Insurance Claims Processor Salary

The average pay for an Insurance Claims Processor is $14.82 per hour.
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$29,661 - $58,983
$30K
$38K
$59K
MEDIAN: $38,035
10%
50%
90%

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$12.67 - $20.16
$13
$15
$20
MEDIAN: $14.84
10%
50%
90%

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$0$58K
Salary $29,661 - $58,983
Bonus $1,250
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).
)
$26,898 - $48,858
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 34
Hourly Data $0$33
Hourly Rate $12.67 - $20.16
Overtime $13.04 - $33.60
Annual Data $0$48K
Bonus $1,250
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).
)
$26,898 - $48,858
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 64

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

Insurance Claims Processor Job Listings

Pay by Experience Level for Insurance Claims Processor

Pay by Experience for an Insurance Claims Processor has a positive trend. An entry-level Insurance Claims Processor with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 64 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Claims Processor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $30,000 based on 15 salaries. An experienced Insurance Claims Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 21 salaries. An Insurance Claims Processor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $42,000 based on 14 salaries.

Related Job Salaries

Key Stats for Insurance Claims Processor

Gender

Female
89 %
Male
11 %

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 11 votes.
Less than 1 year
6%
1-4 years
43%
5-9 years
19%
10-19 years
16%
20 years or more
15%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Claims Processor Salaries

Late-Career
▲25%

Experienced
▲21%

National Average
$33,000

Entry-Level
▼5%

Mid-Career
▼9%

Skills That Affect Insurance Claims Processor Salaries

National Average
$33,000


Claim Handling
▼2%

Data Entry
▼12%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 11 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
6%
1-4 years
43%
5-9 years
19%
10-19 years
16%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 60%
vision benefits
Vision: 58%
no benefits
None: 20%
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