How much does a Claims Processor make?
Claims processors handle insurance claims and investigate the details. They ensure that the right amount is paid to the claimant. On average, a claims processor makes about $48,890 a year. This average number changes based on experience, company, and location.
Here is a look at how much claims processors make across different experience levels.
- Newcomers: $32,580 per year
- 1–3 years: $37,691 per year
- 4–6 years: $42,802 per year
- 7–9 years: $47,913 per year
- 10–12 years: $53,024 per year
- 13–15 years: $58,135 per year
- 16–18 years: $63,245 per year
- 19–21 years: $68,356 per year
- 22–24 years: $73,467 per year
- 25–27 years: $78,578 per year
- 28–30 years: $83,689 per year
- More than 30 years: $88,800 per year
What are the highest paying cities for a Claims Processor?
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San Diego, CA
Average Salary: $70,135
San Diego offers a dynamic work environment for those in the claims industry. With prominent companies like Anthem and Kaiser Permanente, opportunities abound. Professionals here benefit from a mild climate and a thriving local economy.
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San Francisco, CA
Average Salary: $69,421
In San Francisco, working as a claims processor means being part of a tech-driven insurance world. Companies such as Blue Shield of California and Nationwide are key players. The city’s innovative spirit makes it an exciting place to build a career.
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Chicago, IL
Average Salary: $67,505
Chicago is home to some of the nation’s largest insurance firms. Working here means being part of companies like Allstate and Farmers Insurance. The city’s rich history and diverse culture provide a unique backdrop for professionals.
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Los Angeles, CA
Average Salary: $63,482
Los Angeles offers a fast-paced environment for claims processors. Major companies such as UnitedHealth Group and Health Net offer plenty of opportunities. The city’s vibrant lifestyle makes it a great place to live and work.
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Portland, OR
Average Salary: $62,165
In Portland, claims professionals can enjoy a balance between work and life. Companies such as Providence Health & Services provide excellent career opportunities. The city’s natural beauty and outdoor activities enhance the overall experience.
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Boston, MA
Average Salary: $60,558
Boston’s historic charm meets modern business practices for claims processors. Key employers like Harvard Pilgrim Health Care and Blue Cross Blue Shield of Massachusetts offer solid career paths. The city’s educational institutions add to its appeal.
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Jacksonville, FL
Average Salary: $59,669
Jacksonville offers a growing market for claims professionals. Companies like Aetna and Cigna provide good opportunities. The city’s affordability and beach access make it a great place to live.
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Atlanta, GA
Average Salary: $57,256
Atlanta is a hub for claims work with major employers like Piedmont Healthcare and WellCare. The city’s rapid growth and diverse culture create a vibrant work atmosphere.
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Houston, TX
Average Salary: $55,837
Houston offers a stable environment for claims processors with companies such as Humana and Blue Cross Blue Shield of Texas. The city’s economic strength and cultural diversity add to the appeal.
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Las Vegas, NV
Average Salary: $52,528
Las Vegas offers an exciting environment for those in the claims industry. With companies like Health Plan of Nevada and UnitedHealth Group, professionals can enjoy dynamic job opportunities. The city’s vibrant entertainment scene makes it an attractive place to work.
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What are the best companies a Claims Processor can work for?
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National General
Average Salary: $72,866
National General offers competitive salaries for Claims Processor roles. They operate in various locations across the United States, providing opportunities for growth and career advancement in the insurance industry.
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ICW Group
Average Salary: $58,080
ICW Group is recognized for its supportive work environment and offers solid compensation for Claims Processor positions. They have offices nationwide, allowing for potential relocation and career growth.
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HUB International
Average Salary: $57,767
HUB International provides a comprehensive benefits package and a stable work environment. They have multiple locations in the U.S., which enhances job opportunities for Claims Processors.
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M&T Bank
Average Salary: $57,715
M&T Bank offers attractive compensation for Claims Processor jobs. They operate in several states, providing opportunities for career development and geographic flexibility.
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Zenith American Solutions, Inc.
Average Salary: $55,803
Zenith American Solutions, Inc. provides competitive salaries for their Claims Processors. They have a presence in various cities, offering a dynamic work environment.
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CCMSI
Average Salary: $50,937
CCMSI offers a fair salary for Claims Processor roles. They operate in multiple locations, providing opportunities for professional growth within the insurance sector.
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Plymouth Rock Assurance
Average Salary: $49,231
Plymouth Rock Assurance provides a stable salary for Claims Processor positions. They have offices across the country, offering various career paths and development opportunities.
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Sierra Pacific Industries
Average Salary: $45,000
Sierra Pacific Industries offers a decent salary for Claims Processor jobs. They operate in several locations, providing a solid foundation for career progression.
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Health Care Service Corporation
Average Salary: $44,319
Health Care Service Corporation offers a reasonable salary for Claims Processor roles. They have offices throughout the U.S., offering diverse career opportunities.
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Lightwave Dental
Average Salary: $43,636
Lightwave Dental provides a competitive salary for their Claims Processors. They have multiple locations, which can provide opportunities for career advancement within the dental insurance sector.
How to earn more as a Claims Processor?
Becoming a Claims Processor can be a rewarding career. It involves handling insurance claims and ensuring they are processed correctly. To earn more in this role, there are several steps one can take. Improving your skills and knowledge often leads to higher earnings. For example, gaining certifications or specialized training can make you more valuable.
Additionally, increasing experience plays a crucial role in earning more. Each year spent in the field often translates to higher pay. Networking within the industry can also lead to better job opportunities and higher salaries. Seeking roles in larger companies or those with more clients can provide more earning potential. Finally, considering relocation to areas with higher demand for Claims Processors can lead to better-paying jobs.
Here are five factors to consider if aiming to earn more as a Claims Processor:
- Certifications: Earning certifications can increase your value.
- Experience: More experience often leads to higher pay.
- Networking: Building connections can lead to better opportunities.
- Company size: Larger companies may offer higher salaries.
- Location: Relocating to high-demand areas can increase earnings.
