Medicaid Medical Billing Specialist salary in Iceland

Average Yearly Salary of Medicaid Medical Billing Specialist in Iceland is approximately 6,809,567 ISK (47,873 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Medicaid Medical Billing Specialist do?

A Medicaid billing clerk is responsible for processing and submitting medical claims to the Medicaid program on behalf of healthcare providers. They ensure that all necessary documentation and information are accurately entered into the billing system, including patient demographics, diagnosis codes, procedure codes, and billing amounts. Medicaid billing clerks also verify eligibility and coverage for patients, follow up on outstanding claims, and communicate with insurance companies and healthcare providers to resolve any billing issues or discrepancies.

Skills: Medicaid billing, Medical claims processing, Healthcare administration, Insurance billing, Healthcare reimbursement, Healthcare finance
Job industry: Healthcare

How much does Medicaid Medical Billing Specialist make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Medicaid Medical Billing Specialist a well paid job?

No, our data shows that Medicaid Medical Billing Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Medicaid Medical Billing Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Medicaid Medical Billing Specialist?

High salary for Medicaid Medical Billing Specialist would be somewhere between 7,490,524 ISK and 9,873,872 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Medicaid Medical Billing Specialist in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 6,809,567 ISK
Estimated Monthly Salary: 567,464 ISK
Estimated Weekly Salary: 130,953 ISK per week
Estimated Hourly Salary: 3,274 ISK per hour
By working as Medicaid Medical Billing Specialist a person can save up to 1,261 USD per month or 15,127 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Medicaid Medical Billing Specialist

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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