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Medicare Billing Specialist Salary (United States)

Medicare Billing Specialists in the United States typically take home $15.41 per hour. A fair portion enjoy medical while most get dental coverage. Vision coverage is also available to a little less than half. Female Medicare Billing Specialists far outnumber their male contemporaries in the field. For the most part, Medicare Billing Specialists enjoy their work and report high levels of job satisfaction. Replies to PayScale's salary questionnaire form the basis for this summary.
Medicare Billing Specialist Salary (?
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.
)
$11.15 - $20.77
(Median)
11
14
18
21
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$8$16$24
Hourly Rate
$11.15 - $20.77  
   
Overtime
$15.22 - $23.49  
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$16K$32K$48K
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).
)
$25,488 - $44,613  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 41
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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.
Survey participants with less than five years' experience pocket $33K on average, but those with five to 10 years of experience enjoy a much bigger median of $36K. After working for 10 to 20 years, Medicare Billing Specialists make a median salary of $33K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $31K. Medicare Billing Specialists with one to 10 years of experience are most common in the field, followed by those with 10 to 20 years and more than 20 years.

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Experience Affects Medicare Billing Specialist Salaries

Mid-Career
up arrow 8%
National Average
$33,000
Entry-Level
up arrow 1%
Experienced
up arrow 2%
Late-Career
up arrow 6%

Skills That Affect Medicare Billing Specialist Salaries

Medicaid & Medicare Billing
0%
National Average
$33,000
Knowledge of Medicaid & Medicare
up arrow 6%
Medicaid & Medicare Regulation
up arrow 9%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 14 votes.

Gender

Female
88%
female alumni
 
Male
13%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
23%
5-9 years
27%
10-19 years
31%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 72%
vision benefits Vision: 47% employee benefits None: 17%