Bensman Risk Management, Inc.

Insurable Interests

Bensman Risk Management, Inc.
2333 Waukegan Road Suite 275
Bannockburn, IL 60015
847-572-0800 Phone
847-572-0502 Fax

Insurable Interests may offer general financial, insurance, tax and business ideas. However, due to the ever-changing tax laws as well as the complexity of the financial industry, you should seek professional advice before implementing any of the ideas contained in this newsletter. The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C. assumes no liability whatsoever in connection with the use of this newsletter.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS). Kestra IS and Kestra AS are not affiliated with The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C.

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Insurable Interests

Vol. 15, Issue 1September 2019


Beware of Genetic Testing Medicare Scam

Medicare has issued a warning about a scam involving genetic testing. Scammers tell you that Medicare will pay for genetic testing, and ask for your Medicare number and other information in order to conduct or order the tests for you. They are contacting people through telemarketing, wellness fairs and door-to-door solicitations.

However, Medicare does not pay for genetic testing that has not been ordered by your doctor as medically necessary. If you accept this "free" offer, you could end up paying thousands of dollars because Medicare rejects the claim. In addition, the scammers will have your personal information, which they can use for a variety of fraudulent purposes. So if you are offered a "free" test, refuse. If a test kit you did not request is delivered to you, don't accept delivery or return it to sender.

In general, it is important to be alert to the possibility of fraud. Things that seem too good to be true often are. And never give out personal information, including your Medicare number, unless you are certain the person to whom you are giving it is legitimate. For more information or to report suspected fraud, call 1-800-MEDICARE.

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