Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between insurance processors and insurance verifiers 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 verifier. Additionally, an insurance verifier has an average salary of $33,450, 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 verifier are patients, insurance verification, and medical terminology.
| Insurance Processor | Insurance Verifier | |
| Yearly salary | $33,041 | $33,450 |
| Hourly rate | $15.89 | $16.08 |
| Growth rate | -3% | -3% |
| Number of jobs | 50,523 | 84,023 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 33% | Associate Degree, 25% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
An insurance verifier specializes in dealing with the billing process and patient claims. As the process begins, insurance verifiers look into patient insurance information and verify treatments that their policies cover. They call the insurance companies and send proper documentation to verify pre-approval for the required procedure. Eventually, the insurance verifiers work with insurance companies to bill them for the procedure. Their tasks may also include communicating with patients about benefits, coverage, and care authorization, and liaising with patients and providers to communicate their needs and current state.
Insurance processors and insurance verifiers have different pay scales, as shown below.
| Insurance Processor | Insurance Verifier | |
| Average salary | $33,041 | $33,450 |
| Salary range | Between $28,000 And $38,000 | Between $27,000 And $40,000 |
| Highest paying City | Leawood, KS | - |
| Highest paying state | Connecticut | - |
| Best paying company | Moore County Hospital District | - |
| Best paying industry | Finance | - |
There are a few differences between an insurance processor and an insurance verifier in terms of educational background:
| Insurance Processor | Insurance Verifier | |
| Most common degree | Bachelor's Degree, 33% | Associate Degree, 25% |
| Most common major | Business | Health Care Administration |
| Most common college | - | - |
Here are the differences between insurance processors' and insurance verifiers' demographics:
| Insurance Processor | Insurance Verifier | |
| Average age | 44 | 44 |
| Gender ratio | Male, 16.3% Female, 83.7% | Male, 10.5% Female, 89.5% |
| Race ratio | 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% | 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 Percentage | 11% | 11% |