Insurance Claim or Policy Processing Clerk Salary

Pay for Insurance Claim or Policy Processing Clerks in the United States sits in the ballpark of $14.85 per hour. The vast majority of Insurance Claim or Policy Processing Clerks (88 percent) who responded to the survey are women. For the most part, people in this position report moderate levels of job satisfaction. A fair number enjoy medical while more than half get dental coverage. Vision coverage is also available to a majority. The information for this snapshot was generated by responses to the PayScale salary survey.

$26,051 - $50,451
$26K
$33K
$50K
MEDIAN: $33,264
10%
50%
90%

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$10.99 - $19.62
$11
$15
$20
MEDIAN: $14.85
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$17K$34K$51K
Salary
$26,051 - $50,451  
   
Bonus
$428.11 - $4,894  
Profit Sharing
$995  
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).
)
$23,965 - $44,402  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 55
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$9$18$27
Hourly Rate
$10.99 - $19.62  
   
Overtime
$16.37 - $26.18  
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$18K$36K$54K
Bonus
$428.11 - $4,894  
   
Profit Sharing
$995  
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).
)
$23,965 - $44,402  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 110

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Insurance Claim or Policy Processing Clerk

  • Processes new insurance policies; updates existing policy documentation and company records.
  • Maintains documents and records of insurance applications.
  • Responds to inquiries and requests for information from customers and staff.
  • Verifies the accuracy and completeness of claim forms.

Common Career Paths for Insurance Claim or Policy Processing Clerk


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Advancing into a Claims Examiner or Investigator role seems to be a popular career move for Insurance Claim or Policy Processing Clerks, and folks who currently work in the latter position report a notably larger median income of $45K per year. The most common next step for an Insurance Claim or Policy Processing Clerk is to become an Office Manager of a Medical Office or an Office Manager. The former position pays an additional $5K per year on average, and the latter position pays $4K more per year.

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Popular Skills for Insurance Claim or Policy Processing Clerk


Insurance Claim or Policy Processing Clerks seem to require a number of specific skills. Most notably, skills in Typing, Microsoft Excel, Data Entry, and Claim Handling are correlated to pay that is above average. Skills that pay less than market rate include Customer Service and Insurance. Aptitude in Customer Service tends to also indicate an understanding of Data Entry.

Pay by Experience Level for Insurance Claim or Policy Processing Clerk

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


Experience and pay tend to be weakly linked for Insurance Claim or Policy Processing Clerks — those with more experience do not necessarily bring in higher earnings. Someone who has worked for fewer than five years earns around $30K on average. Individuals with five to 10 years of experience don't get much more, though; the average income in this group is $31K. The average pay reported by folks with 10 to 20 years of experience is around $36K. In the end, more experience does seem to mean larger paychecks; seasoned Insurance Claim or Policy Processing Clerks with more than 20 years of experience earn a predictably higher median salary of $40K.

Related Job Salaries

Key Stats for Insurance Claim or Policy Processing Clerk

Gender

Female
88 %
Male
12 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.
Less than 1 year
8%
1-4 years
42%
5-9 years
20%
10-19 years
21%
20 years or more
9%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Claim or Policy Processing Clerk Salaries

Late-Career
▲26%

Experienced
▲12%

National Average
$32,000

Mid-Career
▼2%

Entry-Level
▼5%

Skills That Affect Insurance Claim or Policy Processing Clerk Salaries

Typing
▲4%

Microsoft Excel
▼0%

National Average
$32,000

▼2%

Insurance
▼3%

Claim Handling
▼3%

Customer Service
▼13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
8%
1-4 years
42%
5-9 years
20%
10-19 years
21%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 64%
vision benefits
Vision: 58%
dental benefits
None: 18%
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