Healthcare fraud is more common than you realize. In fiscal year 2019 alone, the federal government recovered $2.6 billion in healthcare fraud and false claims. Keep in mind that number only reflects the cases that were actually caught. Odds are there was more loss that went undetected.
Senior citizens are subjected to Medicare scams all the time. Someone could defraud Medicare with your information or use your information to get treatment for themselves.
If you have a Medicare Advantage plan that has an annual cap on services, that could mean you are forced to pay more out of pocket. Medical supplies or medications they get using your Medicare ID could be sold for profit.
Scammers could even sell your personal information on the dark web and try to access your financial records. It is important to recognize these scams when they happen and to report them to prevent this kind of abuse.