Average Salary
$34,959
Average Salary
Job Growth Rate
-8%
Job Growth Rate
Job Openings
43,517
Job Openings

Insurance Collector Careers

Insurance collectors generally work for healthcare facilities and mediate between insurance companies and medical patients. They file insurance claims and follow through with the procedures until payment.

Working in this position, you will be responsible for appealing denied claims, fixing billing errors, and keeping records of insurance documents and filed claims. You will report to the collection manager and escalate tough or recurring issues to them.

A high school diploma is usually enough to get hired for this position, with training to complete on the job, which generally lasts a few months. You will need a thorough understanding of laws regulating insurance procedures. Great negotiating skills will also be necessary, as much will depend on your communication skills when it comes to hammering out fair deals for the patients you assist.

There is more than meets the eye when it comes to being an insurance collector. For example, did you know that they make an average of $16.81 an hour? That's $34,959 a year!

Between 2018 and 2028, the career is expected to grow -8% and produce -19,400 job opportunities across the U.S.

What Does an Insurance Collector Do

There are certain skills that many insurance collectors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed listening skills, negotiating skills and speaking skills.

When it comes to the most important skills required to be an insurance collector, we found that a lot of resumes listed 25.6% of insurance collectors included insurance companies, while 17.0% of resumes included medical records, and 5.6% of resumes included healthcare. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the insurance collector job title. But what industry to start with? Most insurance collectors actually find jobs in the health care and finance industries.

How To Become an Insurance Collector

If you're interested in becoming an insurance collector, one of the first things to consider is how much education you need. We've determined that 22.4% of insurance collectors have a bachelor's degree. In terms of higher education levels, we found that 2.0% of insurance collectors have master's degrees. Even though some insurance collectors have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an insurance collector. When we researched the most common majors for an insurance collector, we found that they most commonly earn associate degree degrees or bachelor's degree degrees. Other degrees that we often see on insurance collector resumes include high school diploma degrees or diploma degrees.

You may find that experience in other jobs will help you become an insurance collector. In fact, many insurance collector jobs require experience in a role such as customer service representative. Meanwhile, many insurance collectors also have previous career experience in roles such as cashier or account representative.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

Average Salary
$34,959
Average Salary
Job Growth Rate
-8%
Job Growth Rate
Job Openings
43,517
Job Openings

Insurance Collector Career Paths

Top Careers Before Insurance Collector

Cashier
8.0 %

Top Careers After Insurance Collector

Insurance Collector Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Insurance Collector

Insurance Collectors in America make an average salary of $34,959 per year or $17 per hour. The top 10 percent makes over $38,000 per year, while the bottom 10 percent under $31,000 per year.
Average Salary
$34,959
Find Your Salary Estimate
How much should you be earning as an Architect? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Medical Insurance Collector
Health Advocates
08/05/2021
$40,69708/05/2021
Medical Insurance Collector-Remote Nationwide
Unitedhealth Group
08/05/2021
$31,30508/05/2021
Health Insurance Collector
Beacon Hill Staffing Group, LLC
08/04/2021
$37,56608/04/2021
Medical Insurance Collector
Robert Half
08/04/2021
$39,65308/04/2021
Health Insurance Collector
Beacon Hill Staffing Group, LLC
07/11/2021
$37,56607/11/2021

Calculate your salary

Use Zippia's Salary Calculator to see how your pay matches up.

Insurance Collector Demographics

Gender

female

80.9 %

male

14.5 %

unknown

4.6 %

Ethnicity

White

58.6 %

Hispanic or Latino

22.1 %

Black or African American

12.6 %

Foreign Languages Spoken

Spanish

80.8 %

Swedish

3.8 %

French

3.8 %
Show More Insurance Collector Demographics

Insurance Collector Education

Majors

Business
24.5 %

Degrees

Associate

28.9 %

Bachelors

22.4 %

High School Diploma

19.0 %
Show More Insurance Collector Education Requirements

Online Courses For Insurance Collector That You May Like

Patient Safety
coursera

Preventable patient harms, including medical errors and healthcare-associated complications, are a global public health threat. Moreover, patients frequently do not receive treatments and interventions known to improve their outcomes. These shortcomings typically result not from individual clinicians' mistakes, but from systemic problems - communication breakdowns, poor teamwork, and poorly designed care processes, to name a few. The Patient Safety & Quality Leadership Specialization covers the...

Understanding Patient Perspectives on Medications
coursera

Inappropriate use of medicines harms patients' health and increases healthcare costs. When healthcare professionals and patients engage together, healthcare can be based on the patient perspective, so the use of medicines is better tailored to each patient's needs and preferences. The result is a better relationship between patients and healthcare professionals, more appropriate medicines use, improved patient outcomes, and reduced healthcare costs. In this course you will learn about the patien...

Accounting 101: How to read an Accounting Balance Sheet
udemy
4.5
(1,346)

Accounting 101: Non-Accountants' Guide to Accounting. Learn Accounting. Get Paid More, and Get Promoted Faster!...

See more
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Insurance Collector

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 25.6% of insurance collectors listed insurance companies on their resume, but soft skills such as listening skills and negotiating skills are important as well.

How Do Insurance Collector Rate Their Jobs?

Working as an Insurance Collector? Share your experience anonymously.
Rate
Do you work as an Insurance Collector?
Rate how you like work as Insurance Collector. It's anonymous and will only take a minute.
Rate

Top Insurance Collector Employers

1. Community Health Systems
4.8
Avg. Salary: 
$35,370
Insurance Collectors Hired: 
16+
2. lutheran hospital
4.2
Avg. Salary: 
$33,962
Insurance Collectors Hired: 
11+
3. Robert Half International
4.5
Avg. Salary: 
$35,934
Insurance Collectors Hired: 
11+
4. Central Ohio Primary Care
4.6
Avg. Salary: 
$35,821
Insurance Collectors Hired: 
10+
5. Lutheran Health Network
4.1
Avg. Salary: 
$35,095
Insurance Collectors Hired: 
9+
6. CHS
4.6
Avg. Salary: 
$35,967
Insurance Collectors Hired: 
7+

Insurance Collector Videos

Updated August 18, 2021