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Insurance specialist vs insurance representative

The differences between insurance specialists and insurance representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance representative has an average salary of $35,958, 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 insurance representative are customer service, patients, and health insurance.

Insurance specialist vs insurance representative overview

Insurance SpecialistInsurance Representative
Yearly salary$34,281$35,958
Hourly rate$16.48$17.29
Growth rate-3%6%
Number of jobs98,59587,843
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 45%
Average age4446
Years of experience4-

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 representative do?

An insurance representative serves as a client's point of contact in insurance companies. Their responsibilities include researching client opportunities, reaching out to potential clients to offer products and services, discussing terms and policies, providing detailed advice, and assisting in every procedure, ensuring convenience and client satisfaction. Aside from securing sales, an insurance representative may also process applications and claims while adhering to the company's policies and regulations. Furthermore, they may also perform clerical tasks such as handling calls and correspondence, arranging appointments, and maintaining records of all transactions.

Insurance specialist vs insurance representative salary

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

Insurance SpecialistInsurance Representative
Average salary$34,281$35,958
Salary rangeBetween $27,000 And $42,000Between $29,000 And $44,000
Highest paying CityNew York, NYLacey, WA
Highest paying stateNew HampshireWashington
Best paying companyDeloitteSantander Bank
Best paying industryGovernmentFinance

Differences between insurance specialist and insurance representative education

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

Insurance SpecialistInsurance Representative
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Insurance specialist vs insurance representative demographics

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

Insurance SpecialistInsurance Representative
Average age4446
Gender ratioMale, 22.1% Female, 77.9%Male, 29.8% Female, 70.2%
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, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1%
LGBT Percentage11%7%

Differences between insurance specialist and insurance representative 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 representative example responsibilities.

  • Cold-Cal to generate leads for individual life and disability insurance and annuities.
  • Confer with AAA members to discuss options and plans for the insurance needs of family and services provide.
  • Promote AAA insurance to current, former, and potentially new customers by providing quality and accurate product knowledge.
  • Assist field agents with Medicare applications, review Medicaid state system regarding eligibility.
  • Review medical web sites and Medicare inquiry system to determine eligibility for Medicaid and other insurance policies.
  • Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
  • Show more

Insurance specialist vs insurance representative skills

Common insurance specialist skills
  • Patients, 18%
  • Customer Service, 11%
  • Insurance Coverage, 4%
  • Insurance Verification, 4%
  • Life Insurance, 4%
  • Data Entry, 4%
Common insurance representative skills
  • Customer Service, 18%
  • Patients, 16%
  • Health Insurance, 6%
  • Medicaid, 4%
  • Insurance Coverage, 4%
  • Data Entry, 4%

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