Scams that target the elderly are becoming more and more common as the population gets older. This isn’t exactly news, but when your parents are the victims and the scams take place in a retirement home, it puts a whole new spin on it.
A retirement home is supposed to be a safe haven for elderly people. They should feel relaxed and safe from the world of scam artists. If you want to keep your parents safe from scams in retirement homes or anywhere else, get right in there and take a proactive approach.
Help with the Research
Helping your parent’s research retirement homes is one of the first steps to ensuring they are protected. There may be one down the street or one your Uncle Jimmy was in once upon a time that you’re considering, but due diligence is a must.
There are an increasing amount of stories of nursing homes and retirement homes sending residents to hospitals for unnecessary treatments because they get money for doing so. These are mainly reports from the US, but it’s always a good idea to be thorough.
Look into the retirement homes’ history and record, read online reviews and if possible, speak to some of the residents. A retirement home with shifty practices is often able to get away with a lot, because most people who go in stay there for the remainder of their lives. It’s not like businesses where you can speak to former customers, because there are likely either none, or very few.
Make a Detailed Plan
If you’re trying to protect your parents from scams, create a detailed plan that includes the type of care they want and the care they don’t want. Don’t be afraid to speak with the staff and communicate with them regularly. Make the plan before you start looking for a retirement home and then revise it as needed.
Don’t Say Yes to Anything
The likelihood of any kind of scam being perpetrated while you are around is virtually non-existent, so it’s crucial to get your parents on board with saying no to everything, until you are consulted. This is relevant whether they are in a retirement home or still living in their own home.
Tell them that they are not to agree to anything regarding money until the person speaks to you. Many scam artists will just wrap it up and move on when they learn the children are speaking for elderly people. Another major factor is paperwork. Tell your parents to always ask for paper information on any future or ongoing monetary transactions, as you’ll have a record tied to the person intriguing your parents with any ‘great offers.’
It’s a sad fact, but your parents have to be fully educated on the fact that they’re the now among the biggest demographic for being scammed. Have them always think twice about transactions, and to never invest in anything until it has been fully discussed with you.