As of May 01, 2025, the average annual salary for a Medical Underwriter in the United States is $71,330. According to Salary.com, salaries can range from a low of $57,231 to a high of $82,391, with most professionals earning between $63,950 and $77,120.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $77,120 | $6,427 | $1,483 | $37 |
| Average | $71,330 | $5,944 | $1,372 | $34 |
| 25th Percentile | $63,950 | $5,329 | $1,230 | $31 |
An entry-level Medical Underwriter with less than 1 year of experience earns about $68,907. With 1-2 years of experience, the average salary increases to $70,229. For 2-4 years of experience, the pay typically rises to $72,799. Senior-level professionals with 5-8 years of experience earn around $74,182, and those with over 8 years of experience can expect an average of $74,355.
| Levels | Salary |
|---|---|
| Entry Level Medical Underwriter | $68,907 |
| Intermediate Level Medical Underwriter | $70,229 |
| Senior Level Medical Underwriter | $72,799 |
| Specialist Level Medical Underwriter | $74,182 |
| Expert Level Medical Underwriter | $74,355 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 2% |
| Top Level | 4% |
| Experienced | 4% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of May 01, 2025, our research reveals a significant shift in Medical Underwriter compensation over the past six years. For example, the median salary increased from $78,379 in 2023 to approximately $75,848 in 2024. (For a detailed analysis of Medical Underwriter salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Medical Underwriter information for you to search for. Click on search button below to see Medical Underwriter job openings or enter a new job title here.
Here are companies hiring for Medical Underwriter and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $71,330 | 70.5% | ||
| Bonus | $1,040 | 1.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $5,536 | 5.5% | ||
| 401K/403B | $3,546 | 3.5% | ||
| Disability | $1,158 | 1.1% | ||
| Healthcare | $6,371 | 6.3% | ||
| Pension | $3,040 | 3.0% | ||
| Time Off | $9,185 | 9.1% | ||
| Total Compensation | $101,206 | 100% | ||
Yes, there is still demand for underwriters despite a projected 4% decline in employment from 2023 to 2033. On average, about 7,800 openings for insurance underwriters are expected each year. The salary for medical underwriters ranges from $61,190 to $74,070, with a median salary of $68,610, reflecting the ongoing need for skilled professionals in this field.
In addition to formal education, medical underwriters need a range of skills to perform their work effectively. These include advanced computer knowledge, analytical thinking, strong communication and decision-making abilities, and keen attention to detail. The salary for medical underwriters typically ranges from $61,190 to $74,070, with a median salary of $68,610.
While certifications aren't required to become an underwriter, they can enhance your appeal to employers as you pursue opportunities in the field. As a Medical Underwriter, you can expect a salary range from $61,190 to $74,070, with a median salary of $68,610, reflecting the value of expertise and credentials in this profession.
The salary for a Medical Underwriter in the USA ranges from $61,190 to $74,070, with a mid-salary of $68,610. While the most profitable insurance companies include Berkshire Hathaway and MetLife, the earnings for Medical Underwriters reflect the industry's overall financial health, contributing to the profitability of these firms.
The workforce of Insurance underwriters in 2022 was 122,018 people, with 62.4% women and 37.6% men. The average age of male Insurance underwriters is 40.8, while for females, it is 44.9. In terms of salary, Medical Underwriters earn between $61,190 and $74,070, with a median salary of $68,610. The most common race/ethnicity for Insurance underwriters is White.
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.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
