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Insurance underwriter vs certified medical technician

The differences between insurance underwriters and certified medical technicians can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance underwriter has an average salary of $64,163, which is higher than the $38,859 average annual salary of a certified medical technician.

The top three skills for an insurance underwriter include health insurance, insurance underwriting and insurance coverage. The most important skills for a certified medical technician are patients, vital signs, and CPR.

Insurance underwriter vs certified medical technician overview

Insurance UnderwriterCertified Medical Technician
Yearly salary$64,163$38,859
Hourly rate$30.85$18.68
Growth rate-4%5%
Number of jobs39,026164,424
Job satisfaction3-
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 28%
Average age4444
Years of experience-12

What does an insurance underwriter do?

An insurance underwriter specializes in identifying and assessing financial risks in insurance policies. It is their duty to gather and review insurance applications, understand the coverage of policies and claims, determine a client's ability to uphold financial obligations by studying their personal information, and develop strategies to prevent the impact of risks and financial losses. They may also negotiate with external parties while adhering to the company's rules and regulations. Moreover, there are instances when an insurance underwriter must produce progress reports and presentations for managers and executives.

What does a certified medical technician do?

Certified Medical Technicians are specialists in medical diagnoses by performing laboratory testing and analysis for hospitals and physicians. Their duties include lab sanitization to prepare for testing and collection, recording medical samples for testing, specimen preparation, blood drawing for donation and testing, and assisting physicians with sample collection as well as equipment handling in surgical rooms. They must also understand how to use complex and sensitive testing equipment such as cell counters, analyzers, microscopes, and centrifuges.

Insurance underwriter vs certified medical technician salary

Insurance underwriters and certified medical technicians have different pay scales, as shown below.

Insurance UnderwriterCertified Medical Technician
Average salary$64,163$38,859
Salary rangeBetween $35,000 And $116,000Between $28,000 And $53,000
Highest paying CityHartford, CTDenton, TX
Highest paying stateConnecticutAlaska
Best paying companyCitiFavorite Healthcare Staffing
Best paying industry-Health Care

Differences between insurance underwriter and certified medical technician education

There are a few differences between an insurance underwriter and a certified medical technician in terms of educational background:

Insurance UnderwriterCertified Medical Technician
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 28%
Most common majorBusinessNursing
Most common collegeUniversity of PennsylvaniaUniversity of Connecticut

Insurance underwriter vs certified medical technician demographics

Here are the differences between insurance underwriters' and certified medical technicians' demographics:

Insurance UnderwriterCertified Medical Technician
Average age4444
Gender ratioMale, 33.4% Female, 66.6%Male, 20.4% Female, 79.6%
Race ratioBlack or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.9% Asian, 5.7% White, 72.3% American Indian and Alaska Native, 0.4%Black or African American, 15.9% Unknown, 5.0% Hispanic or Latino, 14.6% Asian, 10.0% White, 53.8% American Indian and Alaska Native, 0.8%
LGBT Percentage9%8%

Differences between insurance underwriter and certified medical technician duties and responsibilities

Insurance underwriter example responsibilities.

  • Manage patient's records, appointments, and account balances while adhering to HIPPA standards.
  • Manage A/R, A/P, credentialing, surgery scheduling, and coordinate patient referrals to other physicians.
  • Manage operating procedure and accounting systems for payroll, operating expenses, supplies and inventory management and commercial accounts.
  • Prepare all HCFA billing with proper ICD-9 codes and CPT codes for accurate turn around time on payments.
  • Follow up with insurance carriers and patients to expedite the recovery of payment obligations
  • File insurance and process billing and payments, coordinate patients financial arrangements, present treatment plans, verify insurance coverage.
  • Show more

Certified medical technician example responsibilities.

  • Maintain the cleanliness of storage areas, trays, centrifuges, refrigerators, freezers and work area.
  • Administer medications to patients according to their medication record as scheduled, as needed according to physician orders.
  • Perform laboratory test and procedures in areas including chemistry, hematology, urinalysis, coagulation, serology, and bacteriology.
  • Perform first aid and apply CPR when necessary.
  • Perform first aid or CPR during medical emergencies until paramedics arrive.
  • Assist the residents in their ADL needs and prepare their meals.
  • Show more

Insurance underwriter vs certified medical technician skills

Common insurance underwriter skills
  • Health Insurance, 11%
  • Insurance Underwriting, 8%
  • Insurance Coverage, 8%
  • Customer Service, 8%
  • Underwriting Guidelines, 7%
  • Insurance Products, 6%
Common certified medical technician skills
  • Patients, 17%
  • Vital Signs, 12%
  • CPR, 8%
  • Administer Medications, 7%
  • Resident Care, 6%
  • HIPAA, 6%

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