A Benefits Analyst earns an average salary of $54,759 per year. 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, salary increases somewhat, but any additional experience does not have a big effect on pay.

$39,762 - $72,641
$40K
$55K
$73K
MEDIAN: $54,759
10%
50%
90%

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$15.69 - $28.69
$16
$22
$29
MEDIAN: $22.36
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25K$50K$75K
Salary
$39,762 - $72,641  
   
Bonus
$489.36 - $6,028  
Profit Sharing
$0.00 - $9,933  
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).
)
$38,606 - $73,895  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 512
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16$32$48
Hourly Rate
$15.69 - $28.69  
   
Overtime
$21.64 - $47.07  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Bonus
$489.36 - $6,028  
   
Profit Sharing
$0.00 - $9,933  
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).
)
$38,606 - $73,895  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 85

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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

  • Ensure benefit plans are administered according to plan provisions and company's regulatory guidelines.
  • Work with insurance carriers to resolve issues regarding eligibility and claims.
  • Provide ongoing analysis on trends, legislative changes and best practices within the benefits field.
  • Participate in cross-departmental budget review for benefit plans.
  • Formulate solutions to solve needs regarding benefits.

Common Career Paths for Benefits Analyst


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Benefits Analyst Job Listings

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Popular Employer Salaries for Benefits Analyst

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

National Average: $54,349

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Benefits Analyst

Gender

Female
76 %
Male
24 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 85 votes.
041
Less than 1 year
8%
1-4 years
42%
5-9 years
21%
10-19 years
20%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Benefits Analyst Salaries




National Average
$54,000


Skills That Affect Benefits Analyst Salaries





Leave of Absence Administration
up arrow 2%



Microsoft Excel
0%

National Average
$54,000

Insurance
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 85 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
8%
1-4 years
42%
5-9 years
21%
10-19 years
20%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 87%
vision benefits
Vision: 80%
dental benefits
None: 8%
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