Claims Processor Salary

Median pay for Claims Processors in the United States is around $14.91 per hour. Compensation for this group is mainly affected by the particular firm, but the particular city and tenure are influential factors as well. The majority of workers are highly satisfied with their job. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The vast majority of Claims Processors (86 percent) who participated in the survey are women.

$28,859 - $48,952
$29K
$37K
$49K
MEDIAN: $37,180
10%
50%
90%

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$11.33 - $19.92
$11
$15
$20
MEDIAN: $14.91
10%
50%
90%

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$0$48K
Salary $28,859 - $48,952
Bonus $450.00 - $2,650
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).
)
$24,630 - $46,434
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 95
Hourly Data $0$29
Hourly Rate $11.33 - $19.92
Overtime $17.56 - $29.38
Annual Data $0$46K
Bonus $450.00 - $2,650
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).
)
$24,630 - $46,434
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 263

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Claims Processor

Claims processors - also called claims adjustors - are responsible for accurately and efficiently entering and processing claims for their organization. Claims processors generally work in the insurance industry and they work for many types of companies (such as those specializing in health insurance, automobile insurance, and/or home insurance). These claims may be received via the computer, on paper, or over the phone; processed claims create approvals (which send payment) or denials. Claims processors may be required to answer phone calls from policyholders related to claims, and they must be able to answer such calls quickly and accurately. They typically work in an office setting during normal business hours. If they answer phone calls, claims processors may be required to work on weekends and evenings. This position may be part time or full time, and some companies allow claims processors to work from home. Claims processors generally work seated at a computer workstation for extended periods of time.

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Claims Processor Tasks

  • Approve claim payments.
  • Process flexible spending account claims of any type for multiple welfare plans according to established rules and guidelines.
  • Determine proper payees for benefits in order to discharge company's liabilities.
  • Coordinate claims with Medicare and other group insurance carriers.
  • Audit other team member's claims as needed.

Claims Processor Job Listings

Popular Employer Salaries for Claims Processor


Dominating the field, Allstate Insurance Company, State Farm Insurance Company, Blue Cross and Blue Shield of South Carolina, Inc. (BCBSSC), WellPoint, Inc., and UnitedHealth Group are top firms with a reputation for hiring a great number of Claims Processors. Claims Processors seeking a sizable paycheck can earn the most at State Farm Insurance Company, where the average salary comes to $47K. Other big spenders include Allstate Insurance Company, Cigna Corporation, and UnitedHealth Group, top-paying firms where Claims Processors see paychecks nearing $35K, $32K, or $31K.

Allstate, WellPoint, Inc., and UnitedHealth Group are a few other employers known for handing out relatively lightweight salaries ($29K, $30K, and $31K respectively).

Popular Skills for Claims Processor


Survey results suggest that Claims Processors put a wide range of professional skills to use. Most notably, skills in Insurance, Customer Service, Claim Handling, and Medical Coding are correlated to pay that is above average. Skills that pay less than market rate include Data Entry, Data Processing, and Billing. Most people who know Claim Handling also know Billing and Medical Coding.

Pay by Experience Level for Claims Processor

Pay by Experience for a Claims Processor has a positive trend. An entry-level Claims Processor with less than 5 years of experience can expect to earn an average total compensation of $30,000 based on 209 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Claims Processor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $35,000 based on 94 salaries. An experienced Claims Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 79 salaries. A Claims Processor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 27 salaries.

Pay Difference by Location

National Average: $32,823

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

Home to some of the best pay for Claims Processors, Louisville offers exceptional salaries, 17 percent above the national average. Claims Processors will also find cushy salaries in Houston (+13 percent), New York (+12 percent), Sacramento (+6 percent), and Phoenix (+5 percent). Location is a huge contributor to overall pay, with Claims Processors in Columbia earning a whopping 23 percent below the national average. A couple other locations with smaller-than-average paychecks include Richmond and San Antonio (8 percent lower).

Claims Processor Reviews

Q: What is it like working as a Claims Processor?

Claims Processor in Manhattan:
"I love the job and what it brings everyday."
Pros: Meeting new people and learning new disabilities and situations of the clients for the cases I process.
Cons: None.

Related Job Salaries

Key Stats for Claims Processor

Gender

Female
86 %
Male
14 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.
Less than 1 year
7%
1-4 years
45%
5-9 years
18%
10-19 years
20%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Claims Processor Salaries

▲23%

▲14%

▲7%

National Average
$33,000

▼7%

Skills That Affect Claims Processor Salaries

▲5%



National Average
$33,000

Medical Coding
▼1%

Typing
▼4%

Microsoft Office
▼5%

▼6%

Data Processing
▼8%

Data Entry
▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
7%
1-4 years
45%
5-9 years
18%
10-19 years
20%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 75%
vision benefits
Vision: 72%
no benefits
None: 14%
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