Insurance Claims Examiner Salary
An average Insurance Claims Examiner in the United States can expect to take home roughly $50K annually. Geographic location is the biggest factor affecting pay for this group, followed by career length. Most claim medical and dental insurance and the larger part get vision coverage. Female Insurance Claims Examiners make up most of the survey respondents at 70 percent. Work is enjoyable for Insurance Claims Examiners, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Job Description for Insurance Claims Examiner
Insurance claims examiners are responsible for reviewing insurance claims which have been submitted to their company. These examiners generally work in office settings during traditional business hours, and little to no travel is required for the position. A high school diploma is generally required, as well as additional courses and training regarding insurance claims and policies. Those in this position are employed in all types of insurance fields, and their responsibilities vary depending on the company.Read More...
Insurance claims examiners have a variety of responsibilities and duties, including: evaluating insurance claims; following up with insurance adjusters; protecting customers and clients regarding unnecessary financial losses; reviewing filings and findings of insurance claims professionals; overseeing all documentation regarding insurance claims; reviewing large and complex cases which involve large financial payouts; reviewing questionable claims; settling cases or referring them for further investigation; making recommendations regarding claims; reviewing coverage applications; analyzing and verifying all data used to settle claims; obtaining various relevant records; and various administrative duties.
This position requires a person who is technologically adept and highly proficient with all forms of communication. Applicants should also have expert critical thinking, decision-making, negotiating, and technical writing skills.
Insurance Claims Examiner Tasks
- Update database and process necessary paperwork.
- Make claim settlement determinations to authorize or deny payment based on policy and practices.
- Examine and verify accuracy and completeness of insurance claims.
Insurance Claims Examiner Job Listings
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Pay by Experience Level for Insurance Claims Examiner
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average inexperienced worker's salary is approximately $39K, and people with five to 10 years of experience bring in more at around $49K on average. Insurance Claims Examiners bring in $47K after working for 10 to 20 years. Insurance Claims Examiners who have spent more than 20 years on the job report earning a significantly higher median of $64K.
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Key Stats for Insurance Claims Examiner
Rated 5 out of 5
based on 15 votes.