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Friday, Sep 4 2015

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Be On Guard Against Medicare Schemes

With an uptick in Medicare fraud, The Los Angeles Times offers tips to seniors for avoiding becoming a victim, while Reuters reports on how health care costs should factor into your retirement planning.

Medicare fraud in all its forms is rampant. Though exact numbers aren't known, the government estimates that $60 billion to $90 billion is lost each year to Medicare fraud and abuse. In California, as many as 20% of fraud allegations investigated each year by the Senior Medicare Patrol involve durable medical equipment. Experts offer these tips to avoid becoming a victim of Medicare fraud. (Zamosky, 9/4)

Half of all retirees leave the workforce earlier than planned due to a health problem or job loss. The index does not measure the risk of early retirement due to job loss or other factors, such as the need to care for a family member. Instead, it looks at cognitive, psychomotor, physical and sensory abilities required to do various jobs. The key finding: highly educated professionals can be as susceptible to early retirement risk as a steelworker or truck driver. (Miller, 9/3)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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