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 $15.22 per hour. Residence and experience level each impact pay for this group, with the former having the largest influence. Among folks in this role, job satisfaction levels approximately match the national average. Slightly less than a fourth of professionals in this line of work do not receive benefits; however, a fair number report medical coverage and over one-half claim dental coverage as well. Respondents to the PayScale salary survey provided the data for this report.
|Salary||$25,342 - $66,910|
|Bonus||$483.17 - $4,000|
|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).)
|$25,750 - $45,707|
|Hourly Rate||$12.23 - $20.30|
|Overtime||$16.79 - $33.12|
|Bonus||$483.17 - $4,000|
|Total Pay (||$25,750 - $45,707|
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. (Copyright 2017 PayScale.com)
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.
Medical Insurance Coordinator Job Listings
Pay by Experience Level for Medical Insurance Coordinator
Pay by Experience for a Medical Insurance Coordinator has a positive trend. An entry-level Medical Insurance Coordinator with less than 5 years of experience can expect to earn an average total compensation of $30,000 based on 168 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Medical Insurance Coordinator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $35,000 based on 77 salaries. An experienced Medical Insurance Coordinator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $35,000 based on 92 salaries. A Medical Insurance Coordinator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $34,000 based on 30 salaries.
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Key Stats for Medical Insurance Coordinator
Rated 4 out of 5
based on 65 votes.