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Insurance rater vs health insurance agent

The differences between insurance raters and health insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a health insurance agent has an average salary of $49,934, which is higher than the $33,455 average annual salary of an insurance rater.

The top three skills for an insurance rater include cancellations, commercial property and policy changes. The most important skills for a health insurance agent are HIPAA, health insurance, and customer service.

Insurance rater vs health insurance agent overview

Insurance RaterHealth Insurance Agent
Yearly salary$33,455$49,934
Hourly rate$16.08$24.01
Growth rate6%6%
Number of jobs36,345112,235
Job satisfaction--
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 50%
Average age4646
Years of experience--

Insurance rater vs health insurance agent salary

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

Insurance RaterHealth Insurance Agent
Average salary$33,455$49,934
Salary rangeBetween $27,000 And $40,000Between $34,000 And $72,000
Highest paying City-Tacoma, WA
Highest paying state-Alaska
Best paying company-DialAmerica
Best paying industry-Finance

Differences between insurance rater and health insurance agent education

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

Insurance RaterHealth Insurance Agent
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 50%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Insurance rater vs health insurance agent demographics

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

Insurance RaterHealth Insurance Agent
Average age4646
Gender ratioMale, 17.1% Female, 82.9%Male, 43.5% Female, 56.5%
Race ratioBlack or African American, 9.8% Unknown, 3.6% Hispanic or Latino, 15.1% Asian, 5.0% White, 66.3% 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 rater and health insurance agent duties and responsibilities

Insurance rater example responsibilities.

  • Cold-Cal to generate leads for individual life and disability insurance and annuities.
  • Maintain ISO manuals for branch office.
  • Complete weekly reports process changes, cancellations and discuss customer accounts issues regarding payroll deductions and problem solving.
  • Interpret issuance and rating instructions for new business, renewals, policy endorsements, and cancellations for small and middle market.
  • Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
  • Process Medicare supplemental claims with high quality and quantity performance ratings.

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.
  • Show more

Insurance rater vs health insurance agent skills

Common insurance rater skills
  • Cancellations, 58%
  • Commercial Property, 15%
  • Policy Changes, 10%
  • Audit Transactions, 10%
  • Workers Compensation, 4%
  • Premium Charges, 3%
Common health insurance agent skills
  • HIPAA, 57%
  • Health Insurance, 11%
  • Customer Service, 8%
  • Health Insurance Products, 3%
  • Health Insurance Sales, 2%
  • Inbound Calls, 2%