Ways for Seniors to Avert Insurance Scams

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Tips for Seniors to Avert Insurance Scams in Columbus, OH

Most seniors appreciate the importance of health insurance and life insurance, and some unethical people take advantage of this interest. An increasingly popular method of scamming seniors is to sell them fake or exploitative insurance policies. Use these tips to ensure your senior loved one doesn’t end up being scammed by fake insurance brokers. 

Only Buy Insurance from Reputable Companies

The main type of insurance scam involves someone from a fake company who talks seniors into giving them payments, but the company never delivers on the benefits. One of the best ways to prevent this is to go with a company that has existed for a while and is positively reviewed by other people. You can check with the National Association of Insurance Commissioners to make sure the company is reputable, and a quick search of the company on the Internet can reveal informative reviews by current and previous customers.

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 elder care. Trust Home Care Assistance to help your elderly loved one age in place safely and comfortably.

Get a Second Opinion 

Another common scam involves a broker selling a senior a reasonable policy and then constantly pressuring him or her to add more expensive coverage. If the agent tries to change your loved one’s existing policy, do your research before agreeing to the change. Talk to trusted experts and ask if they would recommend changing or upgrading the coverage. 

Thoroughly Read Any Policy 

Even if the agency is reputable, it may try to sell your loved one an expensive policy that doesn’t actually provide the assistance he or she needs. Don’t just take an agent’s word that a policy will cover all your loved one’s requirements. Look over everything yourself, and don’t be afraid to ask for assistance from a legal expert if you need help understanding the complicated terms and conditions. 

Talk to Both the Company & the Broker

One particularly convincing scam involves a fake broker who pretends to work at a reputable insurance company. Only communicating with a single broker and never hearing anything from the insurance company itself is a red flag. It’s wise to make at least one call to the insurance company and confirm they’re actually receiving the payments.

Be Aware of Aggressive Tactics

Insurance agents often try to pressure seniors into buying expensive and unnecessary policies by playing on their fears. If the agent keeps suggesting your loved one may end up without healthcare or become a burden on the family, be cautious. These coercive and manipulative tactics are often a sign of something unethical.

Seniors with dementia are especially vulnerable to aggressive tactics used by scammers who target aging adults. Dementia can be challenging for seniors to manage, but they can maintain a higher quality of life with the help of professional dementia care. Columbus seniors can benefit greatly from the Cognitive Therapeutics Method (CTM), an activities-based program designed to promote cognitive health and delay the onset of dementia. CTM is included at no additional charge with any of the in-home care plans provided by Home Care Assistance.

Shop around Before Making Decisions

It’s very important to do research before buying insurance. Check with both smaller local businesses and larger national firms to get a good idea of what a reasonable insurance policy ought to include. Remember, if a company seems too good to be true, it probably is.

Preventing insurance scams is just one way you can help your loved one. Not every senior has the same care needs, which means they don’t all need the same type of senior care. Columbus families can rely on Home Care Assistance to provide individualized care plans to meet their elderly loved ones’ unique care needs. Our holistic Balanced Care Method was designed to help seniors focus on healthy lifestyle habits such as eating nutritious foods, exercising regularly, and maintaining strong social ties, and our Cognitive Therapeutics Method offers mentally stimulating activities that can stave off cognitive decline and delay the onset of dementia. Home Care Assistance can be your trusted partner when your loved one needs help with the challenges of aging. Call us today at (614) 481-8888 to learn about our high-quality in-home care services.


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