Insurance Claims Analyst Salary

Pay for Insurance Claims Analysts in the United States sits in the ballpark of $47K per year. The pay spectrum stretches from $29K to $70K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Insurance Claims Analysts survey participants are largely women, dominating at 68 percent. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The data in this summary comes from the PayScale salary survey.
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$33,645 - $70,766
(Median)
$34K
$47K
$71K
MEDIAN: $46,946
10%
50%
90%

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$11.60 - $20.69
(Median)
$12
$17
$21
MEDIAN: $16.00
10%
50%
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$24K$48K$72K
Salary
$33,645 - $70,766  
   
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).
)
$28,802 - $69,908  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 197
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
$11.60 - $20.69  
   
Overtime
$19.31 - $34.77  
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 - $5,010  
   
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).
)
$28,802 - $69,908  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 94
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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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For Insurance Claims Analysts, career advancements do not tend to correlate with a rise in salary. On average, lower-level Insurance Claims Analysts earn similar salaries to those in higher-end positions like Insurance Claims Specialist.

Insurance Claims Representative Job Listings

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Typical 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. Competency in Data Analysis frequently indicates 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Insurance Claims Analysts in the early stages of their careers take home approximately $41K on average. The average for people in the five-to-10 year group is only a little larger at $41K. On average, Insurance Claims Analysts make $45K following one to two decades on the job. Insurance Claims Analysts who have spent more than 20 years on the job report earning a significantly higher median of $62K.

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 46%

Experienced
up arrow 6%

National Average
$43,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 4%

Skills That Affect Insurance Claims Analyst Salaries

Oral / Verbal Communication
up arrow 6%

Data Analysis
0%

National Average
$43,000

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
28%
10-19 years
23%
20 years or more
9%

Common Health Benefits

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