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Insurance processor vs insurance clerk

The differences between insurance processors and insurance clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an insurance processor and an insurance clerk. Additionally, an insurance clerk has an average salary of $33,089, which is higher than the $33,041 average annual salary of an insurance processor.

The top three skills for an insurance processor include data entry, customer service and phone calls. The most important skills for an insurance clerk are patients, insurance verification, and data entry.

Insurance processor vs insurance clerk overview

Insurance ProcessorInsurance Clerk
Yearly salary$33,041$33,089
Hourly rate$15.89$15.91
Growth rate-3%-3%
Number of jobs50,523147,755
Job satisfaction-2
Most common degreeBachelor's Degree, 33%High School Diploma, 29%
Average age4444
Years of experience44

What does an insurance processor do?

Insurance Processors deal with the processing of insurance applications, amendments of policies, changes, and cancellations. An Insurance Processor works with the client to choose the best insurance package and advise them on how to maximize their benefits. Clients need to understand the insurance process by answering inquiries. It is also essential that an Insurance Processor work hand in hand with the client, guiding them through the process, explaining all crucial parts of the insurance to establish trust in you and the company.

What does an insurance clerk do?

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.

Insurance processor vs insurance clerk salary

Insurance processors and insurance clerks have different pay scales, as shown below.

Insurance ProcessorInsurance Clerk
Average salary$33,041$33,089
Salary rangeBetween $28,000 And $38,000Between $27,000 And $39,000
Highest paying CityLeawood, KSHenderson, NV
Highest paying stateConnecticutNew Hampshire
Best paying companyMoore County Hospital DistrictLenoir Memorial Hospital
Best paying industryFinanceFinance

Differences between insurance processor and insurance clerk education

There are a few differences between an insurance processor and an insurance clerk in terms of educational background:

Insurance ProcessorInsurance Clerk
Most common degreeBachelor's Degree, 33%High School Diploma, 29%
Most common majorBusinessBusiness
Most common college--

Insurance processor vs insurance clerk demographics

Here are the differences between insurance processors' and insurance clerks' demographics:

Insurance ProcessorInsurance Clerk
Average age4444
Gender ratioMale, 16.3% Female, 83.7%Male, 8.3% Female, 91.7%
Race ratioBlack 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, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage11%11%

Differences between insurance processor and insurance clerk duties and responsibilities

Insurance processor example responsibilities.

  • Manage database by processing renewals and endorsements.
  • Input and process all dental claims, through electronic and paper submission, to private insurance companies and Medicaid.
  • Maintain patient privacy and confidentiality complaint with HIPPA regulations.
  • Work directly with mortgage lenders and foreclosure attorneys to negotiate timely and cost effective repayment plans or modifications for delinquent loans.
  • Handle a substantial amount of Allstate customers, third party carriers, and others who need assistance to file a claim.

Insurance clerk example responsibilities.

  • Manage front office check-in, insurance verification and certifications from doctors.
  • Establish and implement procedures for completion of patient super bills with proper diagnostic coding utilizing ICD-9 and CPT code manuals.
  • Maintain patient medical records insuring diagnosis codes (ICD-9) are itemized correctly and name and address of insurance carriers record.
  • Schedule and obtain authorization for outpatient procedures for patients via private insurance, worker's compensation, and Medicare/ Medicaid.
  • Complete several ICD-10 training courses.
  • Perform medical coding with most accurate and descriptive HCPCS code.
  • Show more

Insurance processor vs insurance clerk skills

Common insurance processor skills
  • Data Entry, 18%
  • Customer Service, 12%
  • Phone Calls, 9%
  • Outbound Calls, 9%
  • Insurance Claims, 6%
  • Insurance Coverage, 5%
Common insurance clerk skills
  • Patients, 25%
  • Insurance Verification, 7%
  • Data Entry, 7%
  • Customer Service, 6%
  • Insurance Coverage, 5%
  • Computer System, 3%

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