Insurance Claims Analyst Salary

Insurance Claims Analysts in the United States pull down an average of $47K annually. Earnings sit near $29K on the lower side but can approach $70K per year on the higher side. Career duration is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Most Insurance Claims Analysts like their work and job satisfaction is high. Female Insurance Claims Analysts are more common than men among those who completed the survey; more than half (68 percent) are women. The information for this snapshot was generated by responses to the PayScale salary survey.
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$33,482 - $70,809

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$11.55 - $20.71

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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$24K$48K$72K
Salary
$33,482 - $70,809  
   
Bonus
$0.00 - $5,010  
Profit Sharing
$814 - $3,439  
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).
)
$28,839 - $69,926  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 192
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$12$24$36
Hourly Rate
$11.55 - $20.71  
   
Overtime
$19.31 - $34.77  
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$24K$48K$72K
Bonus
$0.00 - $5,010  
   
Profit Sharing
$814 - $3,439  
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).
)
$28,839 - $69,926  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 93
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Job Description for Insurance Claims Analyst

Insurance claims analysts are responsible for a variety of tasks, including reviewing and analyzing claims and expenses, processing new claims and completing old ones, and acting as a liaison among the company, attorneys, insurance brokers, carriers and offices. They are also in charge of preparing and filing legal documents, cataloging files for storage, handling personal issues for their company CEO, and supervising employees. The insurance claims analyst also interviews, hires, and trains employees, as well as addresses any employee complaints and problems. These analysts generally work for insurance companies specifically or for companies that need that services.

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Insurance Claims Analyst Tasks

  • Reviews and processes claim transactions, reports, monitors charges and payments.
  • Identifies coordination of benefits with other insurers.
  • Resolves claims processing errors and issues.
  • Completes analysis of claims processing including payments and compliance.

Common Career Paths for Insurance Claims Analyst


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Insurance Claims Analysts who go on to become Insurance Claims Specialists may see somewhat stagnant compensation. On average, an Insurance Claims Specialist, an upper-level role, pays $41K.

Insurance Claims Representative Job Listings

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Survey takers who work as Insurance Claims Analysts report a focused set of job skills. Oral / Verbal Communication and Data Analysis are considered valuable skills and can increase employee pay. Experience with Data Analysis is often linked with knowledge of Oral / Verbal Communication.

Pay by Experience Level for Insurance Claims Analyst

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


Experience does not seem to be a strong driver of pay increase in this role. Individuals who have worked for fewer than five years bring in approximately $41K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $41K. After working for 10 to 20 years, Insurance Claims Analysts make a median salary of $45K. 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 $61K.

Insurance Claims Analyst Advice

What do you wish you knew about your job when you first started out?

Insurance Claims Analyst in Indianapolis:
"If you're not a firefighter now, you will be soon."
Prepare to spend your days hopping from one pressing matter to the next, kicking the can down the road in terms of trying to help bring matters to a close, internal and external customers galore, very little sense of closure, and no real tools at your disposal to make everyone happy.

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Experience Affects Insurance Claims Analyst Salaries

Late-Career
up arrow 43%

Experienced
up arrow 6%

National Average
$42,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 4%

Skills That Affect Insurance Claims Analyst Salaries

Oral / Verbal Communication
up arrow 6%

Data Analysis
0%

National Average
$42,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 55 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
6%
1-4 years
35%
5-9 years
27%
10-19 years
23%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 80%
vision benefits Vision: 69% employee benefits None: 12%
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