David Manganello

Federal health coverage fraud costs American taxpayers $60B-$100B each year, but knowing common tactics can make suspicious calls easier to spot early.
Common attempts seek your coverage ID, personal details, or financial information, then bill for services never received or open fake accounts later.
Red flags include urgent calls, phishing texts, free equipment offers, genetic testing pitches, and claims that a new card is required now.
In the moment, disengage: hang up, avoid buttons, skip links, delete messages, and verify any home visit with a trusted source first.
Protection starts with checking statements, keeping numbers private, using official sources, talking with trusted people, and reporting suspicious activity to official hotlines.

US Federal Coverage Scams: Stay Protected

Annuities are not one-size-fits-all; different contracts can serve principal protection, income planning, market participation, or lifetime income goals, depending on investor needs and timing.
MYGAs generally fit conservative investors seeking guaranteed principal, steady interest, and a safe portfolio sleeve, though principal withdrawals can be restricted before term-end.
Variable annuity values move with selected funds after fees, while RILAs protect most principal and link interest to market-index formulas that can be complicated.
FIAs generally offer full principal protection and sometimes minimum returns, while SPIAs and DIAs focus on guaranteed income for retirees or near-retirees.
Before buying, compare contract type, fees, formulas, withdrawal limits, guarantees, and income options so the annuity fits specific retirement goals and cash-flow needs.