. 

1. Determine If the Coverage Is Necessary

Some scams are actual policies at a higher price. The agents want to get your senior loved one to drop his or her current plan and switch to one that is more expensive because they will receive higher commission. Many scammers will make promises that are unrealistic in terms of what the policy covers and what is excluded. This is why your senior loved one needs to know what type of coverage he or she needs and what can be let go. A detailed proposal can show if your loved one is buying too much coverage. 

2. Investigate the Insurance Provider

All insurance companies should give current and potential policyholders access to their business information such as testimonies, reviews, and agent credentials. Explain to your loved one the importance of doing some research before buying a new insurance policy. Teach him or her how to read reviews online and search for licenses through state insurance departments. When it comes to the insurance agent, tell your loved one that if the agent was fired from another insurance institution, this is a red flag. Your senior loved one should understand the importance of investigating the policy, the insurance company, and the agent prior to making a commitment. 

3. Review the Documents

Scammers will try to give your senior loved one a blank or manually filled document to sign. These types of documents are signs that he or she is being scammed. Always stress to your loved one the importance of reviewing all documents. Encourage your senior loved one to ask for copies of everything the agent wants him or her to sign, as well of copies of the documents detailing the benefits of the policy and the premium amounts. When it pertains to signing documents online, your senior loved one should never do so without you or another family caregiver present.

Caring for a senior loved one can be rewarding, but it can also be overwhelming for family caregivers who have other responsibilities they need to focus on. For these families, the perfect solution is respite care. Scottsdale families rely on our caregivers whenever they need time to rest, work, run errands, and even go on vacation.

4. Get a Second Opinion 

Your senior loved one should not sign anything without getting another opinion. As a family caregiver, it is important that you also get a second opinion before signing a policy for your senior loved one. This applies to current policies as well. To make sure your loved one isn’t being scammed, you can contact a reputable insurance company, another agent, or a trusted friend who can go over the policy. Ask these individuals if they would recommend upgrading the policy, letting it go, or moving on to another provider.

Every senior has different needs when aging in place. Some simply need occasional assistance with household chores, while others may be managing a serious illness and require more extensive 24-hour care. Scottsdale seniors can count on Home Care Assistance to provide the in-home care they need and deserve. If your loved one is need of assistance with daily activities, call us at 480.448.6215 today.