As of March 01, 2026, the average salary for an Insurance Billing Specialist I in the United States is $41,056 per year, which breaks down to an hourly rate of $20.
However, an Insurance Billing Specialist I's salary can vary significantly. Here’s a look at the typical salary range:
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Insurance Billing Specialist I Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $45,520 | $3,793 | $875 | $22 |
| Average | $41,056 | $3,421 | $790 | $20 |
| 25th Percentile | $38,178 | $3,182 | $734 | $18 |
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An Insurance Billing Specialist I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of an Insurance Billing Specialist I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Insurance Billing Specialist I | 0-2 years | $41,056 |
| Insurance Billing Specialist II | 2-4 years | $45,766 |
| Insurance Billing Specialist III | 4-7 years | $51,128 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Billing Specialist Is. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how an Insurance Billing Specialist I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $45,520 | $3,793 | $875 | $22 |
| Average | $41,056 | $3,421 | $790 | $20 |
| 25th Percentile | $38,178 | $3,182 | $734 | $18 |
For an Insurance Billing Specialist I, the most direct path to higher earnings is advancing to the Insurance Billing Specialist II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $45,766 - a projected growth of 11% over your current level.
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Compensation PlanningHere are companies hiring for Insurance Billing Specialist I and their salaries, click below for more details.
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Ready to take the next step in your career? Browse thousands of current Insurance Billing Specialist I job openings on our job board. Use the search bar below to find your perfect match.
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An Insurance Billing Specialist I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Insurance Billing Specialist I earns the most in San Jose, CA, where the annual salary of an Insurance Billing Specialist I is $51,784.
The highest pay for Insurance Billing Specialist I is $49,584.
The lowest pay for Insurance Billing Specialist I is $35,558.
Coordinates and administers group insurance customer billing in compliance with all legal regulations, industry standards, and operational guidelines. Documents and inputs claims and payment records, verifies payment types, and reconciles customer accounts. Prepares and distributes applicable documentation and resources for customers. Monitors group accounts for lapses and supports the reinstatement process to verify insurability and risk level, calculate overdue balances and interest, and ensure additional reinstatement requirements are met. Collects, analyzes, and reports financial information to policyholders, customers, or management. May require a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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