Consultant, Health Insurance Salary
On average, commissions constitute a fair portion (nearly 100 percent) of final income for Health Insurance Consultants. That final number averages out to $52K across the industry. A strong majority enjoy medical and dental coverage in this occupation, and a majority get vision benefits. Most workers in this position report high levels of job satisfaction. Female Health Insurance Consultants make up most of the survey respondents at 71 percent. This report is based on answers to PayScale's salary questionnaire.
|Salary||$35,638 - $123,291|
|Bonus||$246.58 - $20,511|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$28,041 - $114,783|
|Hourly Rate||$10.30 - $19.46|
|Bonus||$246.58 - $20,511|
|Total Pay (||$28,041 - $114,783|
Job Description for Consultant, Health Insurance
A health insurance consultant helps customers choose health insurance plans that fulfill both their budgets and health needs. These consultant may work for an insurance company or for an agency which offers multiple insurance plans from different companies. Customers are generally individuals seeking health insurance, or businesses which are planning to offer health insurance to employees. The consultant will conduct an interview with the customer to determine their needs, and then explain and recommend options from which they should choose. He/she may also advise the customer on how to apply for the chosen insurance and walk them through the registration process.Read More...
Excellent customer service skills are important, as the consultant will work directly with customers, either at an office or potential customers’ homes. This job is also offered as a call center position by some employers. A basic salary is generally offered, though commission is usually given based on sales. Basic computer skills are required, as much a great deal of information may need to be entered into a database. Sales skills and the ability to persuade customers are also needed.
Many positions will allow sales consultants to acquire customers naturally, while others may involve searching for customers through leads and cold calls. Generally, a minimum of a high school diploma is required, and many positions require experience in customer service or sales.
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Pay by Experience Level for Consultant, Health Insurance
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience is an important factor influencing the compensation of Health Insurance Consultants. People who have worked for fewer than five years bring home $37K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $55K. The average pay reported by folks with 10 to 20 years of experience is around $87K. Health Insurance Consultants who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $90K on average.
Consultant, Health Insurance Advice
Key Stats for Consultant, Health Insurance
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