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Commercial lines insurance agent vs insurance verification specialist

The differences between commercial lines insurance agents and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial lines insurance agent has an average salary of $55,459, which is higher than the $33,043 average annual salary of an insurance verification specialist.

The top three skills for a commercial lines insurance agent include insurance carriers, insurance products and insurance quotes. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.

Commercial lines insurance agent vs insurance verification specialist overview

Commercial Lines Insurance AgentInsurance Verification Specialist
Yearly salary$55,459$33,043
Hourly rate$26.66$15.89
Growth rate6%6%
Number of jobs84,53971,688
Job satisfaction--
Most common degreeBachelor's Degree, 52%Associate Degree, 27%
Average age4646
Years of experience--

Commercial lines insurance agent vs insurance verification specialist salary

Commercial lines insurance agents and insurance verification specialists have different pay scales, as shown below.

Commercial Lines Insurance AgentInsurance Verification Specialist
Average salary$55,459$33,043
Salary rangeBetween $35,000 And $87,000Between $28,000 And $37,000
Highest paying City-Madison, WI
Highest paying state-New Hampshire
Best paying company-St. Luke's Cataract & Laser Institute
Best paying industry-Pharmaceutical

Differences between commercial lines insurance agent and insurance verification specialist education

There are a few differences between a commercial lines insurance agent and an insurance verification specialist in terms of educational background:

Commercial Lines Insurance AgentInsurance Verification Specialist
Most common degreeBachelor's Degree, 52%Associate Degree, 27%
Most common majorBusinessHealth Care Administration
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial lines insurance agent vs insurance verification specialist demographics

Here are the differences between commercial lines insurance agents' and insurance verification specialists' demographics:

Commercial Lines Insurance AgentInsurance Verification Specialist
Average age4646
Gender ratioMale, 33.6% Female, 66.4%Male, 11.4% Female, 88.6%
Race ratioBlack or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.4% Asian, 4.1% White, 66.3% 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 Percentage7%7%

Differences between commercial lines insurance agent and insurance verification specialist duties and responsibilities

Commercial lines insurance agent example responsibilities.

  • Work with people in retirement helping manage their health and life insurance, also help structure their 401k's into annuities.
  • Provide unparallele brokerage services, specifically focusing on a thorough analysis of business risk and comprehensive options for clients.
  • Act as a retention specialist for Cigna Healthspring during AEP.

Insurance verification specialist example responsibilities.

  • Check CPT and ICD-10 codes with LCD and policies from multiple insurance companies to make sure procedures will be paid.
  • Support the patient privacy/confidentiality policies and regulations under HIPAA for patients and their medical records.
  • Confirm correct charges base on HCPCS codes.
  • Assist callers as well with questions about their benefits, terms and conditions of medical plans, appeals and grievances.
  • Provide medical record support in the absence of EMR: assist clinics and hospitals in obtaining medical records in appropriate format.
  • Document outbound communication from providers and veterans.
  • Show more

Commercial lines insurance agent vs insurance verification specialist skills

Common commercial lines insurance agent skills
  • Insurance Carriers, 30%
  • Insurance Products, 26%
  • Insurance Quotes, 13%
  • Insurance Policies, 6%
  • Professional Customer Service, 6%
  • AMS, 5%
Common insurance verification specialist skills
  • Patients, 25%
  • Insurance Verification, 15%
  • Customer Service, 7%
  • Insurance Eligibility, 5%
  • Data Entry, 4%
  • Medical Terminology, 4%