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Insurance Claims Analyst Salary

Earnings for Insurance Claims Analysts in the United States come in at around $47K per year on average. Pay ranges from $28K on the low end to $70K per year on the high end. Experience level and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. The majority of Insurance Claims Analysts claim high levels of job satisfaction. Women make up the majority of Insurance Claims Analysts (68 percent) who completed the questionnaire. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$33,091 - $71,076
(Median)
$33K
$47K
$71K
MEDIAN: $47,098
10%
50%
90%

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$11.32 - $20.88
(Median)
$11
$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
$33,091 - $71,076  
   
Bonus
$0.00 - $5,021  
Profit Sharing
$1,350 - $3,250  
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).
)
$28,198 - $70,065  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 202
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
$11.32 - $20.88  
   
Overtime
$19.55 - $35.23  
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 - $5,021  
   
Profit Sharing
$1,350 - $3,250  
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).
)
$28,198 - $70,065  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 97

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

  • 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 who transition into an upper level Insurance Claims Specialist position will not necessarily make much more than they do in their current role. The average Insurance Claims Specialist makes $41K a year.

Insurance Claims Representative Job Listings

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Insurance Claims Analysts note just a narrow range of job skills. Oral / Verbal Communication and Data Analysis are considered valuable skills and can increase employee pay. Data Analysis and Oral / Verbal Communication are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Insurance Claims Analyst

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


Insurance Claims Analysts with a rich background of experience are typically rewarded with larger paychecks. People who have worked for fewer than five years earn around $41K, and folks with five to 10 years of experience see a modestly higher median of $41K. On average, Insurance Claims Analysts make $45K following one to two decades on the job. Average wages for folks with more than 20 years of experience come out to around $61K.

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

United States (change)

Experience Affects Insurance Claims Analyst Salaries

Late-Career
up arrow 44%

Experienced
up arrow 6%

National Average
$43,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 5%

Skills That Affect Insurance Claims Analyst Salaries

Oral / Verbal Communication
up arrow 6%

Data Analysis
up arrow 1%

National Average
$43,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
7%
1-4 years
33%
5-9 years
28%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 79%
vision benefits Vision: 69% employee benefits None: 11%
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