Beware of Medicare Scams During Open Enrollment

Medicare's open enrollment runs from Oct. 15 through Dec. 7 annually, and it's a great chance for seniors to change their health benefits and, ideally, save themselves some money in the process. But there's a downside to open enrollment, and it's that scammers tend to use it as an opportunity to steal from otherwise unsuspecting seniors.

This year, unfortunately, is no exception. But if you're careful, you can avoid falling victim to a Medicare scam.

Seniors tend to be particularly susceptible to financial scams, so it's crucial to be vigilant and understand the anatomy of a scam. In a nutshell, Medicare scams generally involve a random person reaching out to you by phone or email and demanding pieces of personal information to either help you capitalize on a so-called great offer or prevent you from losing your benefits.

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Source Fool.com