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The federal government has started a new Medicare Prescription Drug coverage benefit for Medicare beneficiaries. Private insurance companies, whose plans have been approved by Medicare, are selling these new Medicare Prescription Drug Plans (also called PDPs). Enrollment for the program, which began on January 1st, is underway. Insurance agents are selling this product to Medicare beneficiaries. There are millions of people on Medicare eligible for the program and there is a lot of sales activity going on between now and May 15 (the end of the open enrollment period). We are concerned that scam artists will try to take advantage of the situation and try to steal your money.
Here are some tips to avoid becoming the victim of a scam artist:
To avoid being a victim, verify before you buy.
* If you sign-up for a plan through the Medicare.gov website, you will need to provide your Medicare number.