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Benefit specialist vs verification specialist

The differences between benefit specialists and verification specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a benefit specialist and a verification specialist. Additionally, a benefit specialist has an average salary of $48,756, which is higher than the $31,564 average annual salary of a verification specialist.

The top three skills for a benefit specialist include customer service, HR and patients. The most important skills for a verification specialist are customer service, patients, and data entry.

Benefit specialist vs verification specialist overview

Benefit SpecialistVerification Specialist
Yearly salary$48,756$31,564
Hourly rate$23.44$15.18
Growth rate7%7%
Number of jobs31,66326,348
Job satisfaction-5
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 37%
Average age4545
Years of experience66

What does a benefit specialist do?

A benefits specialist is responsible for analyzing and processing the compensation package of an organization, ensuring that the salary and benefits received by an employee adhere to the current legislation procedures. Benefits specialists develop benefits programs, adjusting pension plans and insurance options as needed, and updating the employees on recent updates and changes. A benefits specialist responds to employees' inquiries, addresses their concerns, and manages benefits issues. A benefits specialist must have a clear understanding of benefits policies and processes to educate employees about the benefits structure.

What does a verification specialist do?

The verification specialist's primary role is to make and take calls to employers for the purpose of verifying information stated by an applicant on his/her /her job application. They manage calls inbound/outbound for education, employment, reference, and licensing verification purposes. They also maintain and keep records of all calls handled to ensure all verifications made are followed upon on time. They communicate effectively and proficiently to all parties involved in attaining verification information. Moreover, they do monthly review to quality check all data gathered for verifications.

Benefit specialist vs verification specialist salary

Benefit specialists and verification specialists have different pay scales, as shown below.

Benefit SpecialistVerification Specialist
Average salary$48,756$31,564
Salary rangeBetween $34,000 And $68,000Between $24,000 And $41,000
Highest paying CitySan Francisco, CASan Jose, CA
Highest paying stateConnecticutCalifornia
Best paying companyQorvoJacobs Engineering Group
Best paying industryFinanceInsurance

Differences between benefit specialist and verification specialist education

There are a few differences between a benefit specialist and a verification specialist in terms of educational background:

Benefit SpecialistVerification Specialist
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 37%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Benefit specialist vs verification specialist demographics

Here are the differences between benefit specialists' and verification specialists' demographics:

Benefit SpecialistVerification Specialist
Average age4545
Gender ratioMale, 21.1% Female, 78.9%Male, 23.9% Female, 76.1%
Race ratioBlack or African American, 11.0% Unknown, 3.6% Hispanic or Latino, 15.3% Asian, 7.5% White, 62.2% American Indian and Alaska Native, 0.3%Black or African American, 11.2% Unknown, 3.7% Hispanic or Latino, 15.2% Asian, 7.3% White, 62.3% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between benefit specialist and verification specialist duties and responsibilities

Benefit specialist example responsibilities.

  • Manage various employee program such as life, medical, dental pension, and HSA accounts.
  • Examine HMO documents to verify eligibility to process or reject into or from a manage care plan when necessary.
  • Input daily time and PTO, manage benefits, report new hires, input sales, oversee accounts receivable.
  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Implement new vendor for FSA administration and manage outstanding issues through continuous follow-up and vendor accountability.
  • Analyze, process and manage FMLA claims to determine eligibility and certification in compliance with state and federal regulations.
  • Show more

Verification specialist example responsibilities.

  • Manage the TRICARE information program by presenting information utilizing available media, group presentations, or mailings.
  • Maintain confidentiality of all patient medical information adhering to HIPPA regulations and Medicare / Medicaid policies.
  • Verify primary insurance eligibility by phone with agents or online regarding Medicaid recipients and to determine payment responsibilities to providers.
  • Verify medical coverage and benefits to providers and members, review certain ICD9 and CPT codes.
  • Verify patient effective date of insurance, including CPT and diagnosis codes and general policy information.
  • Receive extensive training on insurance plans and types, HIPAA compliance, PatientPlus programming and other workplace relate topics.
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Benefit specialist vs verification specialist skills

Common benefit specialist skills
  • Customer Service, 13%
  • HR, 8%
  • Patients, 5%
  • HRIS, 5%
  • Life Insurance, 5%
  • Cobra, 5%
Common verification specialist skills
  • Customer Service, 23%
  • Patients, 18%
  • Data Entry, 13%
  • Insurance Verification, 4%
  • Medicaid, 4%
  • Verification Process, 3%

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