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Benefits analyst vs benefits advisor

The differences between benefits analysts and benefits advisors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a benefits analyst and a benefits advisor. Additionally, a benefits advisor has an average salary of $71,377, which is higher than the $50,944 average annual salary of a benefits analyst.

The top three skills for a benefits analyst include customer service, HR and HRIS. The most important skills for a benefits advisor are insurance benefits, patients, and inbound calls.

Benefits analyst vs benefits advisor overview

Benefits AnalystBenefits Advisor
Yearly salary$50,944$71,377
Hourly rate$24.49$34.32
Growth rate7%7%
Number of jobs20,21148,023
Job satisfaction-3
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 56%
Average age4545
Years of experience66

What does a benefits analyst do?

A Benefits Analyst is responsible for administering and communicating benefit programs for an organization. They attract and retain employees through researching, recommending, and explaining benefit programs.

What does a benefits advisor do?

A benefits advisor specializes in devising benefits programs and strategies for a workforce, ensuring they are well-compensated for their hard work. Typically, their responsibilities revolve around performing research and analysis to identify the needs of employees in a company, studying the benefit programs of competitors, and assessing the existing programs while putting the company's welfare into consideration. They must prepare reports and presentations for clients, provide cost-estimates and business plans, and evaluate risks, all while adhering to the company's policies and regulations, including its vision and mission.

Benefits analyst vs benefits advisor salary

Benefits analysts and benefits advisors have different pay scales, as shown below.

Benefits AnalystBenefits Advisor
Average salary$50,944$71,377
Salary rangeBetween $36,000 And $70,000Between $46,000 And $109,000
Highest paying CityNew York, NYVancouver, WA
Highest paying stateNew JerseyWashington
Best paying companyAmdChevron
Best paying industryProfessionalGovernment

Differences between benefits analyst and benefits advisor education

There are a few differences between a benefits analyst and a benefits advisor in terms of educational background:

Benefits AnalystBenefits Advisor
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 56%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Benefits analyst vs benefits advisor demographics

Here are the differences between benefits analysts' and benefits advisors' demographics:

Benefits AnalystBenefits Advisor
Average age4545
Gender ratioMale, 27.8% Female, 72.2%Male, 41.2% Female, 58.8%
Race ratioBlack or African American, 11.1% Unknown, 3.6% Hispanic or Latino, 15.2% Asian, 7.8% White, 61.8% American Indian and Alaska Native, 0.3%Black or African American, 11.4% Unknown, 3.6% Hispanic or Latino, 15.3% Asian, 7.7% White, 61.6% American Indian and Alaska Native, 0.3%
LGBT Percentage9%9%

Differences between benefits analyst and benefits advisor duties and responsibilities

Benefits analyst example responsibilities.

  • Manage relationships with all FSA clients including supporting their employee inquiries, reporting, and explain policy and procedure.
  • Manage regulatory compliance with federal and state leave laws such as FMLA, ADA, CFRA, PDL and FEHA.
  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Develop data analysis procedures to comply with ACA regulations.
  • Screen clients for Medicaid and other health insurance eligibility.
  • Provide functional expertise and leadership of retiree benefits administration during the RFP selection process for outsourcing retirement administration.
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Benefits advisor example responsibilities.

  • Manage broker and group accounts throughout the year administering qualify changes, terminations, and ACA compliance.
  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Function as a liaison between the patient, hospital and governmental agencies to obtain documentation require for Medicaid eligibility determination.
  • Maintain employee benefit records in HRIS system, including qualifying event records, personal information updates, and employment status changes.
  • Evaluate patients for existing insurance coverage, federal and state assistance programs, or hospital charity application.
  • Use tactful and effective interview techniques to obtain pertinent information to assure accurate eligibility determination for Medicaid.
  • Show more

Benefits analyst vs benefits advisor skills

Common benefits analyst skills
  • Customer Service, 10%
  • HR, 8%
  • HRIS, 6%
  • Payroll, 6%
  • PowerPoint, 5%
  • RFP, 4%
Common benefits advisor skills
  • Insurance Benefits, 21%
  • Patients, 12%
  • Inbound Calls, 10%
  • Medicare Advantage, 6%
  • Insurance Products, 6%
  • Medicaid, 5%

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