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The differences between insurance claims processors and insurance coordinators 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 claims processor and an insurance coordinator. Additionally, an insurance claims processor has an average salary of $37,151, which is higher than the $32,788 average annual salary of an insurance coordinator.
The top three skills for an insurance claims processor include data entry, customer service and medicaid. The most important skills for an insurance coordinator are patients, customer service, and insurance verification.
| Insurance Claims Processor | Insurance Coordinator | |
| Yearly salary | $37,151 | $32,788 |
| Hourly rate | $17.86 | $15.76 |
| Growth rate | -3% | -3% |
| Number of jobs | 48,777 | 108,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 30% | Bachelor's Degree, 36% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
An insurance coordinator is responsible for evaluating and validating insurance information to verify claims and process the necessary claims resolutions for parties. Insurance coordinators submit claims statements timely to the insurance officers for review, coordinate with the clients for inquiries and updates, and reach out to medical institutions for accurate filing of payments. An insurance coordinator must have excellent communication and analytical skills to assess reports, resolve claims discrepancies, and escalate high-level complaints to the officers for immediate action.
Insurance claims processors and insurance coordinators have different pay scales, as shown below.
| Insurance Claims Processor | Insurance Coordinator | |
| Average salary | $37,151 | $32,788 |
| Salary range | Between $30,000 And $45,000 | Between $25,000 And $41,000 |
| Highest paying City | Eden Prairie, MN | Oakland, CA |
| Highest paying state | Connecticut | New Hampshire |
| Best paying company | Accenture | University of California, Berkeley |
| Best paying industry | Insurance | Pharmaceutical |
There are a few differences between an insurance claims processor and an insurance coordinator in terms of educational background:
| Insurance Claims Processor | Insurance Coordinator | |
| Most common degree | Bachelor's Degree, 30% | Bachelor's Degree, 36% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance claims processors' and insurance coordinators' demographics:
| Insurance Claims Processor | Insurance Coordinator | |
| Average age | 44 | 44 |
| Gender ratio | Male, 20.3% Female, 79.7% | Male, 9.9% Female, 90.1% |
| 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, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |