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Insurance agent vs health insurance agent

The differences between insurance agents and health insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance agent has an average salary of $51,936, which is higher than the $49,934 average annual salary of a health insurance agent.

The top three skills for an insurance agent include customer service, insurance sales and health insurance. The most important skills for a health insurance agent are HIPAA, health insurance, and customer service.

Insurance agent vs health insurance agent overview

Insurance AgentHealth Insurance Agent
Yearly salary$51,936$49,934
Hourly rate$24.97$24.01
Growth rate6%6%
Number of jobs67,977112,235
Job satisfaction5-
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 50%
Average age4646
Years of experience--

What does an insurance agent do?

An insurance agent is responsible for inviting potential clients to the insurance company by offering different insurance services. Insurance agents must have a comprehensive knowledge of insurance types to provide the clients with the best insurance option in the market. The insurance agents should evaluate a client's long-term needs and financial goals to create individual packages as the insurance company allowed. An insurance agent also handles policy renewals and keeps customers' insurance files for reference.

What does a health insurance agent do?

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.

Insurance agent vs health insurance agent salary

Insurance agents and health insurance agents have different pay scales, as shown below.

Insurance AgentHealth Insurance Agent
Average salary$51,936$49,934
Salary rangeBetween $30,000 And $88,000Between $34,000 And $72,000
Highest paying CityNew York, NYTacoma, WA
Highest paying stateHawaiiAlaska
Best paying companyZ Capital GroupDialAmerica
Best paying industryFinanceFinance

Differences between insurance agent and health insurance agent education

There are a few differences between an insurance agent and a health insurance agent in terms of educational background:

Insurance AgentHealth Insurance Agent
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 50%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Insurance agent vs health insurance agent demographics

Here are the differences between insurance agents' and health insurance agents' demographics:

Insurance AgentHealth Insurance Agent
Average age4646
Gender ratioMale, 51.6% Female, 48.4%Male, 43.5% Female, 56.5%
Race ratioBlack or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%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%
LGBT Percentage7%7%

Differences between insurance agent and health insurance agent duties and responsibilities

Insurance agent example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Maintain personal and confidential Medicare & Medicaid customer information following all HIPAA.
  • Follow all applicable HIPPA and privacy regulations.
  • Explain medical plans to Medicare / Medicaid eligible clients to ensure best fit.
  • Identify and solicit sales prospects in agency database and in the general marketplace.
  • Develop productive business relationships with key marketplace players by identifying the right products and services.
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Health insurance agent example responsibilities.

  • Manage communication points between corporate advisers, providers and patients for medical service advisory requests.
  • Sold/Enrol individuals in ACA health plans over the phone by making cold calls on a daily basses.
  • Explain healthcare benefits cover by major insurance carriers under the ACA.
  • Post CPT codes and ICD-9 codes for every patient at check-out.
  • Verify clients' eligibility and check clients' status within CMS and UHC system.
  • Initiate appeals process on behalf of members, and assist with online web portal services.
  • Show more

Insurance agent vs health insurance agent skills

Common insurance agent skills
  • Customer Service, 25%
  • Insurance Sales, 8%
  • Health Insurance, 6%
  • Life Insurance Products, 6%
  • Financial Resources, 6%
  • Auto Insurance, 5%
Common health insurance agent skills
  • HIPAA, 57%
  • Health Insurance, 11%
  • Customer Service, 8%
  • Health Insurance Products, 3%
  • Health Insurance Sales, 2%
  • Inbound Calls, 2%