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Medicare Billing Specialist Salary

Most Medicare Billing Specialists in the United States are women. The workforce as a whole earns a median of approximately $15.15 per hour. A fair number report receiving medical coverage from their employers and the greater part collect dental insurance. For the most part, Medicare Billing Specialists enjoy their work and report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
$10.48 - $20.12
(Median)
10
14
17
20
MEDIAN: $15.00
10%
25%
75%
90%

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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
$10.48 - $20.12  
   
Overtime
$13.18 - $34.39  
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 - $1,210  
   
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).
)
$25,198 - $43,657  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 52
United States (change)

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.

Biller, Medical Office Job Listings

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Professional skills reported by Medicare Billing Specialists are few in number. 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 seem to negatively impact pay 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.


Salaries for the relatively untried average out to around $32K, but survey participants with five to 10 years of experience earn a significantly higher median of $33K. Medicare Billing Specialists see a median salary of $32K after reaching one to two decades on the job. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

Related Job Salaries

Experience Affects Medicare Billing Specialist Salaries

Mid-Career
up arrow 2%

Entry-Level
0%

National Average
$33,000

Late-Career
up arrow 1%

Experienced
up arrow 2%

Skills That Affect Medicare Billing Specialist Salaries

Medicaid & Medicare Billing
0%

National Average
$33,000

Knowledge of Medicaid & Medicare
up arrow 4%

Medicaid & Medicare Regulation
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
5%
1-4 years
25%
5-9 years
26%
10-19 years
31%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 70%
vision benefits Vision: 46% employee benefits None: 17%