Insurance Verifier Salary
Women comprise the majority of Insurance Verifiers in the United States. Individuals in this line of work make around $14.58 per hour on average. Residence and career duration each impact pay for this group, with the former having the largest influence. Just under one in four of professionals in this line of work do not receive benefits; however, a fair number report medical coverage and a majority claim dental coverage as well. Most Insurance Verifiers report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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
- Enter data, create reports and validate individual and cross-patient information.
- Liaise with patient, insurer, and provider to communicate needs and current state.
- Monitor and verify insurance information for individual patients and procedures.
- Communicate with patients about co-pays, benefits, coverage, and care authorization.
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Pay by Experience Level for Insurance Verifier
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Insurance Verifiers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Folks who are navigating the first five years of their careers have a median salary of approximately $30K in this position. Those who have been around for five to 10 years don't get much more, though; the median salary in that group is $31K. Insurance Verifiers bring in $34K after working for 10 to 20 years. After two decades in the workforce, the average Insurance Verifier generally earns more than ever; median pay for this group is estimated at $39K.
Pay Difference by Location
Fort Worth offers some of the highest pay in the country for Insurance Verifiers, 33 percent above the national average. Insurance Verifiers will also find cushy salaries in Atlanta (+12 percent), Houston (+11 percent), Los Angeles (+5 percent), and Miami (+1 percent). The smallest paychecks in the market, 5 percent south of the national average, can be found in San Antonio.
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Key Stats for Insurance Verifier
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