Insurance Claims Processor Salary

Average Insurance Claims Processors in the United States make around $13.89 per hour. A strong majority enjoy medical while the greater part get dental coverage. Vision coverage is also available to the larger part. Most workers in this position report moderate levels of job satisfaction. There are far more female Insurance Claims Processors who answered the questionnaire than men, making up 87 percent. The numbers in this rundown were provided by PayScale's salary survey participants.
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$24,098 - $49,809
(Median)
$24K
$34K
$50K
MEDIAN: $34,413
10%
50%
90%

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$10.91 - $19.44
(Median)
$11
$14
$19
MEDIAN: $13.00
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
$24,098 - $49,809  
   
Bonus
$0.00 - $2,015  
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).
)
$23,629 - $46,760  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 88
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
$10.91 - $19.44  
   
Overtime
$13.17 - $27.82  
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 - $2,015  
   
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).
)
$23,629 - $46,760  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 124
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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 typically list a handful of skills they use on the job. 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.


Insurance Claims Processors with a lot of experience do not necessarily enjoy more money. Individuals who have worked for fewer than five years bring in approximately $29K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $31K. Insurance Claims Processors claiming one to two decades of experience make an estimated median of $37K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $41K.

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Experience Affects Insurance Claims Processor Salaries

Late-Career
up arrow 31%

Experienced
up arrow 20%

Mid-Career
up arrow 1%

National Average
$31,000

Entry-Level
up arrow 6%

Skills That Affect Insurance Claims Processor Salaries

Claim Handling
up arrow 7%

National Average
$31,000

Customer Service
up arrow 1%

Data Entry
up arrow 6%

Job Satisfaction

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

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
10%
1-4 years
39%
5-9 years
19%
10-19 years
18%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 66%
vision benefits Vision: 56% employee benefits None: 19%
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