Insurance Claims Analyst Salary

Median pay for Insurance Claims Analysts in the United States lies in the neighborhood of $47K annually. Earnings generally vary between $29K and $70K per year. Experience level 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. Most workers in this position report high levels of job satisfaction. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. This report is based on responses to the PayScale salary survey.
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$33,516 - $70,783
(Median)
$34K
$47K
$71K
MEDIAN: $46,688
10%
50%
90%

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$11.55 - $20.71
(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
$33,516 - $70,783  
   
Bonus
$0.00 - $5,014  
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).
)
$28,860 - $69,903  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 193
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
$11.55 - $20.71  
   
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 - $5,014  
   
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).
)
$28,860 - $69,903  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 93
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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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Professional skills reported by Insurance Claims Analysts are few in number. Oral / Verbal Communication and Data Analysis are considered valuable skills and can increase employee pay. It is not unusual for someone who knows Data Analysis to be familiar with Oral / Verbal Communication as well.

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 lot of experience do not necessarily enjoy more money. 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 $41K. Insurance Claims Analysts see a median salary of $45K after reaching one to two decades on the job. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $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.

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Experience Affects Insurance Claims Analyst Salaries

Late-Career
up arrow 43%

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
up arrow 1%

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
8%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 79%
vision benefits Vision: 69% employee benefits None: 12%
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