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Billing code J3465 · Pharmacy

J3465 Medicaid reimbursement rate by state (2026)

Injection, voriconazole, 10 mg. Medicaid pays a median of $0.58 for J3465 across 35 states, from $0.53 in Colorado to $5.54 in New Jersey.

Data as of Oct 5, 202635 statesEvery rate links to its official source

States publishing
35
National median
$0.58units vary by state
Lowest
$0.53Colorado
Highest
$5.54New Jersey
Answer

What does Medicaid pay for J3465?

35 state Medicaid programs publish a fee-for-service rate for J3465. The national median is $0.58 (units differ between states). New Jersey pays the most, $5.54, and Colorado the least, $0.53, a 10.5x spread.

State ranking

J3465 rate by state: highest, middle and lowest

One like-for-like fee-for-service rate per state, ranked. The workspace lists all 35 states with every variant, modifier and effective date.

#StateMedicaid rateUnitPer hourManaged-care plans% of Medicare
1New Jersey Source · since 2025-01-01$5.54——Not classified—
2Arkansas Source · since 2025-06-13$4.51——Not classified—
3Iowa Source · since 2024-05-01$3.04——Plans must pay at least this—
17Utah Source · since 2026-10-01$0.62——Plans negotiate; applies out of network—
18Nevada Source · since 2026-09-01$0.58——Plans must pay at least this—
19Rhode Island Source · since 2026-07-01$0.56——Plans negotiate; applies out of network—
34West Virginia Source · since 2026-10-01$0.54810 MG—Plans negotiate; applies out of network—
35Colorado Source · since 2026-10-01$0.53——Not classified—
See all 35 states for J3465 — start free

27 more states, with every modifier and provider-type variant, rate history and the plan rule in each state. 14-day free trial, no credit card.

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Rates are per the unit shown for each state; units can differ between states. Medicare amounts are computed from the CMS relative value file and locality cost indices; states with several Medicare localities show a range. Confirm rates with the payer before billing.

Track J3465 in your states. Get an alert when any state changes it, with every variant and the managed-care rule.
Guide

How to read this table

  • Order. States are listed from the highest published rate to the lowest. No single unit is shared by 8 or more states for J3465, so the order is by published amount and is not a like-for-like rank.
  • Medicaid rate. The most the state's fee-for-service program pays for one unit, as published. 9 of the 35 states list more than one rate for J3465, by modifier, provider type or setting; the table shows the one that matches the provider level and setting used across states, without add-ons.
  • Unit. Of the 35 states, 1 publish J3465 per unit and 1 per 10 mg, and 33 schedules print no unit at all (a flat amount per service).
  • Per hour. J3465 is not billed in time units in these states, so no hourly figure is shown.
  • Managed-care plans. The rule the state sets for its plans on this rate. What each rule means is explained below.
  • % of Medicare. No Medicare physician fee schedule amount is on file for J3465, so there is no percentage.
  • Source and date. Each Source link opens the state's own document; “since” is the date the rate took effect.
Context

Why J3465 rates differ between states

Published rates for J3465 run from $0.53 in Colorado to $5.54 in New Jersey, a 10.5x gap in the same unit. Half the states pay more than the median of $0.58 and half pay less. The usual reasons for a spread like this in pharmacy rates:

  • States differ in whether they pay a fixed fee, a percentage of a benchmark or invoice cost.
  • Drugs given in a practice or clinic are commonly priced from a benchmark such as average sales price or wholesale acquisition cost, which moves every quarter.
  • For children, many vaccines are supplied through the federal Vaccines for Children program, so the Medicaid payment can be for administration only.

Timing matters too. 27 states set the current rate for J3465 in 2026 or later, while 1 state still pay a rate that took effect in 2022 or earlier. A state that has not updated its rate in years will drift down the ranking as others raise theirs.

Managed care

What managed-care plans pay for J3465

Most Medicaid members are in managed-care plans, and plans don't publish their provider fee schedules. For J3465, the public signal is the rule each state sets for its plans, recorded on each rate above.

In 5 states, the published rate binds plans: a floor, a pass-through or a state-set rate. In 15 states, plans negotiate and the published rate is a benchmark or out-of-network default. The rule for the remaining 15 states is not classified yet.

  • Plans negotiate; the published rate applies out of network (15 states). In-network rates can be above or below the published rate. The published rate is the benchmark both sides know, and the fallback if no contract is signed.
  • Plans must pay at least the published rate (4 states). The published rate is your floor. Negotiate up from it, and if a plan pays less, the contract provision is the basis for a payment dispute.
  • The state sets the plan rate (1 state). There is little to negotiate on price. Contracting is about network participation, authorization and billing terms.

Plan-negotiated rates are never estimated here. To see the rule and its citation for a particular state, open that state's managed-care page, for example New Jersey managed care.

Billing

Units and billing for J3465

J3465 is a HCPCS Level II drug code in the pharmacy line, billed mostly by practices and clinics that administer vaccines and drugs. J codes cover drugs that are not self-administered. One unit is the dose stated in the code, so a claim for a larger dose bills several units.

Drug codes are billed in units of the dose stated in the code, so a larger dose bills more units. Many states require the National Drug Code (NDC) on the claim alongside the billing code.

Before billing, confirm the rate, unit and any modifier with the state's current schedule or the plan: the amounts here are as published, not a guarantee of payment.

FAQ

Frequently asked questions

What does Medicaid pay for J3465?

It depends on the state. Of the 35 states with a published fee-for-service rate, the median is $0.58. New Jersey pays the most ($5.54) and Colorado the least ($0.53).

Which state pays the highest Medicaid rate for J3465?

New Jersey, at $5.54, effective 2025-01-01.

Which state pays the lowest Medicaid rate for J3465?

Colorado, at $0.53, effective 2026-10-01.

What unit is J3465 billed in?

Of the 35 states, 1 publish J3465 per unit and 1 per 10 mg, and 33 schedules print no unit at all (a flat amount per service).

Do managed-care plans pay the same rate for J3465?

Not necessarily. In 5 states, the published rate binds plans: a floor, a pass-through or a state-set rate. In 15 states, plans negotiate and the published rate is a benchmark or out-of-network default. The rule for the remaining 15 states is not classified yet. Each rule is cited to the plan contract, statute or notice in the workspace.