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The differences between insurance advisers and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance adviser has an average salary of $66,816, which is higher than the $33,043 average annual salary of an insurance verification specialist.
The top three skills for an insurance adviser include insurance sales, insurance options and annuities. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.
| Insurance Adviser | Insurance Verification Specialist | |
| Yearly salary | $66,816 | $33,043 |
| Hourly rate | $32.12 | $15.89 |
| Growth rate | 6% | 6% |
| Number of jobs | 47,713 | 71,688 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Associate Degree, 27% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Insurance advisers are professionals who represent an insurance company to sell insurance products to clients and earn commission on each policy that they sell. These advisers are required to align the company's insurance policies to the financial needs of each individual so that they can sell the maximum number of policies. They must oversee whether correct information is provided by their clients while explaining to them the relevance of the different parts of the proposal form. Insurance advisers must also help their clients get their claim settlements by showing them the correct process and completing the required documents.
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.
Insurance advisers and insurance verification specialists have different pay scales, as shown below.
| Insurance Adviser | Insurance Verification Specialist | |
| Average salary | $66,816 | $33,043 |
| Salary range | Between $43,000 And $103,000 | Between $28,000 And $37,000 |
| Highest paying City | Madison, WI | Madison, WI |
| Highest paying state | Wisconsin | New Hampshire |
| Best paying company | Salesforce | St. Luke's Cataract & Laser Institute |
| Best paying industry | - | Pharmaceutical |
There are a few differences between an insurance adviser and an insurance verification specialist in terms of educational background:
| Insurance Adviser | Insurance Verification Specialist | |
| Most common degree | Bachelor's Degree, 58% | Associate Degree, 27% |
| Most common major | Business | Health Care Administration |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance advisers' and insurance verification specialists' demographics:
| Insurance Adviser | Insurance Verification Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 11.4% Female, 88.6% |
| Race ratio | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% 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% |