Claims Administrator Salary
For Claims Administrators, yearly average wages total $45K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. The majority of workers are highly satisfied with their job. Women make up the vast majority of Claims Administrators (83 percent) who answered the questionnaire. Most get medical and dental insurance, and the greater part get vision plans, too. The data for this synopsis comes from respondents who took the PayScale salary survey.
Job Description for Claims Administrator
A claims administrator is responsible for working with insurance claims in the medical/healthcare field, as well as property insurance. These administrators are employed by a variety of organizations, but generally work within office environments and keep traditional weekly business hours, although overtime may occasionally be necessary. An associate’s degree in an area such as public administration is often required, and some employers prefer those with a bachelor’s degree in a related field. Many also supplement work experience for formal training and education.Read More...
A claims administrator will be responsible for a variety of tasks, including: administrating claims for professional and general liabilities; determining all expense reserves; coordinating with various departments to settle claims; monitoring defense activities; managing and maintaining records regarding losses and risk management; developing reports for statistical claims; monitoring claim trends; administrating damage recovery; coordinating with claimants to resolve customer issues; reporting to an insurance manager; maintaining the company’s insurance policies; serving as a liaison between clients and insurance companies; serving as an insurance expert; and making recommendations for new insurance policies.
Claims administrators are also responsible for filing and maintaining accurate paperwork, so applicants who are detail-oriented and able to multitask well are ideal for the job. They should also thrive in a fast-paced environment and be able to meet tight deadlines.
Claims Administrator Tasks
- Coordinate insurance process across departments, tracking claims and reporting on aggregate metrics.
- Support and mentor staff in insurance resources, standards, data, and contacts.
- Review claim submissions and determine eligibility and level of coverage.
- Prepare and monitor insurance budgets and report on exceptional circumstances.
- File claims, enter data, and update databases with current daily information.
Claims Administrator Job Listings
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Pay by Experience Level for Claims Administrator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. The average inexperienced worker earns $39K, and someone who has worked for five to 10 years can expect a bigger median salary of $45K. Claims Administrators see a median salary of $46K after reaching one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $59K on average.