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The differences between insurance specialists and authorization specialists 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 specialist and an authorization specialist. Additionally, an authorization specialist has an average salary of $36,518, which is higher than the $34,281 average annual salary of an insurance specialist.
The top three skills for an insurance specialist include patients, customer service and insurance coverage. The most important skills for an authorization specialist are patients, customer service, and insurance verification.
| Insurance Specialist | Authorization Specialist | |
| Yearly salary | $34,281 | $36,518 |
| Hourly rate | $16.48 | $17.56 |
| Growth rate | -3% | -4% |
| Number of jobs | 98,595 | 71,831 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 42% | Bachelor's Degree, 33% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
An insurance specialist is an individual responsible for interpreting insurance plans and providing risk management advice to clients and wealth managers. Insurance specialists must have a full understanding of risk management to craft a comprehensive solution that integrates well with the client's portfolio. They need to manage their clients' accounts and should maintain contact with clients after the application process. Insurance specialists must ensure that government insurance programs comply with federal laws, regulations, and contracts within the healthcare industry.
An authorization specialist is responsible for reviewing insurance claims and determining the necessary settlement for the clients and involved parties. Authorization specialists file documents and gather the required information for further investigation and analysis. They coordinate with the insurance agency and the medical institution and ensure that the correct communications are being sent out for reference. An authorization specialist must have excellent communication and organizational skills, especially in writing authorization requests and resolve claims timely and efficiently.
Insurance specialists and authorization specialists have different pay scales, as shown below.
| Insurance Specialist | Authorization Specialist | |
| Average salary | $34,281 | $36,518 |
| Salary range | Between $27,000 And $42,000 | Between $28,000 And $47,000 |
| Highest paying City | New York, NY | Milford, MA |
| Highest paying state | New Hampshire | Massachusetts |
| Best paying company | Deloitte | Guidehouse |
| Best paying industry | Government | Health Care |
There are a few differences between an insurance specialist and an authorization specialist in terms of educational background:
| Insurance Specialist | Authorization Specialist | |
| Most common degree | Bachelor's Degree, 42% | Bachelor's Degree, 33% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between insurance specialists' and authorization specialists' demographics:
| Insurance Specialist | Authorization Specialist | |
| Average age | 44 | 40 |
| Gender ratio | Male, 22.1% Female, 77.9% | Male, 15.4% Female, 84.6% |
| 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, 10.8% Unknown, 5.5% Hispanic or Latino, 22.6% Asian, 6.9% White, 53.6% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 11% | 7% |