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Insurance Claims Processor Salary

The average Insurance Claims Processor in the United States earns approximately $14.32 per hour. While some workers in this profession — nearly one in five — do not have any health coverage, a fair number do receive medical benefits and the larger part have dental insurance. Women make up the vast majority of Insurance Claims Processors (86 percent) who answered the questionnaire. For the most part, people in this position report moderate levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$24,335 - $49,580
(Median)
$24K
$34K
$50K
MEDIAN: $34,408
10%
50%
90%

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$11.11 - $19.47
(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
$24,335 - $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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Insurance Claims Processors who responded to the survey indicated only a few skills that they use on the job. Claim Handling and Customer Service are considered valuable skills and can increase employee pay.

Pay by Experience Level for Insurance Claims Processor

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


Experience and pay tend to be weakly linked for Insurance Claims Processors — those with more experience do not necessarily bring in higher earnings. Someone who has worked for fewer than five years earns around $30K on average. Individuals with five to 10 years of experience don't get much more, though; the average income in this group is $33K. Insurance Claims Processors see a median salary of $37K after reaching one to two decades on the job. After two decades in the workforce, the average Insurance Claims Processor generally earns more than ever; median pay for this group is estimated at $41K.

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%