Medicare Billing Specialist Salary

Women comprise the majority of Medicare Billing Specialists in the United States. Individuals in this line of work make around $15.32 per hour on average. The majority of workers are highly satisfied with their job. Medical benefits are awarded to a fair number, and more than half earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$30,777 - $45,615

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$12.02 - $19.98

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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$16K$32K$48K
Salary
$30,777 - $45,615  
   
Bonus
$0.00 - $4,932  
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).
)
$25,636 - $43,106  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 10
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$12$24$36
Hourly Rate
$12.02 - $19.98  
   
Overtime
$13.40 - $33.81  
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$24K$48K$72K
Bonus
$0.00 - $4,932  
   
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).
)
$25,636 - $43,106  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 82
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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 report a focused set of job 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.


Workers with less than five years' experience earn around $32K on average, and those who have five to 10 years under their belts see a higher median salary of $33K. For Medicare Billing Specialists, 10 to 20 years of experience on the job amounts to an average salary of $32K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $34K.

Related Job Salaries

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Experience Affects Medicare Billing Specialist Salaries

Late-Career
up arrow 4%

Mid-Career
up arrow 1%

National Average
$33,000

Experienced
up arrow 1%

Entry-Level
up arrow 2%

Skills That Affect Medicare Billing Specialist Salaries

Medicaid & Medicare Billing
up arrow 2%

National Average
$33,000

Knowledge of Medicaid & Medicare
up arrow 6%

Medicaid & Medicare Regulation
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 17 votes.

Gender

Female
93 %
Male
7 %

Years of Experience

Less than 1 year
4%
1-4 years
26%
5-9 years
28%
10-19 years
30%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 66%
vision benefits Vision: 46% employee benefits None: 18%
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