Insurance Claim or Policy Processing Clerk Salary

For Insurance Claim or Policy Processing Clerks, hourly average wages total $14.38 per hour. Female Insurance Claim or Policy Processing Clerks far outnumber their male contemporaries among survey respondents. Medical benefits are awarded to a large number, and the larger part earn dental coverage. Most people in this profession are content with their work, and moderate levels of job satisfaction are reported. This report is based on answers to PayScale's salary questionnaire.

$25,384 - $44,163
(Median)
$25K
$32K
$44K
MEDIAN: $31,635
10%
50%
90%

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$10.46 - $18.25
(Median)
$10
$14
$18
MEDIAN: $14.00
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$15K$30K$45K
Salary
$25,384 - $44,163  
   
Bonus
$0.00 - $1,578  
Profit Sharing
$970  
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).
)
$23,344 - $40,560  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 69
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$10$20$30
Hourly Rate
$10.46 - $18.25  
   
Overtime
$16.39 - $29.50  
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$20K$40K$60K
Bonus
$0.00 - $1,578  
   
Profit Sharing
$970  
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).
)
$23,344 - $40,560  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 147
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Job Description for Insurance Claim or Policy Processing Clerk

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

Common Career Paths for Insurance Claim or Policy Processing Clerk


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Insurance Claim or Policy Processing Clerks who move on to become Claims Examiners and Investigators may enjoy significant pay raises, as Claims Examiners and Investigators get paid an average of $45K per year. Office Managers of Medical Offices or Office Managers are common next-step roles for Insurance Claim or Policy Processing Clerks moving up in their careers; annual pay for Office Managers of Medical Offices is $7K higher on average, and it's $5K higher for Office Managers.

Insurance Claim or Policy Processing Clerk Job Listings

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Insurance Claim or Policy Processing Clerks report using a wide range of professional skills. Most notably, skills in Typing, Claim Handling, Insurance, and Data Entry are correlated to pay that is above average. At the other end of the pay range are skills like Customer Service. Many workers who know Customer Service also know 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. Workers with less than five years' experience earn around $30K on average, and those who have five to 10 years under their belts see a higher median salary of $31K. Insurance Claim or Policy Processing Clerks claiming one to two decades of experience make an estimated median of $32K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $34K.

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Experience Affects Insurance Claim or Policy Processing Clerk Salaries

Late-Career
up arrow 11%

Experienced
up arrow 4%

Mid-Career
up arrow 2%

National Average
$31,000

Entry-Level
up arrow 4%

Skills That Affect Insurance Claim or Policy Processing Clerk Salaries

Typing
up arrow 4%

Claim Handling
up arrow 1%

Insurance
0%

National Average
$31,000

Data Entry
up arrow 1%

Customer Service
up arrow 9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 44 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
11%
1-4 years
37%
5-9 years
27%
10-19 years
18%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 67%
medical benefits
Vision: 56%
dental benefits
None: 14%
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