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Insurance assistant vs insurance processor

The differences between insurance assistants and insurance processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an insurance assistant and an insurance processor. Additionally, an insurance assistant has an average salary of $35,308, which is higher than the $33,041 average annual salary of an insurance processor.

The top three skills for an insurance assistant include endorsements, data entry and customer service. The most important skills for an insurance processor are data entry, customer service, and phone calls.

Insurance assistant vs insurance processor overview

Insurance AssistantInsurance Processor
Yearly salary$35,308$33,041
Hourly rate$16.98$15.89
Growth rate-3%-3%
Number of jobs34,57950,523
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 33%
Average age4444
Years of experience44

What does an insurance assistant do?

Insurance assistants work alongside insurance agents to gather information from clients, maintain insurance records, prepare documentation, handle mail and correspondence, calculate insurance premiums and awards, and recommend claim actions. Qualifications like good communication and negotiation skills, customer service orientation, research skills, and attention to detail are required for this position.

What does an insurance processor do?

Insurance Processors deal with the processing of insurance applications, amendments of policies, changes, and cancellations. An Insurance Processor works with the client to choose the best insurance package and advise them on how to maximize their benefits. Clients need to understand the insurance process by answering inquiries. It is also essential that an Insurance Processor work hand in hand with the client, guiding them through the process, explaining all crucial parts of the insurance to establish trust in you and the company.

Insurance assistant vs insurance processor salary

Insurance assistants and insurance processors have different pay scales, as shown below.

Insurance AssistantInsurance Processor
Average salary$35,308$33,041
Salary rangeBetween $29,000 And $42,000Between $28,000 And $38,000
Highest paying City-Leawood, KS
Highest paying state-Connecticut
Best paying company-Moore County Hospital District
Best paying industry-Finance

Differences between insurance assistant and insurance processor education

There are a few differences between an insurance assistant and an insurance processor in terms of educational background:

Insurance AssistantInsurance Processor
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 33%
Most common majorBusinessBusiness
Most common college--

Insurance assistant vs insurance processor demographics

Here are the differences between insurance assistants' and insurance processors' demographics:

Insurance AssistantInsurance Processor
Average age4444
Gender ratioMale, 18.8% Female, 81.2%Male, 16.3% Female, 83.7%
Race ratioBlack or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage11%11%

Differences between insurance assistant and insurance processor duties and responsibilities

Insurance assistant example responsibilities.

  • Cold-Cal to generate leads for individual life and disability insurance and annuities.
  • Analyze Medicaid models, Medicare and HIPAA transaction documents.
  • Assign ICD-9 and CPT codes to office visit and inpatient and outpatient procedures.
  • Process electronic claims, pre-existing and subrogation investigation, point of service, and PPO and HMO processing.
  • Train staff on billing software in regards to CPT codes and pricing, submission procedures, and industry regulations.
  • Perform verification of Medicare and Medicaid coverage and limits.
  • Show more

Insurance processor example responsibilities.

  • Manage database by processing renewals and endorsements.
  • Input and process all dental claims, through electronic and paper submission, to private insurance companies and Medicaid.
  • Maintain patient privacy and confidentiality complaint with HIPPA regulations.
  • Work directly with mortgage lenders and foreclosure attorneys to negotiate timely and cost effective repayment plans or modifications for delinquent loans.
  • Handle a substantial amount of Allstate customers, third party carriers, and others who need assistance to file a claim.

Insurance assistant vs insurance processor skills

Common insurance assistant skills
  • Endorsements, 13%
  • Data Entry, 10%
  • Customer Service, 9%
  • Insurance Policies, 8%
  • Photocopying, 5%
  • Loss Runs, 4%
Common insurance processor skills
  • Data Entry, 18%
  • Customer Service, 12%
  • Phone Calls, 9%
  • Outbound Calls, 9%
  • Insurance Claims, 6%
  • Insurance Coverage, 5%

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