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The differences between insurance claims processors and claims coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an insurance claims processor, becoming a claims coordinator takes usually requires 4-6 years. Additionally, a claims coordinator has an average salary of $38,620, which is higher than the $37,151 average annual salary of an insurance claims processor.
The top three skills for an insurance claims processor include data entry, customer service and medicaid. The most important skills for a claims coordinator are customer service, patients, and data entry.
| Insurance Claims Processor | Claims Coordinator | |
| Yearly salary | $37,151 | $38,620 |
| Hourly rate | $17.86 | $18.57 |
| Growth rate | -3% | -6% |
| Number of jobs | 48,777 | 27,332 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 30% | Bachelor's Degree, 48% |
| Average age | 44 | 44 |
| Years of experience | 4 | 6 |
A claims processor usually works in health or property insurance claims. They are responsible for processing and evaluating the claim forms, monitoring and verifying information, and closely communicating with the company's clients, beneficiaries, and agents. Also, they handle queries and comments, calculate possible claims, and process of various payments. They also need to ensure all insurance company guidelines and policies are adhered to in order to avoid discrepancies, issues, and other problems regarding a client's claims.
Claims coordinators are professionals who are responsible for coordinating activities that are related to handling and processing insurance claims for an organization. These coordinators must serve as liaison officer between the organization, insurance provider, and policyholders to communicate the status and eligibility for coverage for all relevant claims. They need to ensure that billing requirements are met by reviewing insurance claims. Claims coordinators must also answer all the inquiries of their clients while making recommendations to resolve any claim issues.
Insurance claims processors and claims coordinators have different pay scales, as shown below.
| Insurance Claims Processor | Claims Coordinator | |
| Average salary | $37,151 | $38,620 |
| Salary range | Between $30,000 And $45,000 | Between $31,000 And $47,000 |
| Highest paying City | Eden Prairie, MN | Federal Way, WA |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Accenture | Xcel Energy |
| Best paying industry | Insurance | Finance |
There are a few differences between an insurance claims processor and a claims coordinator in terms of educational background:
| Insurance Claims Processor | Claims Coordinator | |
| Most common degree | Bachelor's Degree, 30% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance claims processors' and claims coordinators' demographics:
| Insurance Claims Processor | Claims Coordinator | |
| Average age | 44 | 44 |
| Gender ratio | Male, 20.3% Female, 79.7% | Male, 24.6% Female, 75.4% |
| Race ratio | 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% | Black or African American, 11.2% Unknown, 4.4% Hispanic or Latino, 17.0% Asian, 5.3% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |