Insurance Verifier Salary
Most Insurance Verifiers in the United States are women. The median pay for people in this role is approximately $14.61 per hour. Location and experience level each impact pay for this group, with the former having the largest influence. Work is enjoyable for Insurance Verifiers, who typically claim high levels of job satisfaction. Medical benefits are awarded to a fair number, and the larger part earn dental coverage. The data in this summary comes from the PayScale salary survey.
|Salary||$27,000 - $42,152|
|Bonus||$148.99 - $3,020|
|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).)
|$24,404 - $39,595|
|Hourly Rate||$11.64 - $18.37|
|Overtime||$11.92 - $30.18|
|Bonus||$148.99 - $3,020|
|Total Pay (||$24,404 - $39,595|
Job Description for Insurance Verifier
The insurance industry is arguably as important to the modern health care system as the actual health care provider complex, and both consist of many different people doing many different jobs to make it function. An insurance verifier is an employee of a hospital or practice who specializes in dealing with patient claims and the billing process as it relates to claims.Read More...
The insurance verification process begins with the visit, as the insurance verifier will go over patient insurance information and verify in advance the procedures/treatments that their policies will cover. They then call insurance companies and send the proper documentation to verify pre-approvals for procedures which require them. Afterwards, the insurance verifier will work with the insurance company to bill them for procedures and negotiate any billing disputes.
Due to the importance of accuracy in medical insurance documentation, insurance verifiers must have strong attention to detail and the ability to work at a fast pace. Strong communications skills are important to facilitate patient interactions and communications with insurance company representatives. An insurance verifier may need no more than a high school diploma or equivalent, though some employers seek applicants with at least some post-secondary medical education. Working knowledge of medical coding is also a plus, as are familiarity with computer systems and high typing speed.
Insurance Verifier Tasks
- Monitor and verify insurance information for individual patients and procedures.
- Communicate with patients about co-pays, benefits, coverage, and care authorization.
- Enter data, create reports and validate individual and cross-patient information.
- Liaise with patient, insurer, and provider to communicate needs and current state.
Pay by Experience Level for Insurance Verifier
Pay by Experience for an Insurance Verifier has a positive trend. An entry-level Insurance Verifier with less than 5 years of experience can expect to earn an average total compensation of $29,000 based on 238 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Verifier with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $31,000 based on 148 salaries. An experienced Insurance Verifier which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $34,000 based on 85 salaries. An Insurance Verifier with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $38,000 based on 16 salaries.
Pay Difference by Location
Home to some of the best pay for Insurance Verifiers, Fort Worth offers exceptional salaries, 33 percent above the national average. Insurance Verifiers will also find cushy salaries in Atlanta (+11 percent), Houston (+9 percent), Los Angeles (+8 percent), and Miami (+1 percent). In San Antonio, salaries are 5 percent below the national average and represent the lowest-paying market.
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