Claims Processor Salary

Median pay for Claims Processors in the United States lies in the neighborhood of $15.01 per hour. This group's pay is mainly influenced by the particular firm, followed by geography and experience level. For the most part, Claims Processors enjoy their work and report high levels of job satisfaction. The vast majority of Claims Processors (86 percent) who participated in the survey are women. Medical benefits are awarded to most, and a strong majority earn dental coverage. The data in this summary comes from the PayScale salary survey.

$29,168 - $48,431
$29K
$37K
$48K
MEDIAN: $36,684
10%
50%
90%

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$11.48 - $19.87
$11
$15
$20
MEDIAN: $15.01
10%
50%
90%

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$0$48K
Salary $29,168 - $48,431
Bonus $450.00 - $2,897
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).
)
$24,739 - $46,332
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 102
Hourly Data $0$28
Hourly Rate $11.48 - $19.87
Overtime $17.37 - $28.51
Annual Data $0$46K
Bonus $450.00 - $2,897
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).
)
$24,739 - $46,332
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 282

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Claims Processor

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.

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Claims Processor Tasks

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

Claims Processor Job Listings

Popular Employer Salaries for Claims Processor


Allstate Insurance Company, State Farm Insurance Company, Blue Cross and Blue Shield of South Carolina, Inc. (BCBSSC), WellPoint, Inc., and UnitedHealth Group are some prominent firms with considerable interest in employing a large team of Claims Processors. Those at State Farm Insurance Company can expect to make the most, with the company offering a median salary of $47K. Those in search of high salaries should also consider Allstate Insurance Company, Cigna Corporation, and UnitedHealth Group, top-paying firms where Claims Processors rake in a solid $35K, $32K, or $31K, respectively.

Allstate, WellPoint, Inc., and UnitedHealth Group are a few other employers known for handing out relatively lightweight salaries ($29K, $30K, and $31K respectively).

Popular Skills for Claims Processor


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 for Claims Processor

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

National Average: $33,274

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).

Claims Processor Reviews

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

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.

Related Job Salaries

Key Stats for Claims Processor

Gender

Female
87 %
Male
13 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.
Less than 1 year
7%
1-4 years
46%
5-9 years
19%
10-19 years
19%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Claims Processor Salaries

▲21%

▲12%

▲5%

National Average
$33,000

▼8%

Skills That Affect Claims Processor Salaries

▲4%


National Average
$33,000


Medical Coding
▼2%

Typing
▼5%

Microsoft Office
▼6%

▼7%

Data Processing
▼9%

Data Entry
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
7%
1-4 years
46%
5-9 years
19%
10-19 years
19%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 79%
vision benefits
Vision: 74%
no benefits
None: 12%
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