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Insurance specialist vs insurance clerk

The differences between insurance specialists 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 specialist and an insurance clerk. Additionally, an insurance specialist has an average salary of $34,281, which is higher than the $33,089 average annual salary of an insurance clerk.

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

Insurance specialist vs insurance clerk overview

Insurance SpecialistInsurance Clerk
Yearly salary$34,281$33,089
Hourly rate$16.48$15.91
Growth rate-3%-3%
Number of jobs98,595147,755
Job satisfaction-2
Most common degreeBachelor's Degree, 42%High School Diploma, 29%
Average age4444
Years of experience44

What does an insurance specialist do?

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.

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 specialist vs insurance clerk salary

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

Insurance SpecialistInsurance Clerk
Average salary$34,281$33,089
Salary rangeBetween $27,000 And $42,000Between $27,000 And $39,000
Highest paying CityNew York, NYHenderson, NV
Highest paying stateNew HampshireNew Hampshire
Best paying companyDeloitteLenoir Memorial Hospital
Best paying industryGovernmentFinance

Differences between insurance specialist and insurance clerk education

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

Insurance SpecialistInsurance Clerk
Most common degreeBachelor's Degree, 42%High School Diploma, 29%
Most common majorBusinessBusiness
Most common college--

Insurance specialist vs insurance clerk demographics

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

Insurance SpecialistInsurance Clerk
Average age4444
Gender ratioMale, 22.1% Female, 77.9%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 specialist and insurance clerk duties and responsibilities

Insurance specialist example responsibilities.

  • Manage database by processing renewals and endorsements.
  • Maintain confidentiality and adhere HIPPA guidelines with handling patients' information
  • Make recommendations on operationalization and oversight of specific marketplace enrollment policies.
  • Verify various health insurance plan benefit information and eligibility for patients with chronic illnesses.
  • Identify third party patient eligibility for Medicaid, Medicare, private insurance and alternate resources.
  • Enter and prepare advanced beneficiary notices base on diagnosis and procedure codes for Medicare cover patients.
  • Show more

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 specialist vs insurance clerk skills

Common insurance specialist skills
  • Patients, 18%
  • Customer Service, 11%
  • Insurance Coverage, 4%
  • Insurance Verification, 4%
  • Life Insurance, 4%
  • Data Entry, 4%
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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