Earnings for Insurance Claims Analysts in the United States come in at around $51K annually on average. Location is the biggest factor affecting pay for this group, followed by career length. Female Insurance Claims Analysts make up most of the survey respondents at 72 percent. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most workers in this position report moderate levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$33,988 - $72,457
(Median)
$34K
$51K
$72K
MEDIAN: $51,275
10%
50%
90%

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$13.04 - $24.05
(Median)
$13
$17
$24
MEDIAN: $16.00
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$25K$50K$75K
Salary
$33,988 - $72,457  
   
Bonus
$-0.49 - $9,696  
Profit Sharing
$2,004  
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).
)
$31,519 - $70,507  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 123
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
$13.04 - $24.05  
   
Overtime
$18.77 - $30.09  
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
$-0.49 - $9,696  
   
Profit Sharing
$2,004  
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).
)
$31,519 - $70,507  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 59
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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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Many Insurance Claims Analysts move into an Insurance Claims Specialist role, which does not lead to a big boost in pay. Insurance Claims Specialists on average bring in a similar salary to Insurance Claims Analysts.

Insurance Claims Representative Job Listings

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Pay by Experience Level for Insurance Claims Analyst

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


The average beginner in this position makes around $41K, but folks who have been around for five to 10 years see a markedly higher median salary of $53K. Insurance Claims Analysts who work for 10 to 20 years in their occupation tend to earn about $48K. Survey participants who have worked for more than two decades report bringing in $55K on average.

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.

Related Job Salaries

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Experience Affects Insurance Claims Analyst Salaries

Late-Career
up arrow 21%

Mid-Career
up arrow 17%

Experienced
up arrow 5%

National Average
$45,000

Entry-Level
up arrow 10%

Skills That Affect Insurance Claims Analyst Salaries

Negotiation
up arrow 64%

Insurance
up arrow 11%

National Average
$45,000

Oral / Verbal Communication
up arrow 1%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
9%
1-4 years
35%
5-9 years
19%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 76%
medical benefits
Vision: 64%
dental benefits
None: 14%
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