Richard Wu, Medicare Insurance Broker
Richard Wu
RCW Insurance Brokers, LLC
Medicare Broker Licensed in MO, AR, AZ, CA, CO, FL, GA, KS, MI, MS, NC, NV, OH, OK, OR, RI, TN, TX, VA, WA and WI
19+ Years of Experience
Contact Details
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Location
Nixa, MO
Richard Can Help With:
About Me
Richard Wu and his family moved to Southwest Missouri in 2006 and have called Nixa home since 2013.
For more than 18 years, Richard has proudly served the community as a licensed life and health insurance broker. As an independent insurance broker contracted with multiple insurance companies, he is able to offer clients a wide range of coverage options while providing objective guidance based on their individual needs and goals.
Richard is committed to building lasting relationships through honesty, integrity, and exceptional service. His mission is to help every client find the insurance plan that best fits their needs, budget, and future goals.
"I believe in honesty, integrity, and service for all of my clients, and I will always do my best to help them find the right plan to meet their needs."
Q&A with Richard Wu
Do Medicare Advantage plans include dental coverage?
Answer: Medicare Advantage Plans can and often do offer various levels of dental coverage. Some offer preventative only while others offer both preventative as well as comprehensive coverage. Most do not require any waiting periods. They generally begin when your Medicare Advantage Plan begins. Check each Medicare Advantage plan that you are interested in to see coverage and limitations.
I'm still working at 67, and I don't know if I need Part B. Why is something so basic so hard to figure out?
Answer: If you have creditable employer group coverage then it is usually not necessary to take Part B at this time. If you're not sure if your coverage is creditable you can ask your benefits director at your employer or call the insurance company directly to inquire. When you decide to retire or go to Medicare for your coverage, you will want to contact Social Security approximately 60 days from when your group coverage is scheduled to end and apply for your Part B. You will need Part B in order to obtain other coverage to go with your Medicare (i.e. a Medicare Supplement or Medicare Advantage Plan).
How do I switch back to Original Medicare from a Medicare Advantage plan, and will I face any penalties or coverage gaps?
Answer: You can contact your Medicare Advantage Plan to disenroll and this will take you back to Original Medicare Only. However, I suggest waiting until the Annual Enrollment Period which runs from Oct. 15th to Dec. 7th. The reason for this is that most people need prescription drug coverage (Part D). In most cases if you disenroll from your Medicare Advantage Plan outside of the annual enrollment period, it's unlikely that you will be able to enroll in a prescription drug plan until the annual enrollment mentioned above and then the Part D plan will not begin until January 1st. Also, you well then incur a monthly penalty for going more than 63 days without prescription coverage. If you wait until the Annual Enrollment Period, applying for a Stand Alone Part D Prescription Drug Plan will automatically disenroll you from your Medicare Advantage Plan taking you back to Original Medicare. This would go into effect for January 1st start date.
If I qualify for both Medicare and Medicaid, how does that eligibility work together?
Answer: If a person qualifies for both Medicare and Medicaid, they are considered "dual eligible", meaning Medicare pays first as your primary health insurance, while Medicaid acts as your secondary insurance to help cover leftover costs. You can also choose a Medicare Advantage Plan to pair with Medicare and Medicaid these are called Dual Eligible Special Needs Plans (D-SNP).