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Benefits Analyst Salary

The average salary for a Benefits Analyst is $51,387 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. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay.
$37,972 - $68,923
(Median)
38K
51K
60K
69K
MEDIAN: $51,387
10%
50%
75%
90%

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$14.99 - $28.49
(Median)
15
18
20
24
28
MEDIAN: $20
10%
25%
50%
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
$37,972 - $68,923  
   
Bonus
$0.00 - $5,445  
Profit Sharing
$491.94 - $5,081  
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).
)
$37,686 - $70,173  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 626
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
$14.99 - $28.49  
   
Overtime
$20.68 - $41.32  
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 - $5,445  
   
Profit Sharing
$491.94 - $5,081  
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).
)
$37,686 - $70,173  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 105
United States (change)

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

Related Job Salaries

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%

Data Analysis
0%

Microsoft Word
0%

National Average
$51,000

Microsoft Office
up arrow 2%

Financial Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 138 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
6%
1-4 years
43%
5-9 years
25%
10-19 years
19%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 87%
vision benefits Vision: 74% employee benefits None: 7%