Are there plans to use some other form of identification on the card? Check out this Q&A to find out if better security changes are on the horizon for the 50-million senior citizens who carry their Medicare cards in their wallets.
After all, this type of identification makes seniors highly vulnerable to identity theft.
As the article explains, “Medicare tells seniors to always have their cards even though it prominently displays their SSN. As a result, if their purse or billfold is lost or stolen, that critical piece of personal identification can help criminals open new credit cards or draw on existing bank accounts in a flash.”
Indeed, Medicare identity fraud is on the rise.
It costs approximately $20,000 to resolve a case of medical identity fraud, and this crime is happening more and more to senior citizens. This news article and special video report remind seniors to safeguard their Social Security numbers at all times, but if they do have their medical identity stolen, it’s important to check their credit reports and medical records for fraud, then file a police report.
In addition, it’s recommended to send the police report to their health insurance company or Medicare, in addition to the three credit bureaus.