The average salary for a Benefits Analyst is $56,845.
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What Do Benefits Analysts Do?
A benefits analyst works closely with members of particular benefit plans, such as insurance plans and pension plans. They interact with members either in person, through e-mail, or via the telephone, helping them understand current coverage and potential future needs. Most of their time is spent reading benefit coverages and putting together plans of action for members, including explaining the details to those beneficiaries. Most benefit packages are regulated by state and federal law; a benef…Read more
Benefits Analyst Tasks
- Ensure benefit plans are administered according to plan provisions and company's regulatory guidelines.
- Work with insurance carriers to resolve issues regarding eligibility and claims.
- Provide ongoing analysis on trends, legislative changes and best practices within the benefits field.
- Participate in cross-departmental budget review for benefit plans.
- Formulate solutions to solve needs regarding benefits.
Job Satisfaction for Benefits Analyst
Popular Employer Salaries for Benefits Analyst
The top respondents for the job title Benefits Analyst are from the companies Willis Towers Watson, USI Insurance and Arthur J. Gallagher & Company. Reported salaries are highest at Aon Consulting, Inc. where the average pay is $64,500. Other companies that offer high salaries for this role include Marsh & Mclennan Companies Inc and Willis Towers Watson, earning around $51,220 and $50,759, respectively. Towers Watson pays the lowest at around $42,237. USI Insurance Services Corp. and USI Insurance also pay on the lower end of the scale, paying $46,730 and $50,050, respectively.
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Somewhat common (8 - 20%)
Benefits Analyst Job Listings
What Are Popular Skills for Benefits Analysts?
Skills in Benefits Administration and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Benefits & Compensation, Microsoft Office and Microsoft Excel.
What is the Pay by Experience Level for Benefits Analysts?
An entry-level Benefits Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $49,768 based on 86 salaries. An early career Benefits Analyst with 1-4 years of experience earns an average total compensation of $53,462 based on 484 salaries. A mid-career Benefits Analyst with 5-9 years of experience earns an average total compensation of $61,998 based on 224 salaries. An experienced Benefits Analyst with 10-19 years of experience earns an average total compensation of $62,848 based on 167 salaries. In their late career (20 years and higher), employees earn an average total compensation of $64,287.
Pay Difference by Location
Employees with Benefits Analyst in their job title in Los Angeles, California earn an average of 19.1% more than the national average. These job titles also find higher than average salaries in New York, New York (17.3% more) and Seattle, Washington (6.9% more). The lowest salaries can be found in Charlotte, North Carolina (12.6% less), Atlanta, Georgia (4.6% less) and Dallas, Texas (4.5% less).
Years of Experience
This data is based on 1,040 survey responses.