Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between insurance clerks and billing specialists 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 clerk, becoming a billing specialist takes usually requires 1-2 years. Additionally, a billing specialist has an average salary of $35,624, which is higher than the $33,089 average annual salary of an insurance clerk.
The top three skills for an insurance clerk include patients, insurance verification and data entry. The most important skills for a billing specialist are patients, customer service, and data entry.
| Insurance Clerk | Billing Specialist | |
| Yearly salary | $33,089 | $35,624 |
| Hourly rate | $15.91 | $17.13 |
| Growth rate | -3% | -3% |
| Number of jobs | 147,755 | 55,205 |
| Job satisfaction | 2 | - |
| Most common degree | High School Diploma, 29% | Bachelor's Degree, 31% |
| Average age | 44 | 46 |
| Years of experience | 4 | 2 |
An insurance clerk usually works to process insurance, reinstatement, changes, or cancellations for a company or an individual account. They are responsible for monitoring, processing, and organizing different insurance claims for a client. They usually work closely with the company's insurance agent to provide necessary information to process the clients' application. This career requires a broad knowledge of local and state insurance policies, good attention to detail, excellent communication skills, customer service skills, and administrative skills.
Billing specialists are accounting or finance employees who are responsible for sending out billing invoices to clients. They calculate charges that their clients have incurred. They then write bills, ensure that all details are correct, and send these out to clients. They also manage payment due dates and ensure that clients are duly reminded of such deadlines. Billing specialists also manage client accounts and ensure that they are paying on time. They help identify clients who have outstanding payables and send out collection notices to them. At times, billing specialists also manage the receipt of payments to manage account records better.
Insurance clerks and billing specialists have different pay scales, as shown below.
| Insurance Clerk | Billing Specialist | |
| Average salary | $33,089 | $35,624 |
| Salary range | Between $27,000 And $39,000 | Between $27,000 And $45,000 |
| Highest paying City | Henderson, NV | Washington, DC |
| Highest paying state | New Hampshire | Delaware |
| Best paying company | Lenoir Memorial Hospital | TIBCO Software |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an insurance clerk and a billing specialist in terms of educational background:
| Insurance Clerk | Billing Specialist | |
| Most common degree | High School Diploma, 29% | Bachelor's Degree, 31% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between insurance clerks' and billing specialists' demographics:
| Insurance Clerk | Billing Specialist | |
| Average age | 44 | 46 |
| Gender ratio | Male, 8.3% Female, 91.7% | Male, 12.7% Female, 87.3% |
| 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, 10.9% Unknown, 4.4% Hispanic or Latino, 19.2% Asian, 7.4% White, 57.3% American Indian and Alaska Native, 0.9% |
| LGBT Percentage | 11% | 7% |