Insurance Claims Analysts in the United States take home an average $51K annually. Geography is the biggest factor affecting pay for this group, followed by experience level. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Men are in the minority of survey respondents, with female Insurance Claims Analysts making up 72 percent. Work is reasonably fulfilling for most Insurance Claims Analysts — the majority report average levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$34,534 - $73,085
$35K
$51K
$73K
MEDIAN: $51,469
10%
50%
90%

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$13.02 - $23.22
$13
$17
$23
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
$34,534 - $73,085  
   
Bonus
$26.66 - $9,967  
Profit Sharing
$2,035  
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).
)
$31,333 - $70,835  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 119
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
$13.02 - $23.22  
   
Overtime
$18.63 - $29.71  
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
$26.66 - $9,967  
   
Profit Sharing
$2,035  
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).
)
$31,333 - $70,835  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 60

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

Common Career Paths for Insurance Claims Analyst


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Insurance Claims Analysts' salary tends to stay somewhat level for those who assume higher-end positions like Insurance Claims Specialist. Median pay for Insurance Claims Specialists is $41K.

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.


Those in the early stages of their career can expect to make around $40K; however, individuals with five to 10 years of experience bring in $54K on average — a distinctly larger sum. People with 10 to 20 years of experience make an average of about $49K in this role. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $55K on average.

Insurance Claims Analyst Advice

Q: 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

Key Stats for Insurance Claims Analyst

Gender

Female
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.
Less than 1 year
9%
1-4 years
34%
5-9 years
18%
10-19 years
25%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Claims Analyst Salaries

Late-Career
up arrow 22%

Mid-Career
up arrow 21%

Experienced
up arrow 8%

National Average
$45,000

Entry-Level
up arrow 10%

Skills That Affect Insurance Claims Analyst Salaries

Negotiation
up arrow 65%

up arrow 14%

Oral / Verbal Communication
0%

National Average
$45,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
9%
1-4 years
34%
5-9 years
18%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 76%
vision benefits
Vision: 63%
dental benefits
None: 15%
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