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The differences between insurance claims processors and claims managers 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 manager takes usually requires 4-6 years. Additionally, a claims manager has an average salary of $73,369, 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 manager are customer service, oversight, and litigation.
| Insurance Claims Processor | Claims Manager | |
| Yearly salary | $37,151 | $73,369 |
| Hourly rate | $17.86 | $35.27 |
| Growth rate | -3% | -6% |
| Number of jobs | 48,777 | 30,302 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 30% | Bachelor's Degree, 66% |
| Average age | 44 | 47 |
| 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.
A claims manager is an individual who works in an insurance-based firm and is responsible for managing the insurance claims department that is composed of examiners and adjusters. Claims managers are required to maintain claim files and reviewing these files as well as communicate with customers to follow up regarding issues they face with insurance claims. They must determine who is liable for the damage if there were other parties involved. Claims managers must also include an expert to assess the amount of damage and avoid insurance fraud.
Insurance claims processors and claims managers have different pay scales, as shown below.
| Insurance Claims Processor | Claims Manager | |
| Average salary | $37,151 | $73,369 |
| Salary range | Between $30,000 And $45,000 | Between $45,000 And $117,000 |
| Highest paying City | Eden Prairie, MN | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Accenture | Zurich |
| Best paying industry | Insurance | Insurance |
There are a few differences between an insurance claims processor and a claims manager in terms of educational background:
| Insurance Claims Processor | Claims Manager | |
| Most common degree | Bachelor's Degree, 30% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | - | California State University - Bakersfield |
Here are the differences between insurance claims processors' and claims managers' demographics:
| Insurance Claims Processor | Claims Manager | |
| Average age | 44 | 47 |
| Gender ratio | Male, 20.3% Female, 79.7% | Male, 47.9% Female, 52.1% |
| 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, 10.0% Unknown, 4.8% Hispanic or Latino, 17.1% Asian, 5.9% White, 61.5% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 11% | 8% |