Thrivent Financial Medicare Supplement Insurance Options

Thrivent Financial offers several Medicare Supplement insurance options to help you cover out-of-pocket costs associated with Medicare.

Plan A is the most basic option, covering essential services such as hospital stays, skilled nursing care, and doctor visits.

Plan F is another popular option, offering comprehensive coverage for services not covered by Medicare, including deductibles, copays, and coinsurance.

These plans are designed to work alongside your Medicare coverage, filling in the gaps and helping you avoid unexpected medical expenses.

Medicare Supplement Plans are standardized under federal law, which means that all plans must cover the same benefits when comparing plan letters. This is a critical factor to consider when choosing a plan.

Thrivent Financial offers eight Medigap plans, but not all are available in all states. In fact, only three states - Massachusetts, Minnesota, and Wisconsin - require companies to sell benefit plans as defined by their state laws.

The three most popular Medicare supplement plans offered by Thrivent are F, G, and N. These plans are outlined in the chart below:

*Plan N has an office visit copay up to $20 per visit.

Medicare Supplement Plans offer additional coverage to help with medical expenses that Medicare doesn't cover. Thrivent Financial offers Medicare supplement insurance plans, including A, B, F, G, and N.

Thrivent's Medicare supplement insurance plans are standardized, meaning they must cover the same benefits, but the company may offer additional benefits or discounts. All but three states require companies to standardize Medicare supplement insurance policies.

The three most popular Thrivent Medicare supplement plans are F, G, and N. Plan F covers 100% of Medicare Part A Coinsurance, Medicare Part B Coinsurance, and Medicare Part A Deductible. Plan G also covers 100% of these expenses, except for the Medicare Part B Deductible.

Plan N covers 100% of Medicare Part A Coinsurance, Medicare Part A Deductible, and Part A Hospice Coinsurance. However, it does have a copay for office visits up to $20 per visit.

Here's a comparison of the three most popular plans:

Thrivent's Medicare supplement plans can be purchased with a variety of pricing methods, including issue-age and attained-age. By purchasing a plan, you'll also become a benefit member, which provides access to education resources, discounts, and exclusive fee services.

High Deductible plans offer a lower monthly premium in exchange for more out-of-pocket costs. This can be a good option for someone looking to save on premiums.

The High Deductible Plan G became available in early January 2020, offering the same coverage as the original High Deductible Plan F. It's a supplemental plan that requires you to meet the deductible in a calendar year before the plan starts to pay out benefits.

The 2025 deductible for High Deductible Plan G is $2,870, which is a significant amount that you'll need to cover out-of-pocket. After meeting the deductible, the plan will kick in and start paying out benefits.

Thrivent Financial Insurance Medicare Supplement plans are one of the top 10 options to choose from, and their High Deductible Plan G is a notable offering. This plan offers comprehensive coverage, but only after you meet the high deductible.

The 2020 high deductible for Plan G is $2,180, according to the National Association of Insurance Commissioners. This is a substantial amount, but it may be a good option for someone looking to save on premiums.

Thrivent Financial Medicare Supplement offers a range of plans, including Plan G, which is similar to Plan F but requires you to pay the Part B deductible.

Thrivent Financial has a long history of stability, with an average yearly rate increase of 5.46% for Plan A, 5.73% for Plan D, and 4.60% for Plan F over the past ten years.

Plan G covers Part A hospital co-insurance, 365 hospital reserve days, Part B co-insurance/co-payment, blood benefits, hospice co-insurance/co-payment, skilled nursing facility co-insurance, and Part A deductible, but does not cover Part B deductible.

Thrivent Financial is financially strong, with a superior rating from A.M. Best and very strong financial ratings from Fitch, and has a mission to help Christians be wise with their finances and live generously.

Here's a comparison of Plan G and Plan F benefits:

Thrivent Medicare Supplement plans come with benefits such as a locked-in initial 12-month rate, a 30-day free look period, and guaranteed renewable health insurance coverage for life.

Enrolling in the Thrivent Medicare Supplement requires some preparation and understanding of the process.

You'll need to sign a "Authorization to Release Confidential Medical Information" (HIPAA) form to allow Thrivent to obtain a prescription history report.

A telephone interview may be conducted to verify information on a case-by-case basis. Although it's not guaranteed, it's a possibility.

You'll need to answer a series of health questions on the application. If any question is answered "Yes", you'll be declined for coverage.

There are certain parameters to meet, including being within the height and weight parameters.

To determine if you'll need to answer health questions, check if you're in your Medicare Supplement open enrollment period or Guaranteed Issue period.

If you're in one of these periods, you'll be accepted regardless of health.

Here are the periods to look out for:

Keep in mind that if you're waiting for any tests, therapies, or surgery to be completed, you need to wait until they're no longer pending. This includes cataract surgery scheduled in the next 12 months.

Thrivent Financial is a solid choice for Medicare Supplement insurance, with a stable financial history and competitive rates. They have been a trusted provider for many years.

Their Plan G is a popular option, offering the same benefits as Plan F with the exception of paying the Part B Medicare deductible. In 2019, the Part B deductible was $185, and many Plan G premiums are actually lower than that amount.

Thrivent Financial has a long history of providing Medicare Supplement insurance, with a stable history and a strong reputation in the industry.

Here are the benefits of Thrivent Financial Plan G compared to Plan F:

Thrivent Financial is one of the top Medicare supplement companies, with a strong commitment to customer support and competitive rates.

Their Medicare Supplement ratings are high, with a stable outlook and a solid financial foundation.