Insurance Claims Analyst Salary

Average Insurance Claims Analysts in the United States make around $50K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and a strong majority earn dental coverage. Though the majority of Insurance Claims Analysts do not report high levels of job satisfaction, most are moderately content with their role. Insurance Claims Analysts survey participants are largely women, dominating at 67 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$33,376 - $73,678
$33K
$50K
$74K
MEDIAN: $49,786
10%
50%
90%

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$12.76 - $23.34
$13
$17
$23
MEDIAN: $16.71
10%
50%
90%

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$0$73K
Salary $33,376 - $73,678
Bonus $0.00 - $9,899
Profit Sharing $2,007
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).
)
$30,361 - $71,071
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 124
Hourly Data $0$34
Hourly Rate $12.76 - $23.34
Overtime $18.52 - $34.56
Annual Data $0$71K
Bonus $0.00 - $9,899
Profit Sharing $2,007
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).
)
$30,361 - $71,071
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 65

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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

  • Resolves claims processing errors and issues.
  • Completes analysis of claims processing including payments and compliance.
  • Reviews and processes claim transactions, reports, monitors charges and payments.
  • Identifies coordination of benefits with other insurers.

Common Career Paths for Insurance Claims Analyst


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Many Insurance Claims Analysts move into an Insurance Claims Specialist role, which does not lead to a big boost in pay. Insurance Claims Specialists on average bring in a similar salary to Insurance Claims Analysts.

Insurance Claims Analyst Job Listings

Pay by Experience Level for Insurance Claims Analyst

Pay by Experience for an Insurance Claims Analyst has a positive trend. An entry-level Insurance Claims Analyst with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 91 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Claims Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $58,000 based on 44 salaries. An experienced Insurance Claims Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $49,000 based on 49 salaries. An Insurance Claims Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $54,000 based on 24 salaries.

Insurance Claims Analyst Reviews

Q: What is it like working as an Insurance Claims Analyst?

Insurance Claims Analyst in Woodland Hills:
Pros: Helping people.
Cons: Takes time to learn everything.

Related Job Salaries

Key Stats for Insurance Claims Analyst

Gender

Female
67 %
Male
33 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 24 votes.
Less than 1 year
13%
1-4 years
35%
5-9 years
16%
10-19 years
23%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Claims Analyst Salaries

Mid-Career
▲30%

▲21%

▲10%

National Average
$44,000

▼9%

Skills That Affect Insurance Claims Analyst Salaries

Negotiation
▲68%

▲14%

Oral / Verbal Communication
▲1%

National Average
$44,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 24 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
13%
1-4 years
35%
5-9 years
16%
10-19 years
23%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
vision benefits
Vision: 65%
no benefits
None: 11%
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