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The differences between health insurance agents and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a health insurance agent has an average salary of $49,934, which is higher than the $33,043 average annual salary of an insurance verification specialist.
The top three skills for a health insurance agent include HIPAA, health insurance and customer service. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.
| Health Insurance Agent | Insurance Verification Specialist | |
| Yearly salary | $49,934 | $33,043 |
| Hourly rate | $24.01 | $15.89 |
| Growth rate | 6% | 6% |
| Number of jobs | 112,235 | 71,688 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Associate Degree, 27% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Health Insurance Agents are salespeople whose primary product is health insurance. Insurance companies hire them to reach sales targets. They are trained to sell insurance to individuals or groups of people. They are expected to be familiar with all the products of the company. Health Insurance Agents should assess their clients' needs and recommend the best health insurance product that fits their needs. They should be able to explain the product's features and answer any inquiries that the clients may have. Health Insurance Agents should also know how to compute insurance premiums and estimate payouts.
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.
Health insurance agents and insurance verification specialists have different pay scales, as shown below.
| Health Insurance Agent | Insurance Verification Specialist | |
| Average salary | $49,934 | $33,043 |
| Salary range | Between $34,000 And $72,000 | Between $28,000 And $37,000 |
| Highest paying City | Tacoma, WA | Madison, WI |
| Highest paying state | Alaska | New Hampshire |
| Best paying company | DialAmerica | St. Luke's Cataract & Laser Institute |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between a health insurance agent and an insurance verification specialist in terms of educational background:
| Health Insurance Agent | Insurance Verification Specialist | |
| Most common degree | Bachelor's Degree, 50% | Associate Degree, 27% |
| Most common major | Business | Health Care Administration |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between health insurance agents' and insurance verification specialists' demographics:
| Health Insurance Agent | Insurance Verification Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 11.4% Female, 88.6% |
| Race ratio | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.5% 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% |