$37,103
Avg. Salary
$15.43
Avg. Hourly Rate

Average additional compensation:

$1,513

Bonus

$1,850

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Claims Processor is $15.43 per hour.

The average pay for a Claims Processor is $37,103 per year.

10%
$11.85
10%
$15.43
50%
$20.09
90%
90%
MEDIAN $15.43
10%
$29k
10%
$37k
50%
$49k
90%
90%
MEDIAN $37,103
$29,186 - $49,203
$29K
$37K
$49K
MEDIAN: $37,103
10%
50%
90%

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$11.85 - $20.09
$12
$15
$20
MEDIAN: $15.43
10%
50%
90%

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$0$49K
Salary $29,186 - $49,203
Bonus $253 - $4,055
Profit Sharing $1,850
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).
)
$25,372 - $46,056
  • Country: United States
  • Currency: USD
  • Updated: 12 Mar 2019
  • Individuals Reporting: 155
Hourly Data $0$29
Hourly Rate $11.85 - $20.09
Overtime $15.61 - $29.76
Annual Data $0$46K
Bonus $253 - $4,055
Profit Sharing $1,850
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).
)
$25,372 - $46,056
  • Country: United States
  • Currency: USD
  • Updated: 12 Mar 2019
  • Individuals Reporting: 491

Job Description

Claims processors - also called claims adjustors - are responsible for accurately and efficiently entering and processing claims for their organization. Claims processors generally work in the insurance industry and they work for many types of companies (such as those specializing in health insurance, automobile insurance, and/or home insurance). These claims may be received via the computer, on paper, or over the phone; processed claims create approvals (which send payment) or denials. Claims processors may be required to answer phone calls from policyholders related to claims, and they must be able to answer such calls quickly and accurately. They typically work in an office setting during normal business hours. If they answer phone calls, claims processors may be required to work on weekends and evenings. This position may be part time or full time, and some companies allow claims processors to work from home. Claims processors generally work seated at a computer workstation for extended periods of time.

Read More...
Claims Processor Tasks
  • Coordinate claims with Medicare and other group insurance carriers.
  • Audit other team member's claims as needed.
  • Determine proper payees for benefits in order to discharge company's liabilities.
  • Approve claim payments.
  • Process flexible spending account claims of any type for multiple welfare plans according to established rules and guidelines.

Popular Employer Salaries

$0$50K

$31,723

$33,085

$46,238

$34,842

$25,000

Allstate
2 profiles
$36,600

Common Career Paths


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Claims Processors who go on to become Insurance Claims Processors may see somewhat stagnant compensation. On average, an Insurance Claims Processor, an upper-level role, pays $32K.

Job Listings

Popular Skills


Claims Processors report using a wide range of professional skills. Most notably, skills in Insurance, Customer Service, Claim Handling, and Medical Coding are correlated to pay that is above average. At the other end of the pay range are skills like Data Entry, Data Processing, and Billing. Those proficient in Claim Handling are, more often than not, also skilled in Billing and Medical Coding.

Pay by Experience Level

Pay by Experience for a Claims Processor has a positive trend. An entry-level Claims Processor with less than 5 years of experience can expect to earn an average total compensation of $30,000 based on 209 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 $35,000 based on 94 salaries. An experienced Claims Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 79 salaries. A 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 $40,000 based on 27 salaries.

Pay Difference by Location

-5%

National Average: $33,992

Larger city markers indicate a job is popular in that location.

For Claims Processors, busy Louisville offers a higher-than-average pay rate, 15 percent above the national average. Claims Processors can also look forward to large paychecks in cities like Houston (+12 percent), New York (+11 percent), Sacramento (+5 percent), and Phoenix (+4 percent). Compared to the national average, Columbia Claims Processors have considerably lower salaries, 24 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Below-median salaries also turn up in Richmond and San Antonio (9 percent lower).

Job Reviews

Q: What is it like working as a Claims Processor?

Claims Processor in Coppell:
"It's very stressful working when they entire department is unorganized and managers are put in a position when they know absolutely nothing about the job itself."
Pros: My Co-workers and the Vacation Time
Cons: It's currently very unorganized and the pay for the amount of stress we deal with on a daily basis

Claims Processor in Hampton:
"Low pay doesnt match cost of living."
Pros: the beach and being free
Cons: winter

Claims Processor in Iselin:
"Great location and commute."
Pros: The commute
Cons: It’s an unknown town. Often mistaken for Woodbridge.

Claims Processor in Portland:
"Stressful in every aspect."
Pros: The people
Cons: Traffic

Claims Processor in Manhattan:
"I love the job and what it brings everyday."
Pros: Meeting new people and learning new disabilities and situations of the clients for the cases I process.
Cons: None.

Claims Processor in Tacoma:
"Call Center Insurance Claim Handler."
Pros: Ability to help people in need. Encouragement of training and ability to move to different areas of the company.
Cons: Rigidity of call center environment. Cubicle farm.

Related Job Salaries

Gender

Female
87 %
Male
13 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 108 votes.
Less than 1 year
6%
1-4 years
45%
5-9 years
18%
10-19 years
21%
20 years or more
10%

How Experience Affects Salaries

▲19%

▲10%

▲3%

National Average
$34,000

▼10%

How Skills Affect Salaries

▲1%

National Average
$34,000



Medical Coding
▼4%

Typing
▼7%

Microsoft Office
▼8%

▼9%

Data Processing
▼11%

Data Entry
▼20%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 108 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
6%
1-4 years
45%
5-9 years
18%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 77%
vision benefits
Vision: 72%
no benefits
None: 13%