Claims Supervisor, Insurance Salary

Insurance Claims Supervisors who are practiced in their profession and carry more than 10 years of experience make up three in five of Insurance Claims Supervisors. Pay fluctuates from $40K to $90K per year, but expected earnings average $66K annually. Including potential bonuses and profit sharing proceeds (more than $10K for each in exceptional cases) overall income bottoms out near $40K and hits $90K on the high end. Location is the biggest factor affecting pay for this group, followed by years of experience. The majority of Insurance Claims Supervisors (62 percent) who took the survey are women. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. Work is enjoyable for Insurance Claims Supervisors, who typically claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.

$43,175 - $88,539
(Median)
$43K
$66K
$89K
MEDIAN: $66,315
10%
50%
90%

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$14.92 - $29.63
(Median)
$15
$19
$30
MEDIAN: $18.00
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$31K$62K$93K
Salary
$43,175 - $88,539  
   
Bonus
$0.00 - $10,012  
Profit Sharing
$520 - $10,193  
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).
)
$40,083 - $90,349  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 369
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
$14.92 - $29.63  
   
Overtime
$18.55 - $40.72  
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
$0.00 - $10,012  
   
Profit Sharing
$520 - $10,193  
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).
)
$40,083 - $90,349  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 47
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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 advance their careers by becoming Insurance Claims Managers, who report a slightly higher median income of $72K. A Claims Supervisor role is the most common promotion for Insurance Claims Supervisors moving up the ladder. Pay for this role tends to be $63K per year. Another typical, albeit less common, transition for Insurance Claims Supervisors is a Claims Manager position, where earnings are usually $70K.

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Popular Skills for Claims Supervisor, Insurance


Insurance Claims Supervisors typically list a handful of skills they use on the job. Lucky workers who know People Management can expect a significant pay bump, scoring salaries 33 percent above average. Training and Insurance are also correlated to pay that is above average, with increases between 6 percent and 33 percent. For most people, competency in Claim Handling indicates knowledge of Training.

Pay by Experience Level for Claims Supervisor, Insurance

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


Experience seems to be a major factor in determining the incomes of Insurance Claims Supervisors. Workers in their first five years can expect to earn $52K, but people who have been around for five to 10 years earn a noticeably bigger sum of $65K. After working for 10 to 20 years, Insurance Claims Supervisors make a median salary of $67K. Insurance Claims Supervisors who have spent more than 20 years on the job report earning a significantly higher median of $78K.

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Experience Affects Claims Supervisor, Insurance Salaries



National Average
$65,000



Skills That Affect Claims Supervisor, Insurance Salaries

People Management
up arrow 33%



Claim Handling
up arrow 4%

National Average
$65,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 83 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
24%
10-19 years
34%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 82%
medical benefits
Vision: 72%
dental benefits
None: 9%
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