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Benefits Analyst Salary (United States)

The average salary for a Benefits Analyst is $51,287 per year. A skill in Leave of Absence Administration is associated with high pay for this job. Most people move on to other jobs if they have more than 20 years' experience in this field. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience.
Benefits Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$37,906 - $68,945
(Median)
38K
51K
60K
69K
MEDIAN: $51,286
10%
50%
75%
90%
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Benefits Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$15.09 - $28.52
(Median)
15
18
24
29
MEDIAN: $20
10%
25%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Salary
$37,906 - $68,945  
   
Bonus
$0.00 - $5,482  
Profit Sharing
$512 - $5,087  
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).
)
$37,756 - $70,482  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 619
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$15.09 - $28.52  
   
Overtime
$21.03 - $41.34  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $5,482  
   
Profit Sharing
$512 - $5,087  
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).
)
$37,756 - $70,482  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 104
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Job Description for Benefits Analyst

A benefits analyst works closely with members of particular benefit plans, such as insurance plans and pension plans. They interact with members either in person, through e-mail, or via the telephone, helping them understand current coverage and potential future needs. Most of their time is spent reading benefit coverages and putting together plans of action for members, including explaining the details to those beneficiaries. Most benefit packages are regulated by state and federal law; a benefits analyst must stay current on applicable law and compliance regulations, as well as be able to explain these laws as needed to beneficiaries. They may also be required to contribute to new plan ideas, maintain databases of existing plans, and monitor release of benefits. Developing ideas and relaying data sets, client information, and cost effectiveness to senior personnel is important as well. These professionals typically work full time in an office environment during business hours, although schedules may vary depending on the needs of the business.
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Benefits Analyst Tasks
  • Provide ongoing analysis on trends, legislative changes and best practices within the benefits field.
  • Participate in cross-departmental budget review for benefit plans.
  • Work with insurance carriers to resolve issues regarding eligibility and claims.
  • Formulate solutions to solve needs regarding benefits.
  • Ensure benefit plans are administered according to plan provisions and company’s regulatory guidelines.

Common Career Paths for Benefits Analyst

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Benefits Analyst Job Listings

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Popular Skills for Benefits Analyst

Pay by Experience Level for Benefits Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference By Location

San Francisco
up arrow 25%
Washington
up arrow 22%
Tampa
up arrow 20%
New York
up arrow 18%
Houston
up arrow 13%
up arrow 12%
Philadelphia
up arrow 8%
up arrow 7%
National Average
$51,000
Pittsburgh
up arrow 6%
up arrow 9%
St. Louis
up arrow 9%
Boston
up arrow 11%
Dallas
up arrow 12%
San Diego
up arrow 16%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

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Experience Affects Benefits Analyst Salaries

National Average
$51,000

Skills That Affect Benefits Analyst Salaries

Leave of Absence Administration
up arrow 13%
Microsoft Excel
up arrow 1%
Microsoft Word
up arrow 1%
Data Analysis
0%
National Average
$51,000
Microsoft Office
up arrow 1%
Financial Analysis
up arrow 2%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 143 votes.

Gender

Female
70%
female alumni
 
Male
30%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
44%
5-9 years
25%
10-19 years
18%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 88%
vision benefits Vision: 72% employee benefits None: 6%