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Insurance coordinator hiring summary. Here are some key points about hiring insurance coordinators in the United States:
Here's a step-by-step insurance coordinator hiring guide:
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.
Before you post your insurance coordinator job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find an insurance coordinator for hire on a part-time basis or as a contractor.
An insurance coordinator's background is also an important factor in determining whether they'll be a good fit for the position. For example, insurance coordinators from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of insurance coordinators and their corresponding salaries.
| Type of Insurance Coordinator | Description | Hourly rate |
|---|---|---|
| Insurance Coordinator | Financial clerks do administrative work for many types of organizations. They keep records, help customers, and carry out financial transactions. | $12-19 |
| Scheduling Coordinator | A scheduling coordinator is responsible for arranging the calendars and managing the appointments of a senior employee. Scheduling coordinators keep a record of meetings, reminding the key personnel as well as other participants of any schedule adjustments and cancellations... Show more | $13-22 |
| Medication Coordinator | A medication care coordinator communicates on the job with basic knowledge of medical terminology and human anatomy to ensure that patient medication plans are correct. Medication care coordinators establish relationships with healthcare clinic partners... Show more | $13-29 |
Including a salary range in your insurance coordinator job description helps attract top candidates to the position. An insurance coordinator salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for an insurance coordinator in Kentucky may be lower than in New Hampshire, and an entry-level insurance coordinator usually earns less than a senior-level insurance coordinator. Additionally, an insurance coordinator with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $40,938 | $20 |
| 2 | Nevada | $39,690 | $19 |
| 3 | Massachusetts | $38,162 | $18 |
| 4 | New York | $37,939 | $18 |
| 5 | Colorado | $37,007 | $18 |
| 6 | Minnesota | $35,979 | $17 |
| 7 | Iowa | $33,190 | $16 |
| 8 | Texas | $32,971 | $16 |
| 9 | Illinois | $32,849 | $16 |
| 10 | Michigan | $31,125 | $15 |
| 11 | Georgia | $30,932 | $15 |
| 12 | New Jersey | $30,716 | $15 |
| 13 | Florida | $30,298 | $15 |
| 14 | Wisconsin | $30,245 | $15 |
| 15 | Kansas | $29,890 | $14 |
| 16 | Arizona | $29,857 | $14 |
| 17 | Missouri | $29,490 | $14 |
| 18 | Ohio | $29,069 | $14 |
| 19 | Indiana | $28,746 | $14 |
| 20 | Utah | $27,971 | $13 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | University of California-Berkeley | $41,661 | $20.03 | |
| 2 | New Seasons Market | $37,842 | $18.19 | 8 |
| 3 | Smile Design Dentistry | $36,555 | $17.57 | |
| 4 | Massachusetts General Hospital | $35,696 | $17.16 | |
| 5 | AssuredPartners | $35,009 | $16.83 | |
| 6 | BD | $35,009 | $16.83 | 1 |
| 7 | Hylant | $34,268 | $16.48 | 1 |
| 8 | Smile Brands | $34,173 | $16.43 | 21 |
| 9 | JRM Construction Management | $34,152 | $16.42 | 1 |
| 10 | Satellite Healthcare | $33,291 | $16.01 | |
| 11 | Fresenius Medical Care North America Holdings Limited Partnership | $33,266 | $15.99 | 42 |
| 12 | ExactCare Pharmacy | $33,092 | $15.91 | |
| 13 | National Financial Network | $33,016 | $15.87 | 6 |
| 14 | UC Health | $33,010 | $15.87 | 30 |
| 15 | Marsh & McLennan Companies | $32,855 | $15.80 | 17 |
| 16 | Children's Hospital of Philadelphia | $32,754 | $15.75 | 10 |
| 17 | Firstservice Residential California, Inc. | $32,709 | $15.73 | |
| 18 | ISN Software Corporation | $32,697 | $15.72 | |
| 19 | KidsCare Therapy | $32,688 | $15.72 | 1 |
| 20 | Fresenius Medical Care Windsor, LLC | $32,684 | $15.71 | 42 |
A job description for an insurance coordinator role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an insurance coordinator job description:
There are various strategies that you can use to find the right insurance coordinator for your business:
Recruiting insurance coordinators requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the insurance coordinator candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new insurance coordinator. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Hiring an insurance coordinator comes with both the one-time cost per hire and ongoing costs. The cost of recruiting insurance coordinators involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of insurance coordinator recruiting as well the ongoing costs of maintaining the new employee.
Insurance coordinators earn a median yearly salary is $32,788 a year in the US. However, if you're looking to find insurance coordinators for hire on a contract or per-project basis, hourly rates typically range between $12 and $19.