Medicare Billing Specialist Salary

Medicare Billing Specialists in the United States are largely female. The average salary of the entire group is approximately $15.58 per hour. Medical benefits are awarded to a fair number, and the greater part earn dental coverage. Most Medicare Billing Specialists like their work and job satisfaction is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$31,526 - $51,864
(Median)
$32K
$40K
$52K
MEDIAN: $39,512
10%
50%
90%

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$12.29 - $20.45
(Median)
$12
$16
$20
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$31,526 - $51,864  
   
Bonus
$0.00 - $19,574  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,105 - $44,799  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 17
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$12.29 - $20.45  
   
Overtime
$14.15 - $30.24  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $19,574  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,105 - $44,799  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 102
United States (change)

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Job Description for Medicare Billing Specialist

  • Act as point of contact for eligibility and third party billing questions and processes.
  • Collect co-pays and deductibles, enter new patients into the system and answer questions.
  • Reconcile data across billing and clinical systems, verifying data with patients.
  • Process and create orders, bills and invoices.
  • Follow up with late payments.

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Medicare Billing Specialists only report a few specific skills. Those who have experience with Medicaid & Medicare Billing, Knowledge of Medicaid & Medicare, and Medicaid & Medicare Regulation can expect to be compensated well for these skills. Skills that pay less than market rate include Medicaid & Medicare Regulation and Knowledge of Medicaid & Medicare.

Pay by Experience Level for Medicare Billing Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. In this position, someone who has worked for fewer than five years can expect a median salary of $33K. The median for people with five to 10 years of experience is only a little bit higher at $33K. Medicare Billing Specialists who work for 10 to 20 years in their occupation tend to earn about $34K. Medicare Billing Specialists who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $36K.

Related Job Salaries

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Experience Affects Medicare Billing Specialist Salaries

Late-Career
up arrow 8%

Experienced
up arrow 2%

National Average
$34,000

Entry-Level
up arrow 3%

Mid-Career
up arrow 3%

Skills That Affect Medicare Billing Specialist Salaries

Medicaid & Medicare Billing
up arrow 2%

National Average
$34,000

Knowledge of Medicaid & Medicare
up arrow 9%

Medicaid & Medicare Regulation
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 21 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
3%
1-4 years
27%
5-9 years
25%
10-19 years
32%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 64%
medical benefits
Vision: 45%
dental benefits
None: 18%
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