Financial scams targeting seniors are unfortunately common, as scammers often view older adults as vulnerable and more trusting. Here are the top five financial scams that frequently target seniors:   Medicare/Health Insurance Scams How It Works: Scammers, posing as Medicare representatives, call seniors and ask for their personal information, such as Medicare ID numbers, under the pretense of updating records or offering new benefits. Impact: Fraudsters use this information to make false claims and steal money from the Medicare system, leaving seniors with false medical bills and compromised identities.   Telemarketing Scams How It Works: Seniors receive unsolicited phone calls from scammers offering fake prizes, products, or investments. These scammers often pressure the senior to make immediate decisions, requiring upfront payments or credit card information. [...]