Medicare Billing Specialist Salary

The larger portion of Medicare Billing Specialists in the United States are women. Median pay in this female-dominated area goes for around $15.36 per hour. The majority of Medicare Billing Specialists claim high levels of job satisfaction. A fair number enjoy medical while more than half get dental coverage. Vision coverage is also available to a little less than half. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$30,777 - $45,615
(Median)
$31K
$39K
$46K
MEDIAN: $38,996
10%
50%
90%

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$12.00 - $20.01
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$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).
)
$25,608 - $43,154  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 10
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$12.00 - $20.01  
   
Overtime
$13.40 - $33.81  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$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).
)
$25,608 - $43,154  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 81
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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 typically list a handful of skills they use on the job. 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.


Average salaries for inexperienced employees average out to around $32K, but folks who have five to 10 years of experience earn a higher median of $33K. Medicare Billing Specialists bring in $32K after working for 10 to 20 years. Old hands who claim more than two decades on the job enjoy average earnings of $34K.

Related Job Salaries

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Experience Affects Medicare Billing Specialist Salaries

Late-Career
up arrow 4%

Mid-Career
0%

National Average
$33,000

Entry-Level
up arrow 1%

Experienced
up arrow 1%

Skills That Affect Medicare Billing Specialist Salaries

Medicaid & Medicare Billing
up arrow 3%

National Average
$33,000

Knowledge of Medicaid & Medicare
up arrow 7%

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
25%
5-9 years
29%
10-19 years
31%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 67%
vision benefits Vision: 47% employee benefits None: 17%
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