2024 Medicare Fee Schedule (March 9 Forward)
[Editorial Note: This article is retained for archival purposes only. The information reflects policies, data, or requirements that were accurate as of the publication date but may have been superseded by newer guidance. It should not be relied upon for current compliance or decision-making. For the most up-to-date information, visit www.ilchiro.org.]
Following the government funding bill that was passed on March 9, 2024, and signed by President Biden, CMS has now updated the 2024 Medicare fee schedule that previously went into effect on January 1, 2024. The revision reduced the previous cuts by 1.68 percent. On March 25, 2024, NGS released the revised Medicare Physician Fee Schedule with the new amounts that went into effect on March 9, 2024. The fee schedule increased rate is not retroactive for all of 2024 but will apply to claims filed for services rendered on and after March 9th. The table below reflects the adjusted fee schedule.
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At this time, the following fee schedule is in place for March 9, 2024 – December 31, 2024.
2024 IL Fee Schedule
| Zone | Codes | Par | Non-Par | Limiting Charge |
| 12 | 98940 98941 98942 | $26.60 $38.28 $49.36 | $25.27 $36.37 $46.89 | $29.06 $41.83 $53.92 |
| 15 | 98940 98941 98942 | $28.15 $40.36 $51.88 | $26.74 $38.34 $49.29 | $30.75 $44.09 $56.68 |
| 16 | 98940 98941 98942 | $28.01 $40.14 $51.58 | $26.61 $38.13 $49.00 | $30.60 $43.85 $56.35 |
| 99 | 98940 98941 98942 | $26.40 $38.06 $49.11 | $25.08 $36.16 $46.65 | $28.84 $41.58 $53.65 |
LOCALITY/AREA COUNTIES
12 Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, Montgomery, Randolph, St. Clair, Washington
15 DuPage, Kane, Lake, Will
16 Cook
99 All Other Counties
