Insurance Claims Processor Salary

Most Insurance Claims Processors in the United States are women. The workforce as a whole earns a median of approximately $13.91 per hour. Most Insurance Claims Processors like their work and job satisfaction is high. Some workers in this field — around one in five — are not awarded benefits. Medical coverage is reported by a strong majority and dental plans are enjoyed by the larger part. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$25,225 - $50,497
(Median)
$25K
$36K
$50K
MEDIAN: $35,733
10%
50%
90%

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$10.93 - $19.73
(Median)
$11
$14
$20
MEDIAN: $13.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17K$34K$51K
Salary
$25,225 - $50,497  
   
Bonus
$0.00 - $2,018  
Profit Sharing
$1,000  
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).
)
$23,969 - $48,302  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 93
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$10.93 - $19.73  
   
Overtime
$13.17 - $32.82  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $2,018  
   
Profit Sharing
$1,000  
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).
)
$23,969 - $48,302  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 129
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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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Typical Insurance Claims Processors report a focused set of job skills. Those who have experience with Claim Handling, Customer Service, and Data Entry can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Data Entry. Customer Service is a skill commonly found among those who know Claim Handling.

Pay by Experience Level for Insurance Claims Processor

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


For Insurance Claims Processors, experience does not seem to be a major factor in determining pay. During their first five years in the workforce, individuals in this position earn $30K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $32K. Insurance Claims Processors claiming one to two decades of experience make an estimated median of $38K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $42K.

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Experience Affects Insurance Claims Processor Salaries

Late-Career
up arrow 31%

Experienced
up arrow 20%

Mid-Career
0%

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

Data Entry
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 37 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
8%
1-4 years
40%
5-9 years
18%
10-19 years
19%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 68%
medical benefits
Vision: 58%
dental benefits
None: 20%
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