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The differences between insurance agents and insurance verification specialists 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 $33,043 average annual salary of an insurance verification specialist.
The top three skills for an insurance agent include customer service, insurance sales and health insurance. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.
| Insurance Agent | Insurance Verification Specialist | |
| Yearly salary | $51,936 | $33,043 |
| Hourly rate | $24.97 | $15.89 |
| Growth rate | 6% | 6% |
| Number of jobs | 67,977 | 71,688 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 53% | Associate Degree, 27% |
| Average age | 46 | 46 |
| Years of experience | - | - |
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.
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 agents and insurance verification specialists have different pay scales, as shown below.
| Insurance Agent | Insurance Verification Specialist | |
| Average salary | $51,936 | $33,043 |
| Salary range | Between $30,000 And $88,000 | Between $28,000 And $37,000 |
| Highest paying City | New York, NY | Madison, WI |
| Highest paying state | Hawaii | New Hampshire |
| Best paying company | Z Capital Group | St. Luke's Cataract & Laser Institute |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between an insurance agent and an insurance verification specialist in terms of educational background:
| Insurance Agent | Insurance Verification Specialist | |
| Most common degree | Bachelor's Degree, 53% | 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 agents' and insurance verification specialists' demographics:
| Insurance Agent | Insurance Verification Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 51.6% Female, 48.4% | Male, 11.4% Female, 88.6% |
| Race ratio | Black 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, 9.3% 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% |