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Employee benefits specialist vs verification specialist

The differences between employee benefits specialists and verification specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an employee benefits specialist and a verification specialist. Additionally, an employee benefits specialist has an average salary of $45,893, which is higher than the $31,564 average annual salary of a verification specialist.

The top three skills for an employee benefits specialist include RFP, health benefits and cobra. The most important skills for a verification specialist are customer service, patients, and data entry.

Employee benefits specialist vs verification specialist overview

Employee Benefits SpecialistVerification Specialist
Yearly salary$45,893$31,564
Hourly rate$22.06$15.18
Growth rate7%7%
Number of jobs18,64426,348
Job satisfaction-5
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 37%
Average age4545
Years of experience66

What does an employee benefits specialist do?

Document clerks are employees who are responsible for tracking and controlling technical documents according to the business standards of an organization. These clerks are required to scan and photocopy business-related documents such as client files, correspondence, and company records. They must work with database systems to maintain digital files while removing and destroying outdated or obsolete files. Document clerks must also verify information in company documents to ensure that the information of clients is correct and resent in all documents.

What does a verification specialist do?

The verification specialist's primary role is to make and take calls to employers for the purpose of verifying information stated by an applicant on his/her /her job application. They manage calls inbound/outbound for education, employment, reference, and licensing verification purposes. They also maintain and keep records of all calls handled to ensure all verifications made are followed upon on time. They communicate effectively and proficiently to all parties involved in attaining verification information. Moreover, they do monthly review to quality check all data gathered for verifications.

Employee benefits specialist vs verification specialist salary

Employee benefits specialists and verification specialists have different pay scales, as shown below.

Employee Benefits SpecialistVerification Specialist
Average salary$45,893$31,564
Salary rangeBetween $31,000 And $67,000Between $24,000 And $41,000
Highest paying CityParsippany-Troy Hills, NJSan Jose, CA
Highest paying stateNew JerseyCalifornia
Best paying companyRSM USJacobs Engineering Group
Best paying industryProfessionalInsurance

Differences between employee benefits specialist and verification specialist education

There are a few differences between an employee benefits specialist and a verification specialist in terms of educational background:

Employee Benefits SpecialistVerification Specialist
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 37%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Employee benefits specialist vs verification specialist demographics

Here are the differences between employee benefits specialists' and verification specialists' demographics:

Employee Benefits SpecialistVerification Specialist
Average age4545
Gender ratioMale, 28.1% Female, 71.9%Male, 23.9% Female, 76.1%
Race ratioBlack or African American, 11.4% Unknown, 3.7% Hispanic or Latino, 14.8% Asian, 7.7% White, 62.1% American Indian and Alaska Native, 0.4%Black or African American, 11.2% Unknown, 3.7% Hispanic or Latino, 15.2% Asian, 7.3% White, 62.3% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between employee benefits specialist and verification specialist duties and responsibilities

Employee benefits specialist example responsibilities.

  • Manage submission process of all documents to the IRS for approval.
  • Manage newly trusteed and terminate pension plans to ensure termination complies with ERISA.
  • Manage payroll deductions, responsible for monthly insurance premium payments, and coordinate/communicate annual open enrollment.
  • Account coordinator for health, dental, fsa, hsa, supplemental coverages.
  • Process and maintain FSA, HSA, and HRA contributions, deductions, and reimbursements.
  • Create new HIPAA privacy compliance plan.
  • Show more

Verification specialist example responsibilities.

  • Manage the TRICARE information program by presenting information utilizing available media, group presentations, or mailings.
  • Maintain confidentiality of all patient medical information adhering to HIPPA regulations and Medicare / Medicaid policies.
  • Verify primary insurance eligibility by phone with agents or online regarding Medicaid recipients and to determine payment responsibilities to providers.
  • Verify medical coverage and benefits to providers and members, review certain ICD9 and CPT codes.
  • Verify patient effective date of insurance, including CPT and diagnosis codes and general policy information.
  • Receive extensive training on insurance plans and types, HIPAA compliance, PatientPlus programming and other workplace relate topics.
  • Show more

Employee benefits specialist vs verification specialist skills

Common employee benefits specialist skills
  • RFP, 13%
  • Health Benefits, 10%
  • Cobra, 6%
  • Human Resources, 6%
  • HIPAA, 5%
  • HRIS, 4%
Common verification specialist skills
  • Customer Service, 23%
  • Patients, 18%
  • Data Entry, 13%
  • Insurance Verification, 4%
  • Medicaid, 4%
  • Verification Process, 3%

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