Claims Supervisor, Insurance Salary

Close to three-fifths of Insurance Claims Supervisors in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $40K to $88K per year, and the average comes out to $65K per year. Including potential for bonuses and profit sharing — peaking near $10K and $12K, respectively — total cash payment to Insurance Claims Supervisors can bottom out near $40K or peak near $88K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and most collect dental insurance. The majority of Insurance Claims Supervisors claim high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$41,324 - $86,249

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$15.74 - $30.50

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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$30K$60K$90K
Salary
$41,324 - $86,249  
   
Bonus
$0.00 - $9,794  
Profit Sharing
$520 - $11,635  
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).
)
$40,046 - $88,361  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 384
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$15$30$45
Hourly Rate
$15.74 - $30.50  
   
Overtime
$19.50 - $37.85  
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$30K$60K$90K
Bonus
$0.00 - $9,794  
   
Profit Sharing
$520 - $11,635  
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).
)
$40,046 - $88,361  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 46
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Job Description for Claims Supervisor, Insurance

Insurance claims supervisors are responsible for managing their claims adjusters to ensure they are performing their duties to the supervisor’s satisfaction. They also help evaluate claims cases to decide whether payment would be justified; if they believe payment is justified, then the supervisor or their subordinates process the claims and submit the payment. These supervisors also meet with legal counsel if a case requires litigation. Another task performed by insurance claims supervisors is interviewing individuals who submit claims, as well as other people who are involved with the case, such as doctors, employers, and witnesses.

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Claims Supervisor, Insurance Tasks

  • Supervise the claims staff; interpret and ensure consistence application of departmental and company policies, practices and procedures.
  • Investigates out of guidelines inquiries, and ensures compliance to procedures, proper services and settlement of claims.
  • Assist in hiring, training and reviewing performance of staff.
  • Perform routine quality control inspections of work performed.

Common Career Paths for Claims Supervisor, Insurance


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Many Insurance Claims Supervisors transition into upper-level Insurance Claims Manager positions. Insurance Claims Managers earn a median of $72K per year. A Claims Supervisor role is the most prevalent career advancement for Insurance Claims Supervisors. Paychecks for that role are $63K on average. The Claims Manager position is another common transition for Insurance Claims Supervisors; in this role, salaries are typically at the $70K mark.

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Popular Skills for Claims Supervisor, Insurance


Insurance Claims Supervisors usually report a few specific skills. Insurance and Training are considered valuable skills and can increase employee pay by 6 percent and 6 percent, respectively. It is often found that people who know Claim Handling are also skilled in Training.

Pay by Experience Level for Claims Supervisor, Insurance

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Insurance Claims Supervisors who reported more years of relevant experience also reported higher earnings. Relatively untried employees who have less than five years' experience make $49K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $63K. The average pay reported by folks with 10 to 20 years of experience is around $67K. Old hands who claim more than two decades on the job enjoy average earnings of $76K.

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Experience Affects Claims Supervisor, Insurance Salaries



National Average
$64,000



Skills That Affect Claims Supervisor, Insurance Salaries



Claim Handling
up arrow 2%

National Average
$64,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 94 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
25%
10-19 years
32%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 83%
vision benefits Vision: 72% employee benefits None: 9%
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