Insurance Claims Analyst Salary

Earnings for Insurance Claims Analysts in the United States come in at around $48K per year on average. Compensation ranges between $30K and $71K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Among folks in this role, job satisfaction levels approximately match the national average. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men are in the minority of survey respondents, with female Insurance Claims Analysts making up 72 percent. This report is based on responses to the PayScale salary survey.
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$34,493 - $71,949
(Median)
$34K
$48K
$72K
MEDIAN: $48,100
10%
50%
90%

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$11.88 - $20.74
(Median)
$12
$17
$21
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$24K$48K$72K
Salary
$34,493 - $71,949  
   
Bonus
$0.00 - $5,068  
Profit Sharing
$2,035  
Commission
$0.00  
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).
)
$29,974 - $70,837  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 202
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
$11.88 - $20.74  
   
Overtime
$19.20 - $31.71  
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
$0.00 - $5,068  
   
Commission
$0.00  
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).
)
$29,974 - $70,837  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 91
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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' 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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Typical Insurance Claims Analysts report a focused set of job skills. Those who have experience with Oral / Verbal Communication, Insurance, and Data Analysis can expect to be compensated well for these skills.

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. Survey participants with less than five years' experience report a median income of $41K, 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 $44K. On average, Insurance Claims Analysts make $47K following one to two decades on the job. After two decades in the workforce, the average Insurance Claims Analyst generally earns more than ever; median pay for this group is estimated at $57K.

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 31%

Experienced
up arrow 8%

Mid-Career
up arrow 1%

National Average
$43,000

Entry-Level
up arrow 5%

Skills That Affect Insurance Claims Analyst Salaries

Oral / Verbal Communication
up arrow 4%

Insurance
up arrow 3%

Data Analysis
0%

National Average
$43,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 52 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
8%
1-4 years
35%
5-9 years
24%
10-19 years
25%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 77%
medical benefits
Vision: 68%
dental benefits
None: 13%
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