Thrivent Financial was formed in 2002 when the Aid Association for Lutherans and the Lutheran Brotherhood merged into one company. The company no longer offers Medicare Supplement plans.

Both organizations have founding dates prior to 1920. This merger led to the largest fraternal benefit venture in the nation. Thrivent now serves all Christians and not just those of the Lutheran faith.

Thrivent Financial Supplemental Medicare Plans

Supplemental Medicare plans help protect beneficiaries from the potentially high costs left over by the Medicare program. These plans help either offset or lessen the impact of Medicare Part A, Medicare Part B, and prescription drug costs.

These plans come in the form of Medicare Supplement, Medicare Advantage, and Medicare Part D prescription drug coverages. And they can vary a little depending on where you reside.

We’ll discuss Medicare Supplement options and a little about Medicare Advantage. Then, we’re going to go over Part D options and Thrivent Financial for Lutherans’ financial strength ratings.

Finally, we’ll answer some frequently asked questions and how to enroll in a Thrivent Financial supplemental Medicare plan.

Thrivent Financial Medicare Supplement Plans

Thrivent’s main focus in the Medicare space is Medicare Supplement insurance. They offered 8 of the 10 Medigap plan options. The majority of Thrivent members choose to enroll in Plan N, Plan G, or Plan F

Medicare Supplement insurance plans are secondary coverage to Original Medicare. This allows you to see any healthcare provider that accepts Medicare nationwide. Their design is to cover some of all of the out-of-pocket costs that come with Original Medicare coverage.

Depending on the plan you select, some or all of the below items can receive coverage by a Medicare Supplement:

  • Medicare Part A Deductible
  • Part A copayments
  • Part A coinsurance
  • Inpatient services
  • Skilled nursing facility
  • Hospice
  • Medicare Part B Deductible
  • Part B coinsurance
  • Copayments for Part B
  • Part B excess charges
  • Office Visits
  • Outpatient services

Thrivent Medicare Supplement plans have affordable monthly premiums. Medigap insurance policies are standardized and federally regulated. This means that Medicare Supplement plans have the same coverage no matter which insurance company you choose to enroll with.

Thrivent Financial Medicare Advantage Plans

Medicare Advantage plans are health care plans that are required to cover as good or better than the Orignal Medicare benefits. These plans roll your Medicare Part A, Part B, and most of the time Part D into one easy-to-use plan.

There are several plan extras included such as dental coverage, gym memberships, and over-the-counter benefits. These are additional benefits beyond what’s covered by Medicare.

Thrivent doesn’t offer Medicare Advantage plans.

Thrivent Financial Medicare Part D

When it comes to picking up prescriptions from the pharmacy, there are two ways to attach Medicare drug coverage. You can enroll in a Medicare Advantage with drug coverage included or choose a stand-alone drug plan to go along with your Medicare Supplement insurance.

Thrivent doesn’t have Part D plans. If you need coverage to go along with your Medicare Supplement, feel free to check with our licensed agents. We have access to all the options available.

Thrivent Medicare Pros and Cons

Pros

  • High financial strength
  • Quick claims
  • Low rate increases

Cons

  • No longer offering Medigap plans

Financial Strength Ratings

Thrivent was awarded an AMbest rating of “A+ Superior” and A++ by Fitch ratings. This is among some of the highest marks a company can receive.

Higher financial ratings indicate that the company will pay claims quickly, keep rates low, and take smaller rate increases on average.

Reviews

Thrivent Financial for Lutherans is a great Christian-based company. They are more known as Thrivent Financial as it’s a more inclusive name and they invite members of all Christian denominations to join.

Thrivent Financial has some of the highest financial ratings out there. They have great rates and fantastic customer relations.

FAQs

Does Thrivent sell Medicare supplements?

Thrivent made the decision a few years ago to get out of the Medicare Supplement industry.

Does Thrivent Financial offer health insurance?

Yes! Thrivent offers a few supplemental health insurance options. They also provide life insurance and long-term care solutions.

How good is Thrivent Financial?

Thrivent Financial enjoys solid customer satisfaction ratings and the two companies that merged to create it have been around for over 100 years. So those looking for healthcare insurance can consider it a good option.

How to Enroll in a Thrivent Financial Medicare Plan

Unfortunately, Thrivent has made the decision to no longer offer Medicare Supplement plans as of December 2020. But if you need a Medigap plan, you’ve come to the right place.

We can help connect you with the right Medicare Supplement plan for your needs. Our licensed insurance agents have a wealth of knowledge and their time to discuss your options is free of charge.

Give us a call or fill out our online request form. We’ll be happy to help you find a plan that fits your needs.

Written By:
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Lindsay Malzone, Lindsay Malzone is the Medicare editor for Medigap.com. She's been contributing to many well-known publications since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.
Reviewed By:
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Rodolfo Marrero, Rodolfo Marrero is one of the co-founders at Medigap.com. He has been helping consumers find the right coverage since the site was founded in 2013. Rodolfo is a licensed insurance agent that works hand-in-hand with the team to ensure the accuracy of the content.