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salary information

Salary Information for a Claims Specialist in Denver, CO

Median salary:

This data reflects Total Cash for a Level 6 Claims Specialist at a mid-size company. To get more detailed information on total compensation for the role of Claims Specialist in Denver, CO, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Claims Specialist in Denver, CO?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

71.8

Total Comp (TC)

Cost of Living (COL) Index
71.8
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Claims Specialist in Denver, CO?

Claims Specialists are responsible for processing and managing claims related to insurance policies, ensuring that all claims are thoroughly investigated and appropriately resolved. They are also responsible for communicating with policyholders, insurance agents, and other stakeholders to provide exceptional customer service and support throughout the claims process. Additionally, Claims Specialists must stay up-to-date with policy changes, regulatory requirements, and industry trends to ensure accuracy and compliance in their work.

What are the characteristics of a level 6 Claims Specialist?

A level 6 Claims Specialist in Denver, CO is a superstar! They are critically important to growth and product development. There are only a handful of indivduals at this level throughout the company. They shape and develop department objectives from company strategies. Average experience 15 years.

Claims Specialist

Benchmark Role

Individual Contributor

Job Type

Claims

Job Family

Business

Job Area

Quality of Life in Denver, CO on a $125,800 Salary

Cost of Living

  • Overall Cost Index: Denver's cost of living index is higher than the national average. While not the most expensive city in the U.S., its costliness can be significant.
  • Groceries and Dining: Food prices are moderately above average, with dining out at restaurants being slightly pricier compared to the rest of the country.
  • Transportation: Public transportation is accessible and generally affordable, although many residents prefer the convenience of owning a car.

Housing Market

  • Median Home Price: As of 2023, the median home price in Denver hovers around $600,000, considerably higher than the national median.
  • Rent: Renting can also be expensive, with average costs for a two-bedroom apartment nearing $2,000 per month.
  • Market Trends: The housing market is competitive. With steady demand, prices have been rising, although not as sharply as in previous years.

Quality of Life

  • Outdoor Activities: Proximity to the Rocky Mountains offers extensive opportunities for outdoor recreation and an active lifestyle, highly valued by residents.
  • Climate: Denver enjoys over 300 days of sunshine annually, although winters can be cold with occasional heavy snowfalls.
  • Cultural Scene: A vibrant arts and culture scene, including museums, theaters, and music venues, enhances urban living.

Access to Healthcare

  • Healthcare Quality: Denver is home to several renowned hospitals and healthcare providers. Overall access and quality are above average.
  • Health Insurance: Costs are comparable to national averages, but plans can be tailored to fit most financial situations.

Quality of K-12 Schools

  • Public Schools: Denver Public Schools (DPS) offer varying degrees of quality, with some schools receiving high ratings and others in need of improvement.
  • Private and Charter Schools: The city offers a range of respected private and charter schools, providing alternatives to the public education system.
  • Educational Opportunities: Resources for extracurricular activities and specialized programs are widely available, promoting a well-rounded education.

Summary

With a salary of $125,800, an individual in Denver can enjoy a comfortable lifestyle, although they must navigate a higher-than-average cost of living. The robust housing market requires careful financial planning. Quality of life is enhanced by access to outdoor activities, a lively cultural scene,

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OpenComp aggregates multiple data sources to provide accurate salary data for Denver, CO, specifically for a Level 6 Claims Specialist. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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