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Insurance counselor vs insurance verification specialist

The differences between insurance counselors and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance counselor has an average salary of $71,172, which is higher than the $33,043 average annual salary of an insurance verification specialist.

The top three skills for an insurance counselor include insurance coverage, patients and litigation. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.

Insurance counselor vs insurance verification specialist overview

Insurance CounselorInsurance Verification Specialist
Yearly salary$71,172$33,043
Hourly rate$34.22$15.89
Growth rate6%6%
Number of jobs63,57571,688
Job satisfaction--
Most common degreeBachelor's Degree, 55%Associate Degree, 27%
Average age4646
Years of experience--

Insurance counselor vs insurance verification specialist salary

Insurance counselors and insurance verification specialists have different pay scales, as shown below.

Insurance CounselorInsurance Verification Specialist
Average salary$71,172$33,043
Salary rangeBetween $40,000 And $124,000Between $28,000 And $37,000
Highest paying City-Madison, WI
Highest paying state-New Hampshire
Best paying company-St. Luke's Cataract & Laser Institute
Best paying industry-Pharmaceutical

Differences between insurance counselor and insurance verification specialist education

There are a few differences between an insurance counselor and an insurance verification specialist in terms of educational background:

Insurance CounselorInsurance Verification Specialist
Most common degreeBachelor's Degree, 55%Associate Degree, 27%
Most common majorBusinessHealth Care Administration
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Insurance counselor vs insurance verification specialist demographics

Here are the differences between insurance counselors' and insurance verification specialists' demographics:

Insurance CounselorInsurance Verification Specialist
Average age4646
Gender ratioMale, 36.8% Female, 63.2%Male, 11.4% Female, 88.6%
Race ratioBlack or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1%Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.1% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between insurance counselor and insurance verification specialist duties and responsibilities

Insurance counselor example responsibilities.

  • Assist Florida Medicaid recipients with manage care choices.
  • Cold-Cal to generate leads for individual life and disability insurance and annuities.
  • Promote other AAA services, including travel, automobile club, and financial services.
  • Assist in the cross-selling of other financial products (credit cards, extend warranties and AAA membership).
  • Assist in prescription processing, process prescription insurance claims, administer immunizations and counsel patients on medications
  • Provide timely assessments and guidance to patients regarding their insurance and ensure insurance relate issues are resolved.
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Insurance verification specialist example responsibilities.

  • Check CPT and ICD-10 codes with LCD and policies from multiple insurance companies to make sure procedures will be paid.
  • Support the patient privacy/confidentiality policies and regulations under HIPAA for patients and their medical records.
  • Confirm correct charges base on HCPCS codes.
  • Assist callers as well with questions about their benefits, terms and conditions of medical plans, appeals and grievances.
  • Provide medical record support in the absence of EMR: assist clinics and hospitals in obtaining medical records in appropriate format.
  • Document outbound communication from providers and veterans.
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Insurance counselor vs insurance verification specialist skills

Common insurance counselor skills
  • Insurance Coverage, 19%
  • Patients, 18%
  • Litigation, 10%
  • Medicaid, 7%
  • Medicare, 6%
  • Payment Arrangements, 6%
Common insurance verification specialist skills
  • Patients, 25%
  • Insurance Verification, 15%
  • Customer Service, 7%
  • Insurance Eligibility, 5%
  • Data Entry, 4%
  • Medical Terminology, 4%