Claims Processorbilling salary in Iceland

Average Yearly Salary of Claims Processorbilling in Iceland is approximately 6,372,814 ISK (44,699 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Claims Processorbilling do?

A claims processor in billing is responsible for reviewing and processing insurance claims for medical services rendered to patients. Their primary role is to ensure that all claims are accurate, complete, and compliant with insurance regulations. They review medical records, verify patient information, and determine the appropriate codes for billing purposes. Claims processors also communicate with healthcare providers, insurance companies, and patients to resolve any discrepancies or issues related to the claims.

Skills: Claims processor, Billing specialist, Insurance claims, Medical billing, Healthcare administration, Claims processing
Job industry: Insurance

How much does Claims Processorbilling make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Claims Processorbilling a well paid job?

No, our data shows that Claims Processorbilling is typically not a well-paid job. The salary varies based on experience. Meaning that even though Claims Processorbilling might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Claims Processorbilling?

High salary for Claims Processorbilling would be somewhere between 7,010,095 ISK and 9,240,580 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Claims Processorbilling in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 6,372,814 ISK
Estimated Monthly Salary: 531,068 ISK
Estimated Weekly Salary: 122,554 ISK per week
Estimated Hourly Salary: 3,064 ISK per hour
By working as Claims Processorbilling a person can save up to 996 USD per month or 11,953 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Claims Processorbilling

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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