Insurance Claims Analyst Salary

Median pay for Insurance Claims Analysts in the United States lies in the neighborhood of $49K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Though the majority of Insurance Claims Analysts do not report high levels of job satisfaction, most are moderately content with their role. More than half of Insurance Claims Analysts (66 percent) survey participants are women. Medical benefits are awarded to most, and a strong majority earn dental coverage. This report is based on answers to PayScale's salary questionnaire.
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$33,058 - $74,628
$33K
$49K
$75K
MEDIAN: $48,884
10%
50%
90%

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$12.98 - $24.72
$13
$17
$25
MEDIAN: $16.73
10%
50%
90%

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$0$74K
Salary $33,058 - $74,628
Bonus $0.00 - $9,759
Profit Sharing $1,967
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).
)
$30,388 - $70,379
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 126
Hourly Data $0$33
Hourly Rate $12.98 - $24.72
Overtime $18.83 - $33.86
Annual Data $0$70K
Bonus $0.00 - $9,759
Profit Sharing $1,967
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).
)
$30,388 - $70,379
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 84

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Insurance Claims Analyst

Insurance claims analysts are responsible for a variety of tasks, including reviewing and analyzing claims and expenses, processing new claims and completing old ones, and acting as a liaison among the company, attorneys, insurance brokers, carriers and offices. They are also in charge of preparing and filing legal documents, cataloging files for storage, handling personal issues for their company CEO, and supervising employees. The insurance claims analyst also interviews, hires, and trains employees, as well as addresses any employee complaints and problems. These analysts generally work for insurance companies specifically or for companies that need that services.

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Insurance Claims Analyst Tasks

  • Reviews and processes claim transactions, reports, monitors charges and payments.
  • Identifies coordination of benefits with other insurers.
  • Resolves claims processing errors and issues.
  • Completes analysis of claims processing including payments and compliance.

Common Career Paths for Insurance Claims Analyst


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Insurance Claims Analysts who go on to become Insurance Claims Specialists may see somewhat stagnant compensation. On average, an Insurance Claims Specialist, an upper-level role, pays $41K.

Insurance Claims Analyst Job Listings

Pay by Experience Level for Insurance Claims Analyst

Pay by Experience for an Insurance Claims Analyst has a positive trend. An entry-level Insurance Claims Analyst with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 91 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Claims Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $58,000 based on 44 salaries. An experienced Insurance Claims Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $49,000 based on 49 salaries. An Insurance Claims Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $54,000 based on 24 salaries.

Insurance Claims Analyst Reviews

Q: What is it like working as an Insurance Claims Analyst?

Insurance Claims Analyst in Woodland Hills:
Pros: Helping people.
Cons: Takes time to learn everything.

Related Job Salaries

Key Stats for Insurance Claims Analyst

Gender

Female
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.
Less than 1 year
10%
1-4 years
35%
5-9 years
19%
10-19 years
22%
20 years or more
13%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Claims Analyst Salaries

Mid-Career
▲33%

▲24%

▲12%

National Average
$43,000

▼6%

Skills That Affect Insurance Claims Analyst Salaries

Negotiation
▲71%

▲16%

Oral / Verbal Communication
▲4%

National Average
$43,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
10%
1-4 years
35%
5-9 years
19%
10-19 years
22%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 75%
vision benefits
Vision: 64%
no benefits
None: 15%
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