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The differences between health underwriters and underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a health underwriter has an average salary of $81,313, which is higher than the $61,751 average annual salary of an underwriter.
The top three skills for a health underwriter include underwriting guidelines, medical history and risk assessments. The most important skills for an underwriter are customer service, investor guidelines, and mortgage loans.
| Health Underwriter | Underwriter | |
| Yearly salary | $81,313 | $61,751 |
| Hourly rate | $39.09 | $29.69 |
| Growth rate | -4% | -4% |
| Number of jobs | 52,926 | 8,510 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A health underwriter is faced with the responsibility of determining if an individual who has applied for a health insurance plan truly qualifies for it. This job is very important, as they will be tasked with ensuring that individuals do not only buy a health insurance plan when they are sick or require urgent medical attention. They may be responsible for choosing which risks a health insurance company will bear and the specific conditions in which clients' health will be covered.
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
Health underwriters and underwriters have different pay scales, as shown below.
| Health Underwriter | Underwriter | |
| Average salary | $81,313 | $61,751 |
| Salary range | Between $56,000 And $117,000 | Between $39,000 And $96,000 |
| Highest paying City | - | Boston, MA |
| Highest paying state | - | Massachusetts |
| Best paying company | - | |
| Best paying industry | - | Manufacturing |
There are a few differences between a health underwriter and an underwriter in terms of educational background:
| Health Underwriter | Underwriter | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between health underwriters' and underwriters' demographics:
| Health Underwriter | Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 40.3% Female, 59.7% | Male, 38.4% Female, 61.6% |
| Race ratio | Black or African American, 8.9% Unknown, 2.5% Hispanic or Latino, 10.1% Asian, 5.8% White, 72.3% American Indian and Alaska Native, 0.4% | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |