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The differences between claims adjusters and claims analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a claims adjuster, becoming a claims analyst takes usually requires 4-6 years. Additionally, a claims adjuster has an average salary of $51,116, which is higher than the $48,398 average annual salary of a claims analyst.
The top three skills for a claims adjuster include insurance carriers, auto claims and customer service. The most important skills for a claims analyst are customer service, medical terminology, and CPT.
| Claims Adjuster | Claims Analyst | |
| Yearly salary | $51,116 | $48,398 |
| Hourly rate | $24.57 | $23.27 |
| Growth rate | -6% | -6% |
| Number of jobs | 13,221 | 22,062 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 52% |
| Average age | 44 | 44 |
| Years of experience | 4 | 6 |
A claim's adjuster is responsible for the handling of the insurance claims and investigating the extent of property damage and processing the business or a person's liability. Claims adjusters have a broad range of duties such as damage inspection to evaluate incident reports, communicating with property owners and spectators as well as referring to legal documents. They must also have excellent analytical and critical-thinking skills to calculate payments and analyze the complexities of multiple sources. Claims adjusters should also provide timely reports for reference and possible disputes.
A claims analyst specializes in processing medical insurance claims. They are primarily responsible for verifying the authenticity and eligibility of claims, analyzing the billing, communicating with policyholders, and ensuring adherence to all the policies and regulations during the entire procedure. Furthermore, a claims analyst is also in charge of administrative tasks such as keeping and updating records, reaching out and sending reports to creditors, setting appointments and schedules, processing paperwork, coordinating with key personnel, and discussing terms and necessary information to clients.
Claims adjusters and claims analysts have different pay scales, as shown below.
| Claims Adjuster | Claims Analyst | |
| Average salary | $51,116 | $48,398 |
| Salary range | Between $40,000 And $64,000 | Between $29,000 And $78,000 |
| Highest paying City | Los Angeles, CA | Trenton, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Merchants Insurance Group | |
| Best paying industry | Insurance | - |
There are a few differences between a claims adjuster and a claims analyst in terms of educational background:
| Claims Adjuster | Claims Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between claims adjusters' and claims analysts' demographics:
| Claims Adjuster | Claims Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 45.1% Female, 54.9% | Male, 27.6% Female, 72.4% |
| Race ratio | Black or African American, 11.8% Unknown, 4.4% Hispanic or Latino, 16.8% Asian, 5.2% White, 61.2% American Indian and Alaska Native, 0.5% | Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |