Claims Administrator Salary
Claims Administrators in the United States can expect to earn an average of $44K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Claims Administrators. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The vast majority of Claims Administrators (80 percent) who participated in the survey are women. The data for this snapshot was collected from individuals who took PayScale's salary survey.
|Salary||$33,601 - $58,875|
|Bonus||$0.00 - $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).)
|$30,960 - $57,028|
|Hourly Rate||$13.85 - $23.59|
|Overtime||$20.71 - $35.58|
|Bonus||$0.00 - $5,087|
|Total Pay (||$30,960 - $57,028|
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.
Pay by Experience Level for Claims Administrator
Pay by Experience for a Claims Administrator has a positive trend. An entry-level Claims Administrator with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 76 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Claims Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $43,000 based on 25 salaries. An experienced Claims Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $46,000 based on 28 salaries. A Claims Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $55,000 based on 8 salaries.
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Key Stats for Claims Administrator
Rated 5 out of 5
based on 25 votes.