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The differences between health underwriters and underwriting consultants 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 $71,693 average annual salary of an underwriting consultant.
The top three skills for a health underwriter include underwriting guidelines, medical history and risk assessments. The most important skills for an underwriting consultant are life insurance, national accounts, and underwriting guidelines.
| Health Underwriter | Underwriting Consultant | |
| Yearly salary | $81,313 | $71,693 |
| Hourly rate | $39.09 | $34.47 |
| Growth rate | -4% | -4% |
| Number of jobs | 52,926 | 6,804 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 77% |
| 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 underwriting consultant is an individual who provides underwriting guidelines to underwriters as well as coordinates revision of the underwriting manual. Underwriting consultants are required to handle complex cases and situations by using their strong knowledge of company services, product standards, and underwriting policies. They must use their verbal and written communication skills to guide the account management team across several business segments. Underwriting consultants must also assist with special projects and handle confidential matters assigned by the senior consultant or manager.
Health underwriters and underwriting consultants have different pay scales, as shown below.
| Health Underwriter | Underwriting Consultant | |
| Average salary | $81,313 | $71,693 |
| Salary range | Between $56,000 And $117,000 | Between $49,000 And $103,000 |
| Highest paying City | - | Boston, MA |
| Highest paying state | - | Massachusetts |
| Best paying company | - | CVS Health |
| Best paying industry | - | Health Care |
There are a few differences between a health underwriter and an underwriting consultant in terms of educational background:
| Health Underwriter | Underwriting Consultant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 77% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between health underwriters' and underwriting consultants' demographics:
| Health Underwriter | Underwriting Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 40.3% Female, 59.7% | Male, 48.2% Female, 51.8% |
| 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, 9.1% Unknown, 2.5% Hispanic or Latino, 9.7% Asian, 5.7% White, 72.8% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |