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Insurance Claims Processor Salary

The average pay for an Insurance Claims Processor is $14.32 per hour.
$24,335 - $49,580
(Median)
24K
30K
34K
42K
50K
MEDIAN: $34,408
10%
25%
50%
75%
90%

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$11.11 - $19.47
(Median)
11
14
17
19
MEDIAN: $14.00
10%
50%
75%
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$17K$34K$51K
Salary
$24,335 - $49,580  
   
Bonus
$0.00 - $1,996  
Profit Sharing
$400.00 - $1,221  
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).
)
$23,991 - $46,660  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 103
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$9$18$27
Hourly Rate
$11.11 - $19.47  
   
Overtime
$15.40 - $26.80  
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$18K$36K$54K
Bonus
$0.00 - $1,996  
   
Profit Sharing
$400.00 - $1,221  
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).
)
$23,991 - $46,660  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 133
United States (change)

Job Description for Insurance Claims Processor

Insurance claims processors evaluate whether to issue a payment (and how much) on an insurance claim by a policy-holder. Those in this position may work alongside investigators or other claims agents to establish the validity and accuracy of claims; then, they will determine whether the policy offers coverage and issue the appropriate payment.

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Insurance Claims Processor Tasks

  • Update database and process necessary paperwork.
  • Reviews claims for accuracy and completeness, verify eligibility and coverage level.
  • Assists in making claim settlement determinations.
  • Provides customer service to clients.

Claims Processor Job Listings

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Pay by Experience Level for Insurance Claims Processor

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

Related Job Salaries

Experience Affects Insurance Claims Processor Salaries

Late-Career
up arrow 29%

Experienced
up arrow 16%

Mid-Career
up arrow 3%

National Average
$32,000

Entry-Level
up arrow 6%

Skills That Affect Insurance Claims Processor Salaries

Claim Handling
up arrow 4%

Customer Service
up arrow 2%

National Average
$32,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
8%
1-4 years
37%
5-9 years
22%
10-19 years
21%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 74% dental benefits Dental: 66%
vision benefits Vision: 55% employee benefits None: 20%