Medicare fraud: Check your EOBs
Dear editor, Recently I received an Explanation of Benefits from CHAMPVA, which provides my Medicare gap policy. On it I found
I couldn't tell where the company was located or what the medical device billed for was, but it looked to be for urinary catheters. I called Medicare, and the agent told me that the charges were fraudulent and that Medicare had been experiencing a high number of fraudulent claims during the open enrollment period, many of them for urinary catheters. Please note that neither CHAMPVA nor Medicare paid any part of these charges.
In an article of
This year, both CNBC and
It appears that not just individual, but also company identities can be stolen for the purposes of fraud. The list of victims in these crimes includes anyone who pays or has paid federal taxes, companies whose names have been usurped for criminal purposes and the government itself. One convicted fraudster attributes his and other criminals' success to the lack of adequate agents to address these crimes.
For now, what can we as individuals do to reduce such fraud? We can read our EOBs carefully and call our insurance providers to report any charges that we can't account for. We also need to support those public officials who are willing to support programs like Medicare with adequate funding for agents to investigate and prosecute wrongdoing. To report Medicare fraud call 1-800-447-8477. (s) Sharon Bookwalter Silver City


Is it worth buying travel insurance for flight cancellations?
Insurers pay 90% of Otis indemnity claims
Advisor News
- A rising retirement challenge: The license to spend
- Financial stress leaves less room for retirement saving
- Giving while you’re living: 3 frequently asked questions about gifting
- Helping clients prepare for one of their biggest retirement expenses
- Important year-end financial conversations every advisor must have
More Advisor NewsAnnuity News
- A rising retirement challenge: The license to spend
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
More Annuity NewsHealth/Employee Benefits News
Life Insurance News