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Insurance Claims Processor Salary

For Insurance Claims Processors, hourly average wages total $14.05 per hour. There are far more female Insurance Claims Processors who answered the questionnaire than men, making up 86 percent. Not all workers are lucky enough to have benefits; in fact, nearly one in five are without coverage. Medical insurance is claimed by a strong majority and dental insurance is reported by more than half. For the most part, people in this position report moderate levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$24,213 - $49,486
(Median)
$24K
$34K
$49K
MEDIAN: $34,203
10%
50%
90%

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$11.00 - $19.42
(Median)
$11
$14
$19
MEDIAN: $14.00
10%
50%
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
$24,213 - $49,486  
   
Bonus
$0.00 - $2,010  
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).
)
$23,868 - $46,497  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 95
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$10$20$30
Hourly Rate
$11.00 - $19.42  
   
Overtime
$13.30 - $28.06  
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$20K$40K$60K
Bonus
$0.00 - $2,010  
   
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).
)
$23,868 - $46,497  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 125

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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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Insurance Claims Processors who responded to the survey report just a handful of professional skills. Those who have experience with Claim Handling, Customer Service, and Data Entry can expect to be compensated well for these skills. At the other end of the pay range are skills like Data Entry.

Pay by Experience Level for Insurance Claims Processor

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


More years of relevant experience do not necessarily translate to higher paychecks. Individuals who have worked for fewer than five years bring in approximately $30K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $32K. The average pay reported by folks with 10 to 20 years of experience is around $37K. Insurance Claims Processors who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $41K.

Related Job Salaries

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Experience Affects Insurance Claims Processor Salaries

Late-Career
up arrow 31%

Experienced
up arrow 18%

Mid-Career
up arrow 3%

National Average
$31,000

Entry-Level
up arrow 6%

Skills That Affect Insurance Claims Processor Salaries

Claim Handling
up arrow 6%

Customer Service
0%

National Average
$31,000

Data Entry
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 42 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
9%
1-4 years
38%
5-9 years
21%
10-19 years
19%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 67%
vision benefits Vision: 56% employee benefits None: 20%