It is a sad fact that seniors must be ever-vigilant to the threat of being scammed by unscrupulous individuals. These individuals may be insurance agents or brokers, financial planners, or attorneys. They may be posing as any one of the above professionals. The following information is designed to help you identify scammers and to protect yourself and your assets.

If you have been a victim of a scam, you can file a complaint with the Department of Insurance.

General Information about Deceptive Practices:

• NAIC Consumer Alert -  Protect Yourself: Avoid Deceptive Sales Practices  

Annuity Scam Alerts:

• Attorney General Bill Lockyer and Insurance Commissioner John Garamendi filed a $110 million-plus lawsuit against a living trust mill that tricked senior citizens into using their retirement investments to buy annuities. Read more: Attorney General Lockyer Files $110 Million-Plus Lawsuit To Stop Investment Scam That Targets Elderly Living Trust Mill Tricked Seniors Into Using Retirement Assets To Buy Annuities. 
• NAIC Consumer Alert - Annuities and Senior Citizens: Senior Citizens Should Be Aware of Deceptive Sales Practices When Purchasing Annuities (English or Spanish)

Long-Term Care (LTC) Insurance Alert:

• NAIC Consumer Alert - Long-Term Care Insurance: What you should know

Medicare Part D Alerts:

• NAIC Consumer Alert - Medicare Recipients: Beware of Scam Artists Selling Medicare Prescription Drug Coverage (English or Spanish)
• Centers for Medicare & Medicaid Services (CMS) - Medicare Beneficiaries Urged To Be On The Look-Out For Phone Scams 
• Centers for Medicare & Medicaid Services (CMS) - National Medicare Fraud Alert - Medicare Part D Prescription Drug Plan $299 Scam

Medicare Fraud

• U.S. Administration on Aging - Consumer Protection Tips

Social Security Fraud Alert:

• Public Warned About E-Mail Scam

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