Is accident and health insurance a good career path?

Yes, accident and health insurance is a good career path. This career path provides many different job opportunities for those that pursue it.

Recent graduates with relevant degrees are very likely to find careers in this field, as there is a high demand for professionals in the insurance industry.

In addition to the wealth of job opportunities, careers in accident and health insurance offer a lot of job security and chances for professional growth and development.

Here are some descriptions of top jobs in this field and their average annual salaries:

• Insurance Billing Specialist

These insurance professionals provide billing services for insurance firms. They might also be found in hospitals and other medical facilities that handle medical insurance billing.

Common tasks include counseling patients, developing bills, confirming patient details, managing insurance claims, answering billing questions, and making sure the required amount of money for medical insurance is paid by the patient.

This role earns an average annual salary of $30,000 per year.

• Coding Specialist

Coding specialists deal with the creation of medical codes that contain an overview of a patient's records and medical visits. These are used by medical billers when they submit claims to health insurance companies.

Codes that a specialist uses contain information on a patient's symptoms, diagnosis, therapies, prescribed medications, surgeries, and other medical procedures.

They most often work with doctors, nurses, medical assistants, and other medical billers to make sure a patient's visit overview, and other important information, is accurately translated to avoid discrepancies that result in insurance problems.

Coding specialists earn an average salary of $60,097 per year.

• Insurance Benefits Advisor

Insurance benefits advisors meet with clients who want to sign new, or update, current insurance policies. They help clients learn about their options with specific insurance plans.

They earn salaries that average around $55,000 per year.

• Medical biller

Medical billers, also referred to as medical coders, translate medical-based paperwork into medical codes that are used to create invoices for insurance claims. Medical billers act as the middle professional between insurance companies, healthcare providers, and patients.

They usually have a good amount of knowledge about health insurance and specific medical services and procedures. Common tasks include going over patient bills, setting up payment options and plans, and appealing dismissed insurance claims.

These professionals make an average annual salary of $46,660 per year.

• Insurance Underwriter

Insurance underwriters are in charge of revising insurance requests in an attempt to evaluate certain risks. They scrutinize different forms of insurance data when trying to determine risks, and when evaluating requests from clients.

These insurance professionals also evaluate premiums and coverage amounts to determine the most appropriate policies for insurance holders.

Insurance underwriters can make salaries of up to $130,000 per year, while most in the field average around $115,959 per year.