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Insurance Claims Analyst Salary

Insurance Claims Analysts in the United States take home an average $47K annually. Earnings generally vary between $28K and $72K per year. Career length is the biggest factor affecting pay for this group, followed by geography. The majority of Insurance Claims Analysts (68 percent) who took the survey are female. For the most part, people in this position report moderate levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$31,240 - $73,519
(Median)
31K
38K
47K
62K
74K
MEDIAN: $46,643
10%
25%
50%
75%
90%

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$11.26 - $20.89
(Median)
11
13
16
19
21
MEDIAN: $16.00
10%
25%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25K$50K$75K
Salary
$31,240 - $73,519  
   
Bonus
$0.00 - $5,111  
Profit Sharing
$814 - $3,025  
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).
)
$27,791 - $71,734  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 218
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$11.26 - $20.89  
   
Overtime
$18.87 - $34.25  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Bonus
$0.00 - $5,111  
   
Profit Sharing
$814 - $3,025  
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).
)
$27,791 - $71,734  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 105
United States (change)

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' 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Survey participants with less than five years' experience report a median income of $40K, and earnings aren't much higher for respondents who have five to 10 years under their belts; respondents in the latter group report a median of just $40K. Insurance Claims Analysts who work for 10 to 20 years in their occupation tend to earn about $45K. Seasoned veterans with 20 years under their belts enjoy a median income of $62K.

Related Job Salaries

Experience Affects Insurance Claims Analyst Salaries

Late-Career
up arrow 50%

Experienced
up arrow 8%

National Average
$42,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 69 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
7%
1-4 years
34%
5-9 years
26%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 10%