Post job

Group insurance specialist vs agent

The differences between group insurance specialists and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a group insurance specialist has an average salary of $78,050, which is higher than the $37,864 average annual salary of an agent.

The top three skills for a group insurance specialist include invoice, life insurance and group insurance. The most important skills for an agent are insurance products, customer service, and life insurance.

Group insurance specialist vs agent overview

Group Insurance SpecialistAgent
Yearly salary$78,050$37,864
Hourly rate$37.52$18.20
Growth rate6%6%
Number of jobs45,629184,325
Job satisfaction-2
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 44%
Average age4646
Years of experience--

Group insurance specialist vs agent salary

Group insurance specialists and agents have different pay scales, as shown below.

Group Insurance SpecialistAgent
Average salary$78,050$37,864
Salary rangeBetween $63,000 And $96,000Between $19,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Latham & Watkins
Best paying industry--

Differences between group insurance specialist and agent education

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

Group Insurance SpecialistAgent
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 44%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Group insurance specialist vs agent demographics

Here are the differences between group insurance specialists' and agents' demographics:

Group Insurance SpecialistAgent
Average age4646
Gender ratioMale, 35.0% Female, 65.0%Male, 50.5% Female, 49.5%
Race ratioBlack or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between group insurance specialist and agent duties and responsibilities

Group insurance specialist example responsibilities.

  • Manage communication points between corporate advisers, providers and patients for medical service advisory requests.
  • Provide unparallele brokerage services, specifically focusing on a thorough analysis of business risk and comprehensive options for clients.
  • Process new and renewing business utilizing the BlueStar membership system.

Agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Verify documentation and coding using CPT and ICD-9 correct coding standards.
  • Assist TANF customers with obtaining employment.
  • Direct compliance with all CPT and Medicare guidelines.
  • Train BDC representatives on phone skills and CRM use.
  • Bill appropriate ICD-9 codes to the correct insurance companies.
  • Show more

Group insurance specialist vs agent skills

Common group insurance specialist skills
  • Invoice, 57%
  • Life Insurance, 8%
  • Group Insurance, 7%
  • Customer Calls, 4%
  • Mental Health, 4%
  • Group Therapy, 3%
Common agent skills
  • Insurance Products, 11%
  • Customer Service, 10%
  • Life Insurance, 8%
  • HR, 6%
  • Inbound Calls, 6%
  • Financial Services, 6%