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Insurance consultant vs health insurance agent

The differences between insurance consultants and health insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance consultant has an average salary of $68,670, which is higher than the $49,934 average annual salary of a health insurance agent.

The top three skills for an insurance consultant include insurance products, powerpoint and term care. The most important skills for a health insurance agent are HIPAA, health insurance, and customer service.

Insurance consultant vs health insurance agent overview

Insurance ConsultantHealth Insurance Agent
Yearly salary$68,670$49,934
Hourly rate$33.01$24.01
Growth rate6%6%
Number of jobs42,383112,235
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 50%
Average age4646
Years of experience--

What does an insurance consultant do?

An insurance consultant works at insurance companies where they are primarily in charge of reviewing and assessing client requirements to match them with the insurance package that fits their needs and financial capabilities. It is also their responsibility to verify client information, conduct research and analyses, perform risk assessments, issue insurance quotations, and process insurance claims. An insurance consultant also assists clients by answering inquiries, helping them understand every procedure, recommending options, and solving issues and concerns should there be any.

What does a health insurance agent do?

Health Insurance Agents are salespeople whose primary product is health insurance. Insurance companies hire them to reach sales targets. They are trained to sell insurance to individuals or groups of people. They are expected to be familiar with all the products of the company. Health Insurance Agents should assess their clients' needs and recommend the best health insurance product that fits their needs. They should be able to explain the product's features and answer any inquiries that the clients may have. Health Insurance Agents should also know how to compute insurance premiums and estimate payouts.

Insurance consultant vs health insurance agent salary

Insurance consultants and health insurance agents have different pay scales, as shown below.

Insurance ConsultantHealth Insurance Agent
Average salary$68,670$49,934
Salary rangeBetween $44,000 And $105,000Between $34,000 And $72,000
Highest paying CitySeattle, WATacoma, WA
Highest paying stateWashingtonAlaska
Best paying companyAIGDialAmerica
Best paying industryMediaFinance

Differences between insurance consultant and health insurance agent education

There are a few differences between an insurance consultant and a health insurance agent in terms of educational background:

Insurance ConsultantHealth Insurance Agent
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 50%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Insurance consultant vs health insurance agent demographics

Here are the differences between insurance consultants' and health insurance agents' demographics:

Insurance ConsultantHealth Insurance Agent
Average age4646
Gender ratioMale, 54.4% Female, 45.6%Male, 43.5% Female, 56.5%
Race ratioBlack or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.7% American Indian and Alaska Native, 0.1%Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.5% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between insurance consultant and health insurance agent duties and responsibilities

Insurance consultant example responsibilities.

  • Manage civil litigation matters such as general and complex litigation.
  • Advise clients with financial planning using annuities and UL products.
  • Represent the office at Medicare and Medicaid meetings to be inform of any changes.
  • Use excellent presentation skills to conduct group sessions to eligible Medicare and Medicaid individuals.
  • Represent multiple carriers offering life, disability, mortgage protection, final expense and annuities.
  • General resource to partnership on property and casualty matters, insurance policy contract review allowing partners to successfully negotiate litigation matters.
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Health insurance agent example responsibilities.

  • Manage communication points between corporate advisers, providers and patients for medical service advisory requests.
  • Sold/Enrol individuals in ACA health plans over the phone by making cold calls on a daily basses.
  • Explain healthcare benefits cover by major insurance carriers under the ACA.
  • Post CPT codes and ICD-9 codes for every patient at check-out.
  • Verify clients' eligibility and check clients' status within CMS and UHC system.
  • Initiate appeals process on behalf of members, and assist with online web portal services.
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Insurance consultant vs health insurance agent skills

Common insurance consultant skills
  • Insurance Products, 13%
  • PowerPoint, 12%
  • Term Care, 9%
  • Casualty Insurance, 9%
  • Customer Service, 7%
  • Health Insurance, 6%
Common health insurance agent skills
  • HIPAA, 57%
  • Health Insurance, 11%
  • Customer Service, 8%
  • Health Insurance Products, 3%
  • Health Insurance Sales, 2%
  • Inbound Calls, 2%