Reporting Senior Scams Trumps Privacy Laws

Hoping to curb an epidemic of financial abuse against seniors, federal regulators are telling banks and other money managers that they can – and should – report questionable transactions without fear of violating privacy laws. Working with seven other agencies, the Consumer Financial Protection Bureau has issued new “guidance” to  financial institutions. It assures them that telling authorities about signs that older customers are falling victim to scams and fraud doesn’t violate federal restrictions on sharing personal information – a long-time concern …

Chained CPI Petitions Delivered to Capitol Hill: 1.5 Million Say No

Fifteen cardboard boxes. Ten thousand pages. And about 1.5 million people who want to be heard signed their names on one or more petitions, for a total of 2.3 million signatures. A group of AARP volunteers – known as the Capitol Hill Strike Force – descended on the U.S. Capitol this morning to deliver their messages to the House Ways and Means Committee. “As members of Congress consider proposals to reform these vital retirement security programs, it’s critical that they …

8 Rich Resources for Needy Animal Owners

There’s a lot of attention on taking care of older adults, but what happens when the elderly need help caring for others – in this case, their pets? The owners might be ill or have mobility issues and can’t walk their dog, for instance. Or, their fixed income and rising daily living costs make feeding Rover or Kitty an expense they can no longer cover. Annual expenses (i.e. vet visits, food and supplements, boarding, toys) for dogs and cats are …

Medicaid’s Costly ‘Revolving Door’

When Medicaid becomes a revolving door, it ends up both harming patients and increasing costs, a study by two George Washington University researchers finds. “Even short gaps in coverage can lead to delay or avoidance of needed care,” says Leighton Ku, the director of the Center for Health Policy Research at George Washington University’s School of Public Health and Health Services. “This can result in significant increases in hospitalizations for chronic diseases like diabetes, asthma and mental disorders. These costly …

Foreign Lottery Scams Target Older Americans

The following is a guest post by Beau Ballinger, sr. program specialist for AARP ElderWatch in Colorado Recently I learned the story of an Idaho man who was visiting his 81-year-old widowed mother when he noticed large amounts of cash being withdrawn from her bank account, totaling $26,000. His mother admitted that she had been sending money to Jamaica. She’d been told she had won a $2 million lottery, and all she had to do to collect the prize was …

Kids in Assisted Living: Everyone Wins

There’s a children’s book series that has come out in the last year about a young girl named Carlyn and her visits to her grandmother in assisted living. It debunks the stereotypes about old people and long-term care. Here’s one line from Carlyn Meets Granny Girl’s New Friends: “Wow, this does not look like a place creepy people live, and I do not smell anything weird, either!” Carlyn said. There’s an even more interesting story behind the book. It’s written by …