Scammers are exploiting the Affordable Care Act (ACA) as a way to fool Americans into sharing their personal information. Many key provisions of the ACA go into effect on October 1st, so don't let confusion around the new law cause you to fall for a scam.
How the Scam Works:
You receive a call from someone claiming to be from the federal government. The caller informs you that you've been selected to receive insurance cards through the new Affordable Care Act ("Obamacare"). However, before he/she can mail your card, the caller needs to collect personal information.
Scammers do a lot to make their requests seem credible. For example, they may have your bank's routing number and ask you to provide your account number. Or, they may ask for your credit card or Social Security number, Medicare ID, or other personal information.
Sharing personal information with a scammer puts you at risk for identity theft. Scammers can use the information they obtain to open credit cards in your name or steal from your bank account.
How to Spot a Scam and Protect Yourself:
Con artists are taking advantage of the confusion and buzz surrounding the Affordable Care Act implementation. Here's what you can do to protect yourself:
Who is Being Targeted?
Anyone can be the victim of this scam, but some groups are more likely to be targeted than others. The new law has special provisions for the following groups:
For More Information
More information on the ACA is available from the federal government's Health Insurance Marketplace.
To find out more about scams, check out the BBB Scam Stopper.