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The differences between insurance verification representatives and insurance coordinators 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 verification representative and an insurance coordinator. Additionally, an insurance coordinator has an average salary of $32,788, which is higher than the $32,706 average annual salary of an insurance verification representative.
The top three skills for an insurance verification representative include patients, insurance verification and customer service. The most important skills for an insurance coordinator are patients, customer service, and insurance verification.
| Insurance Verification Representative | Insurance Coordinator | |
| Yearly salary | $32,706 | $32,788 |
| Hourly rate | $15.72 | $15.76 |
| Growth rate | -4% | -3% |
| Number of jobs | 150,260 | 108,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 28% | Bachelor's Degree, 36% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
An insurance verification representative is responsible for ensuring the coverage of a patient's healthcare benefits by required procedures. Your duties will typically include updating patient information, verifying insurance coverage of patients, and arranging payment for medical services that are not covered under insurance. In addition, you will be checking eligibility and benefits for healthcare providers and explaining Medicare and CMS guidelines as needed. As an insurance verification representative, you are also expected to advise and discuss various financing options that best fit a patient's budget.
An insurance coordinator is responsible for evaluating and validating insurance information to verify claims and process the necessary claims resolutions for parties. Insurance coordinators submit claims statements timely to the insurance officers for review, coordinate with the clients for inquiries and updates, and reach out to medical institutions for accurate filing of payments. An insurance coordinator must have excellent communication and analytical skills to assess reports, resolve claims discrepancies, and escalate high-level complaints to the officers for immediate action.
Insurance verification representatives and insurance coordinators have different pay scales, as shown below.
| Insurance Verification Representative | Insurance Coordinator | |
| Average salary | $32,706 | $32,788 |
| Salary range | Between $28,000 And $37,000 | Between $25,000 And $41,000 |
| Highest paying City | Charleston, WV | Oakland, CA |
| Highest paying state | Massachusetts | New Hampshire |
| Best paying company | Student Conservation Association | University of California, Berkeley |
| Best paying industry | Health Care | Pharmaceutical |
There are a few differences between an insurance verification representative and an insurance coordinator in terms of educational background:
| Insurance Verification Representative | Insurance Coordinator | |
| Most common degree | Bachelor's Degree, 28% | Bachelor's Degree, 36% |
| Most common major | Business | Business |
| Most common college | Stanford University | - |
Here are the differences between insurance verification representatives' and insurance coordinators' demographics:
| Insurance Verification Representative | Insurance Coordinator | |
| Average age | 40 | 44 |
| Gender ratio | Male, 15.1% Female, 84.9% | Male, 9.9% Female, 90.1% |
| Race ratio | Black or African American, 12.6% Unknown, 4.8% Hispanic or Latino, 22.0% Asian, 6.3% White, 53.8% American Indian and Alaska Native, 0.6% | 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 Percentage | 7% | 11% |