As of August 01, 2026, the average salary for a Policy Processing Specialist III in the United States is $60,863 per year, which breaks down to an hourly rate of $29.
However, a Policy Processing Specialist III's salary can vary significantly. Here’s a look at the typical salary range:
Policy Processing Specialist III Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $70,731 | $5,894 | $1,360 | $34 |
| Average | $60,863 | $5,072 | $1,170 | $29 |
| 25th Percentile | $52,521 | $4,377 | $1,010 | $25 |
A Policy Processing Specialist III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how geographic location and company size can directly affect your earning potential.
Policy Processing Specialist III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $65,684. While startup companies pay approximate $55,701.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $55,701 |
| Growth Stage | 51~500 | $58,881 |
| Established | 501~5000 | $63,459 |
| Enterprise | 5000+ | $65,684 |
Understanding how a Policy Processing Specialist III'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 | $70,731 | $5,894 | $1,360 | $34 |
| Average | $60,863 | $5,072 | $1,170 | $29 |
| 25th Percentile | $52,521 | $4,377 | $1,010 | $25 |
Next Role
Advancement
Promotions are the fastest way to increase your earnings. As a Policy Processing Specialist III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Policy Change Supervisor | $82,223 | 35% |
| Policy Processing Team Leader | $78,378 | 29% |
| New Policy Manager | $126,758 | 108% |
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A Policy Processing Specialist III'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, a Policy Processing Specialist III earns the most in San Jose, CA, where the annual salary of a Policy Processing Specialist III is $76,766.
The highest pay for Policy Processing Specialist III is $79,715.
The lowest pay for Policy Processing Specialist III is $44,926.
Responsible for modifying, updating, and processing existing policies and claims to reflect any changes in beneficiary, amount of coverage, or type of insurance. Evaluates information from application for completeness, accuracy, and policy requirements. Responds to questions from customers, processes payments, issues premium notices, and enters billing/account changes. May cancel policies for late or no payment of premium. Requires a high school diploma or equivalent. Typically reports to a supervisor. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience.
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