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The differences between billing representatives and insurance representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance representative has an average salary of $35,958, which is higher than the $35,002 average annual salary of a billing representative.
The top three skills for a billing representative include patients, customer service and data entry. The most important skills for an insurance representative are customer service, patients, and health insurance.
| Billing Representative | Insurance Representative | |
| Yearly salary | $35,002 | $35,958 |
| Hourly rate | $16.83 | $17.29 |
| Growth rate | -3% | 6% |
| Number of jobs | 95,425 | 87,843 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 30% | Bachelor's Degree, 45% |
| Average age | 46 | 46 |
| Years of experience | 2 | - |
A billing representative assists with the overall operations of the organization's billing department. Billing representatives post payments timely on the database, update account statements, generate financial reports, release invoices, and resolve account discrepancies. They also perform client accounts reconciliation as needed, monitor account receivables, review overdated balance, and notify clients of payment updates to ensure accurate and timely billing. A billing representative must have strong analytical and communication skills to manage clients' accounts, as well as comprehensive knowledge on the accounting industry to explain the payment terms and policies of an organization to a client.
An insurance representative serves as a client's point of contact in insurance companies. Their responsibilities include researching client opportunities, reaching out to potential clients to offer products and services, discussing terms and policies, providing detailed advice, and assisting in every procedure, ensuring convenience and client satisfaction. Aside from securing sales, an insurance representative may also process applications and claims while adhering to the company's policies and regulations. Furthermore, they may also perform clerical tasks such as handling calls and correspondence, arranging appointments, and maintaining records of all transactions.
Billing representatives and insurance representatives have different pay scales, as shown below.
| Billing Representative | Insurance Representative | |
| Average salary | $35,002 | $35,958 |
| Salary range | Between $28,000 And $42,000 | Between $29,000 And $44,000 |
| Highest paying City | Worcester, MA | Lacey, WA |
| Highest paying state | Massachusetts | Washington |
| Best paying company | Relevante | Santander Bank |
| Best paying industry | Technology | Finance |
There are a few differences between a billing representative and an insurance representative in terms of educational background:
| Billing Representative | Insurance Representative | |
| Most common degree | Bachelor's Degree, 30% | Bachelor's Degree, 45% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between billing representatives' and insurance representatives' demographics:
| Billing Representative | Insurance Representative | |
| Average age | 46 | 46 |
| Gender ratio | Male, 15.7% Female, 84.3% | Male, 29.8% Female, 70.2% |
| Race ratio | Black or African American, 10.4% Unknown, 4.3% Hispanic or Latino, 19.9% Asian, 7.3% White, 57.2% American Indian and Alaska Native, 0.9% | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |