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The differences between claims administrators and insurance processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a claims administrator and an insurance processor. Additionally, a claims administrator has an average salary of $36,432, which is higher than the $33,041 average annual salary of an insurance processor.
The top three skills for a claims administrator include data entry, customer service and process claims. The most important skills for an insurance processor are data entry, customer service, and phone calls.
| Claims Administrator | Insurance Processor | |
| Yearly salary | $36,432 | $33,041 |
| Hourly rate | $17.52 | $15.89 |
| Growth rate | -3% | -3% |
| Number of jobs | 59,006 | 50,523 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 33% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Claims administrators are professionals who are responsible for performing administrative duties related to insurance claims. These administrators must collaborate with insurance companies so that they can analyze claims and determine the extent of the company's liability. They must review billing and process claims correctly by identifying provider information and other documentation to ensure a prompt payout. Claims administrators must also maintain and manage the compensation files of all workers in order to conduct preliminary investigations on work-related injuries for worker's compensation claims.
Insurance Processors deal with the processing of insurance applications, amendments of policies, changes, and cancellations. An Insurance Processor works with the client to choose the best insurance package and advise them on how to maximize their benefits. Clients need to understand the insurance process by answering inquiries. It is also essential that an Insurance Processor work hand in hand with the client, guiding them through the process, explaining all crucial parts of the insurance to establish trust in you and the company.
Claims administrators and insurance processors have different pay scales, as shown below.
| Claims Administrator | Insurance Processor | |
| Average salary | $36,432 | $33,041 |
| Salary range | Between $29,000 And $44,000 | Between $28,000 And $38,000 |
| Highest paying City | Reno, NV | Leawood, KS |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | ABB | Moore County Hospital District |
| Best paying industry | Hospitality | Finance |
There are a few differences between a claims administrator and an insurance processor in terms of educational background:
| Claims Administrator | Insurance Processor | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 33% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between claims administrators' and insurance processors' demographics:
| Claims Administrator | Insurance Processor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 28.9% Female, 71.1% | Male, 16.3% Female, 83.7% |
| Race ratio | Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% | Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |