Medical Insurance Coordinator Salary
The larger portion of Medical Insurance Coordinators in the United States are women. Median pay in this female-dominated area goes for around $15.11 per hour. Location is the biggest factor affecting pay for this group, followed by tenure. Job satisfaction is reported as high by the vast majority of workers. Health benefits are not enjoyed by everyone in this line of work, and about a fourth lack any coverage at all. Medical benefits are reported by more than half and dental coverage is claimed by about one-half. The data in this summary comes from the PayScale salary survey.
Job Description for Medical Insurance Coordinator
The medical insurance coordinator is a position that is usually sought out by various healthcare organizations, such as doctor's offices and clinics. Generally, many companies will not have an education requirement for this job, but a few may ask for a high school diploma or an associate's degree. Likewise, some companies do not require any previous experience, although most do require that the applicant has had previous experience working with administration. It would be helpful to have coding experience, especially in the ICD-9-CM and CPT coding systems. Furthermore, some knowledge of diseases and various medical terminologies would also prove to be highly beneficial. A full knowledge of the Microsoft Office suite of products is preferable. The medical insurance coordinator will usually be working indoors in an office environment.Read More...
The main responsibility of the medical insurance coordinator is to ensure that the correct documentation is received from patients and insurance companies. The coordinator will sometimes have to act as a liaison for the insurance company and patient relationship and will need to be exceptional in communicating with others. They will have to answer inquiries from both patients and insurance companies, as well as provide support and be able to assist in filling out forms. The medical insurance coordinator may also mail out invoices to collect fees from patients and maintain data and records by using a computer to track changes in patient insurance policies. The coordinator must be updated on regulations in the industry often and will also need to follow any company guidelines or rules.
Medical Insurance Coordinator Tasks
- Confirm insurance coverage with insurance companies by diagnostic and procedural codes.
- Schedule appointments and procedures and verify insurance information.
- Respond to patient inquiries by phone and email.
- Perform data entry and filing to record patient and insurance data.
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Pay by Experience Level for Medical Insurance Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Workers in their first five years can expect to earn $30K, but people who have been around for five to 10 years earn a noticeably bigger sum of $35K. Medical Insurance Coordinators who work for 10 to 20 years in their occupation tend to earn about $35K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $34K.