Thrivent Financial Insurance Medicare Supplement Review (2020)

It is hard to decide on a Medigap provider because there are so many private insurance companies offering Medicare Supplements.

But, we have put together a top 10 list of the best Medicare Supplement Providers of 2020 to make the decision easier and Thrivent Financial Insurance is right at the top of that list. 

Thrivent Financial Insurance has a long history in America and we will explore why they are on our top 10 list of Medicare gap providers. 

Inside you will find the history of Thrivent Insurance, the medigap plans that they offer, learn how to get a quote, and find out which plans are available in 2020.

Thrivent Financial Insurance Medicare Supplement Review 2019

Note: Plans and pricing vary by state.  We recommend you get started with a free Medicare supplement quote by state.

Who Is Thrivent Financial Insurance Company?  

Thrivent Financial has a much different story from any of the other 2020 top 10 Medicare Supplement providers.

The organization started in 1902 with the purpose of providing aid to a group of Lutheran worshipers in Minnesota. 

Over the years, the group grew along with the Lutheran Brotherhood into an international charity and aid organization for Lutherans. 

In 2014, the organization voted to include all Christians, not just Lutherans and shortened the name from Thrivent Financial for Lutherans to Thrivent Financial. 

Thrivent Financial is a non-profit organization that is member-owned which is open to all people willing to agree to the following member commitment. 

thrivent financial insurance review 2019_member_commitment

Headquartered in Minneapolis Minnesota they offer a wide range of products to their members, including: 

  • Financial Services
  • Life Insurance
  • Disability Insurance
  • Long Term Care Insurance
  • Medicare Supplement Insurance
  • Members Only Credit Union

Thrivent Financial Insurance Rating (BBB & AM Best)

thrivent logo

Thrivent Medigap Plans

Thrivent started in 1902 as the Aid Association For Lutherans (AAL).

It is now a not-for-profit business on the Fortune 500 list. 

In 2013, their members voted overwhelmingly to extend the common bond of membership beyond Lutherans, to include all Christians.

Not surprisingly, Thrivent Financial has a A+ Better Business Bureau rating that requires members to provide a higher standard of service. 

Product Features

  • covers some costs that Original Medicare doesn’t.
  • See any doctor who accepts Medicare.
  • No referrals needed to see a specialist.
  • Coverage that goes with you anywhere in the U.S.
  • Guaranteed coverage for life; Just pay your premiums

Plans Offered By Thrivent

Plan A, Plan B Plan C, Plan D,

Plan F, Plan G, Plan L Plan M

Senior Benefit Services Thinks

Thrivent has an A++ (Superior) rating with A.M. Best for financial strength and claims-paying ability.

You might not have ever heard of Thrivent, but don't let that dissuade you, they are a great company to do business with.

Review Of Thrivent Financial Insurance Medicare Supplement Plans 

There are multiple factors that need to be considered when choosing a Medigap plan to cover the costs that Medicare does not. 

Keep in mind that all of the Medicare Supplemental Plans are Federally regulated which means the coverage you receive from Thrivent Financial is the same coverage you’d receive from another provider.

Thrivent Financial Insurance Plan F 

Thrivent Plan F has been in the news lately because now that it's 2020, only people who were eligible for Medicare before January 1st, 2020, will be able to purchase the F plan. 

Plan F is the most comprehensive supplement plan available covering the 20% of costs that Medicare does not.

This includes paying for your Medicare Part B deductible which is why congress voted to phase the plan out in 2020. 

A congressional study found that because Plan F participants did not have to pay any additional money when the went to the doctor which resulted in them going a little too often. 

By removing the plans that paid the Medicare Part B deductible, the hope is that Medicare costs will come down a bit from unnecessary doctors visits. 

So long as you were eligible for Plan F before January 1st, 2020, you will still be eligible to purchase this plan. 

Only people eligible for Medicare after January 2020 will be precluded from purchasing a Plan F supplement.

Compare Medicare Supplement Rates Free

Thrivent Financial Insurance Medicare Supplement Review Plan G 

The next most comprehensive Medicare Supplement option is the Thrivent Financial Plan G. 

This plan is identical to Plan F with the exception that you will have to pay your Part B Medicare deductible.

In 2020 the Part B deductible is $185 and many of the Plan G premiums are actually lower than that amount. 

Click on the "compare now" button to find out if you can save money by selecting Thrivent Financial Medigap Plan G. 


BENEFITS


PLAN G


PLAN F


Part A Hospital

Co-Insurance


YES



YES



365 Hospital Reserve Days


YES



YES



Part B Co-Insurance /Co-Payment


YES



YES



Blood Benefit

(First 3 Pints)


YES



YES



Hospice

Co-Insurance /

Co-Payment


YES



YES



Skilled Nursing Facility Co-Insurance


YES



YES



Part A Deductible


YES



YES



Part B Deductible


NO



YES



Part B

Excess Charge


YES



YES



Foreign

Travel Benefit



80%



80%



Out Of Pocket Limit



N/A



N/A


High Deductible Plan G  (HDG)

A new plan option that became available in January 2020 is the High Deductible Plan G. 

This supplemental plan offers all the same great comprehensive coverage as the original Plan G but only after you meet the high deductible. 

According to the National Association of Insurance Commissioners, the 2020 high deductible for Plan G is $2,180, after which, the plan will kick in. 

Free Medicare Supplement Quote Comparison

Thrivent Financial Plan N 

If you are looking for a plan that costs less than the Plan F or Plan G, you may find the Thrivent Financial Plan N a good option. 

Plan N’s coverages are much less comprehensive and do not include coverage for doctors excess charges or your Medicare Part B deductible. 

Understand that every time you visit the emergency room or the doctor, you will be responsible for paying a co-payment. 

Check with a Senior Benefits agent to find out which Thrivent Financial plan would be best for you and your budget.


BENEFITS


PLAN N


PLAN F


Part A Hospital

Co-Insurance


YES



YES



365 Hospital Reserve Days


YES



YES



Part B Co-Insurance /Co-Payment


YES



YES



Blood Benefit

(First 3 Pints)


YES



YES



Hospice

Co-Insurance /

Co-Payment


YES



YES



Skilled Nursing Facility Co-Insurance


YES



YES



Part A Deductible


YES



YES



Part B Deductible


NO



YES



Part B

Excess Charge


NO



YES



Foreign

Travel Benefit



80%



80%



Out Of Pocket Limit



N/A



N/A


Taking Action

Thrivent Financial Insurance Medicare Supplement plans are one of the top 10 options to choose in 2020. 

Hopefully, you found the information helpful and you are now in a better position to make a decision on your Medicare gap insurance. 

Senior Benefits has over 50 years of experience helping seniors with their insurance needs. 

Click on one of the compare plans buttons to get started today. 

Free Medicare Supplement Quote Comparison