Insurance Claims Processors are clerks who process requests for insurance companies. They include processing new insurance policies, modifying existing ones, and obtaining information from policyholders to verify their accounts' accuracy. They analyze insurance information, perform data entry, handle insurance claims compensations, and judge whether a claim should be processed or discarded.
Typically, you need to possess a high school degree equivalent to vocational and associate's degrees to become Insurance Claims Processor. However, you're not required to hold a formal qualification as you must have experience with customer service or paperwork in the relevant field.
The graduates who approach this field end up laying claim to annual earnings at $37,927. The current median pay for an Insurance Claims Processor ranges from $33,012 to $46,104 in the U.S. However, this figure can vary significantly depending upon your experience and skills.
There is more than meets the eye when it comes to being an insurance claims processor. For example, did you know that they make an average of $15.64 an hour? That's $32,536 a year!
Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.
There are certain skills that many insurance claims processors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, math skills and organizational skills.
When it comes to the most important skills required to be an insurance claims processor, we found that a lot of resumes listed 17.9% of insurance claims processors included insurance companies, while 13.6% of resumes included data entry, and 11.5% of resumes included medical records. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the insurance claims processor job title. But what industry to start with? Most insurance claims processors actually find jobs in the insurance and health care industries.
If you're interested in becoming an insurance claims processor, one of the first things to consider is how much education you need. We've determined that 22.8% of insurance claims processors have a bachelor's degree. In terms of higher education levels, we found that 3.0% of insurance claims processors have master's degrees. Even though some insurance claims processors have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an insurance claims processor. When we researched the most common majors for an insurance claims processor, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on insurance claims processor resumes include high school diploma degrees or diploma degrees.
You may find that experience in other jobs will help you become an insurance claims processor. In fact, many insurance claims processor jobs require experience in a role such as customer service representative. Meanwhile, many insurance claims processors also have previous career experience in roles such as cashier or administrative assistant.