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Insurance assistant vs medical claims processor

The differences between insurance assistants and medical claims 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 a medical claims processor. Additionally, a medical claims processor has an average salary of $36,777, which is higher than the $35,308 average annual salary of an insurance assistant.

The top three skills for an insurance assistant include endorsements, data entry and customer service. The most important skills for a medical claims processor are patients, healthcare, and data entry.

Insurance assistant vs medical claims processor overview

Insurance AssistantMedical Claims Processor
Yearly salary$35,308$36,777
Hourly rate$16.98$17.68
Growth rate-3%-3%
Number of jobs34,57959,992
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 29%
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 a medical claims processor do?

A medical claims processor has working knowledge of medical billing and coding. The qualifications for this position include knowledge of current procedural terminology (CPT) and international classification of diseases (ICD) coding systems. They are responsible for processing claims forms, adjudicating the allocation of deductibles and copays, and following through with adjudication policies to facilitate proper payment of claims.

Insurance assistant vs medical claims processor salary

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

Insurance AssistantMedical Claims Processor
Average salary$35,308$36,777
Salary rangeBetween $29,000 And $42,000Between $29,000 And $45,000
Highest paying City-Dover, DE
Highest paying state-Delaware
Best paying company-Cognizant
Best paying industry-Government

Differences between insurance assistant and medical claims processor education

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

Insurance AssistantMedical Claims Processor
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 29%
Most common majorBusinessBusiness
Most common college--

Insurance assistant vs medical claims processor demographics

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

Insurance AssistantMedical Claims Processor
Average age4444
Gender ratioMale, 18.8% Female, 81.2%Male, 16.0% Female, 84.0%
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 medical claims 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

Medical claims processor example responsibilities.

  • Enter UB 92 and 1500 HCFA medical claims into computer system manage and process insurance claims.
  • Manage cases by aggressively directing the litigation process.
  • Submit medical claims to commercial insurance companies, Medicare, and Medicaid for payment with use of ICD-9 and CPT coding.
  • Review and verify patient account information against insurance program specifications, analyze surgical procedures and diagnoses using CPT-4 and ICD-9 codes.
  • Acknowledge and enforces confidentiality in alignment with (HIPPA) guidelines.
  • Audit encounters and ICD-10 codes to ensure correct coding and maximum reimbursement.
  • Show more

Insurance assistant vs medical claims processor skills

Common insurance assistant skills
  • Endorsements, 13%
  • Data Entry, 10%
  • Customer Service, 9%
  • Insurance Policies, 8%
  • Photocopying, 5%
  • Loss Runs, 4%
Common medical claims processor skills
  • Patients, 13%
  • Healthcare, 10%
  • Data Entry, 10%
  • Medical Insurance Claims, 9%
  • Medical Terminology, 6%
  • Customer Service, 3%

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