Post job

Reinsurance claims analyst vs claims benefit specialist

The differences between reinsurance claims analysts and claims benefit specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a reinsurance claims analyst and a claims benefit specialist. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $47,292 average annual salary of a claims benefit specialist.

The top three skills for a reinsurance claims analyst include data analysis, surety and client accounts. The most important skills for a claims benefit specialist are customer inquiries, appeals, and medical terminology.

Reinsurance claims analyst vs claims benefit specialist overview

Reinsurance Claims AnalystClaims Benefit Specialist
Yearly salary$92,324$47,292
Hourly rate$44.39$22.74
Growth rate-6%-6%
Number of jobs18,83332,208
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 40%
Average age4444
Years of experience66

Reinsurance claims analyst vs claims benefit specialist salary

Reinsurance claims analysts and claims benefit specialists have different pay scales, as shown below.

Reinsurance Claims AnalystClaims Benefit Specialist
Average salary$92,324$47,292
Salary rangeBetween $64,000 And $132,000Between $32,000 And $68,000
Highest paying CitySan Francisco, CA-
Highest paying stateWashington-
Best paying companyCNA Insurance-
Best paying industryFinance-

Differences between reinsurance claims analyst and claims benefit specialist education

There are a few differences between a reinsurance claims analyst and a claims benefit specialist in terms of educational background:

Reinsurance Claims AnalystClaims Benefit Specialist
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 40%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Reinsurance claims analyst vs claims benefit specialist demographics

Here are the differences between reinsurance claims analysts' and claims benefit specialists' demographics:

Reinsurance Claims AnalystClaims Benefit Specialist
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 19.6% Female, 80.4%
Race ratioBlack or African American, 10.5% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 63.0% American Indian and Alaska Native, 0.5%Black or African American, 11.4% Unknown, 4.4% Hispanic or Latino, 16.9% Asian, 5.2% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between reinsurance claims analyst and claims benefit specialist duties and responsibilities

Reinsurance claims analyst example responsibilities.

  • Help managed meetings regarding decision making on CMS regulations.
  • Conduct quarterly internal commutations SOX testing.
  • Ensure the privacy and security of protect health information per HIPPA requirements
  • Confirm general ledger shows all accounting transactions for given period and reconciliations are conduct.
  • Request and review documentation and testing in order to qualify patients for Medicare and Medicaid coverage.
  • Analyze office administration support for analysts supporting DOD projects to identify efficiency opportunities to prototype and write report of analysis findings.
  • Show more

Claims benefit specialist example responsibilities.

  • Analyze, process and manage FMLA claims to determine eligibility and certification in compliance with state and federal regulations.
  • Establish a working knowledge of CPT, ICD-9, HCPCS codes, terminology, member benefits and claim flow.
  • Process claims utilizing appropriate ICD-9, DSM-IV and HCPCS codes.
  • Analyze each claim and calculate percentages for both PPO and NON-PPO providers.
  • Understand CPT, HCPCS, ICD-9-CM and ICD-10-CM medical claims coding regulations and guidelines
  • Process Non-HMO and PPO paper and electronic claims in an accurate and time manner.
  • Show more

Reinsurance claims analyst vs claims benefit specialist skills

Common reinsurance claims analyst skills
  • Data Analysis, 47%
  • Surety, 13%
  • Client Accounts, 7%
  • Reconciliations, 4%
  • Reinsurance Contracts, 4%
  • Financial Reports, 4%
Common claims benefit specialist skills
  • Customer Inquiries, 11%
  • Appeals, 7%
  • Medical Terminology, 6%
  • Routine Claims, 5%
  • CPT, 4%
  • Processing Issues, 4%

Browse business and financial jobs