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The differences between commercial lines account managers and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial lines account manager has an average salary of $57,372, which is higher than the $33,043 average annual salary of an insurance verification specialist.
The top three skills for a commercial lines account manager include customer service, management system and cancellations. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.
| Commercial Lines Account Manager | Insurance Verification Specialist | |
| Yearly salary | $57,372 | $33,043 |
| Hourly rate | $27.58 | $15.89 |
| Growth rate | 6% | 6% |
| Number of jobs | 84,354 | 71,688 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Associate Degree, 27% |
| Average age | 46 | 46 |
| Years of experience | - | - |
A commercial lines account manager is an individual who provides quality service to clients as well as act as the daily liaison between insurance company, agent, and their clients. Commercial lines account managers are required to address various coverage issues and handle inside service work that is associated with the client's account. They must assist their clients in making appropriate coverage changes and educate them about coverage, exclusions, and exposures. Commercial lines account managers must also set up finance contracts with PFS and help negotiate rates if applicable.
An insurance verification specialist is responsible for confirming a patient's insurance details and eligibility to receive medical care services. Insurance verification specialists review the insurance documents of the patients, including its coverage and limitations, and escalate concerns to the supervisor for immediate resolution. They process paperwork accordingly upon coordinating with the patients and attending health professionals. An insurance verification specialist must have excellent communication and organizational skills, finishing administrative tasks efficiently under minimal supervision.
Commercial lines account managers and insurance verification specialists have different pay scales, as shown below.
| Commercial Lines Account Manager | Insurance Verification Specialist | |
| Average salary | $57,372 | $33,043 |
| Salary range | Between $44,000 And $74,000 | Between $28,000 And $37,000 |
| Highest paying City | Bothell, WA | Madison, WI |
| Highest paying state | Washington | New Hampshire |
| Best paying company | UBS | St. Luke's Cataract & Laser Institute |
| Best paying industry | Start-up | Pharmaceutical |
There are a few differences between a commercial lines account manager and an insurance verification specialist in terms of educational background:
| Commercial Lines Account Manager | Insurance Verification Specialist | |
| Most common degree | Bachelor's Degree, 51% | Associate Degree, 27% |
| Most common major | Business | Health Care Administration |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines account managers' and insurance verification specialists' demographics:
| Commercial Lines Account Manager | Insurance Verification Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 11.4% Female, 88.6% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |