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Medicare Billing Specialist Salary

Women account for the majority of Medicare Billing Specialists in the United States. The entire group has an average salary of $15.35 per hour. Medical benefits are awarded to a fair number, and the larger part earn dental coverage. Work is enjoyable for Medicare Billing Specialists, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$11.75 - $19.80
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
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
$11.75 - $19.80  
   
Overtime
$13.28 - $34.13  
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 - $4,966  
   
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).
)
$25,615 - $42,806  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 68

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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 who responded to the survey report just a handful of professional 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 are correlated to lower pay, on the other hand, 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.


People who have worked for fewer than five years bring home $33K on average. It is reported that median compensation in the five-to-10 year group declines to approximately $32K. The average pay reported by folks with 10 to 20 years of experience is around $32K. Survey participants who have worked for more than two decades report bringing in $34K on average.

Related Job Salaries

United States (change)

Experience Affects Medicare Billing Specialist Salaries

Late-Career
up arrow 4%

National Average
$33,000

Entry-Level
up arrow 1%

Mid-Career
up arrow 2%

Experienced
up arrow 3%

Skills That Affect Medicare Billing Specialist Salaries

Medicaid & Medicare Billing
up arrow 5%

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
92 %
Male
8 %

Years of Experience

Less than 1 year
4%
1-4 years
23%
5-9 years
31%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 67%
vision benefits Vision: 46% employee benefits None: 18%