Beware of a New Wave of Medicare Scammer


Medicare’s new ID cards — meant to curb ID theft by replacing the Social Security number with a randomly generated 11-digit code — have prompted a new wave of scammers. In this latest attempt at medical identity theft, a caller posing as a Medicare representative will ask for payment in exchange for the new card. The cards, which will be sent automatically sometime between April 2018 and April 2019, are free and require no extra steps. The same goes for someone asking if the beneficiary wants to purchase Medicare’s prescription drug coverage, known as Part D. In this case, a scammer may try to persuade the person buy Part D or lose your Medicare coverage. Another common ruse is that the beneficiary is owed a refund from her insurance company and the caller needs her bank account number and Social Security number to deposit it.

Source/more: CNBC