We examine the role of thermal fluctuations in two-species Bose-Einstein condensates confined in quasi-twodimensional (quasi-2D) optical lattices using the Hartree-Fock-Bogoliubov theory with the Popov approximation. The method, in particular, is ideal to probe the evolution of quasiparticle modes at finite temperatures. Our studies show that the quasiparticle spectrum in the phase-separated domain of the two-species Bose-Einstein condensate has a discontinuity at some critical value of the temperature. Furthermore, the low-lying modes like the slosh mode becomes degenerate at this critical temperature, and this is associated with the transition from the immiscible side-by-side density profile to the miscible phase. Hence, the rotational symmetry of the condensate density profiles are restored, and so is the degeneracy of quasiparticle modes.