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Medicare specialist vs insurance verification specialist

The differences between medicare specialists and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a medicare specialist has an average salary of $36,923, which is higher than the $33,043 average annual salary of an insurance verification specialist.

The top three skills for a medicare specialist include customer service, patients and health insurance. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.

Medicare specialist vs insurance verification specialist overview

Medicare SpecialistInsurance Verification Specialist
Yearly salary$36,923$33,043
Hourly rate$17.75$15.89
Growth rate11%6%
Number of jobs31,86371,688
Job satisfaction--
Most common degreeBachelor's Degree, 41%Associate Degree, 27%
Average age4546
Years of experience12-

Medicare specialist vs insurance verification specialist salary

Medicare specialists and insurance verification specialists have different pay scales, as shown below.

Medicare SpecialistInsurance Verification Specialist
Average salary$36,923$33,043
Salary rangeBetween $29,000 And $46,000Between $28,000 And $37,000
Highest paying City-Madison, WI
Highest paying state-New Hampshire
Best paying company-St. Luke's Cataract & Laser Institute
Best paying industry-Pharmaceutical

Differences between medicare specialist and insurance verification specialist education

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

Medicare SpecialistInsurance Verification Specialist
Most common degreeBachelor's Degree, 41%Associate Degree, 27%
Most common majorBusinessHealth Care Administration
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Medicare specialist vs insurance verification specialist demographics

Here are the differences between medicare specialists' and insurance verification specialists' demographics:

Medicare SpecialistInsurance Verification Specialist
Average age4546
Gender ratioMale, 23.0% Female, 77.0%Male, 11.4% Female, 88.6%
Race ratioBlack or African American, 8.5% Unknown, 4.4% Hispanic or Latino, 16.1% Asian, 8.0% White, 61.6% American Indian and Alaska Native, 1.4%Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.1% American Indian and Alaska Native, 0.1%
LGBT Percentage9%7%

Differences between medicare specialist and insurance verification specialist duties and responsibilities

Medicare specialist example responsibilities.

  • Manage cases by aggressively directing the litigation process.
  • Submit correct claims when appropriate, assigning ICD-9-CM, CPT, HCPCS, and / or service codes when necessary.
  • Maintain HIPPA compliance with all communications.
  • Obtain accurate ICD-9 codes and process completed CMN's.
  • Include knowledge of ICD-9 codes and state fee schedules/usual and customary.
  • Code claims using the CPT and ICD-9-CM coding systems appropriate at the time.
  • Show more

Insurance verification specialist example responsibilities.

  • Check CPT and ICD-10 codes with LCD and policies from multiple insurance companies to make sure procedures will be paid.
  • Support the patient privacy/confidentiality policies and regulations under HIPAA for patients and their medical records.
  • Confirm correct charges base on HCPCS codes.
  • Assist callers as well with questions about their benefits, terms and conditions of medical plans, appeals and grievances.
  • Provide medical record support in the absence of EMR: assist clinics and hospitals in obtaining medical records in appropriate format.
  • Document outbound communication from providers and veterans.
  • Show more

Medicare specialist vs insurance verification specialist skills

Common medicare specialist skills
  • Customer Service, 9%
  • Patients, 9%
  • Health Insurance, 9%
  • CMS, 7%
  • CPT, 7%
  • Appeals, 6%
Common insurance verification specialist skills
  • Patients, 25%
  • Insurance Verification, 15%
  • Customer Service, 7%
  • Insurance Eligibility, 5%
  • Data Entry, 4%
  • Medical Terminology, 4%

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