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Group insurance specialist vs insurance verification specialist

The differences between group insurance specialists and insurance verification specialists 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 $33,043 average annual salary of an insurance verification specialist.

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

Group insurance specialist vs insurance verification specialist overview

Group Insurance SpecialistInsurance Verification Specialist
Yearly salary$78,050$33,043
Hourly rate$37.52$15.89
Growth rate6%6%
Number of jobs45,62971,688
Job satisfaction--
Most common degreeBachelor's Degree, 59%Associate Degree, 27%
Average age4646
Years of experience--

Group insurance specialist vs insurance verification specialist salary

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

Group Insurance SpecialistInsurance Verification Specialist
Average salary$78,050$33,043
Salary rangeBetween $63,000 And $96,000Between $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 group insurance specialist and insurance verification specialist education

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

Group Insurance SpecialistInsurance Verification Specialist
Most common degreeBachelor's Degree, 59%Associate Degree, 27%
Most common majorBusinessHealth Care Administration
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Group insurance specialist vs insurance verification specialist demographics

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

Group Insurance SpecialistInsurance Verification Specialist
Average age4646
Gender ratioMale, 35.0% Female, 65.0%Male, 11.4% Female, 88.6%
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, 9.3% 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 group insurance specialist and insurance verification specialist 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.

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

Group insurance specialist vs insurance verification specialist skills

Common group insurance specialist skills
  • Invoice, 57%
  • Life Insurance, 8%
  • Group Insurance, 7%
  • Customer Calls, 4%
  • Mental Health, 4%
  • Group Therapy, 3%
Common insurance verification specialist skills
  • Patients, 25%
  • Insurance Verification, 15%
  • Customer Service, 7%
  • Insurance Eligibility, 5%
  • Data Entry, 4%
  • Medical Terminology, 4%