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Billing code S5550 · Pharmacy

S5550 Medicaid reimbursement rate by state (2026)

Insulin, rapid onset, 5 units. Medicaid pays a median of $0.42 for S5550 across 5 states, from $0.14 in Minnesota to $4.88 in California.

Data as of Oct 5, 20265 statesEvery rate links to its official source

States publishing
5
National median
$0.42units vary by state
Lowest
$0.14Minnesota
Highest
$4.88California
Answer

What does Medicaid pay for S5550?

5 state Medicaid programs publish a fee-for-service rate for S5550. The national median is $0.42 (units differ between states). California pays the most, $4.88, and Minnesota the least, $0.14, a 34.9x spread.

State ranking

S5550 rate by state: highest, middle and lowest

One like-for-like fee-for-service rate per state, ranked. The workspace lists all 5 states with every variant, modifier and effective date.

#StateMedicaid rateUnitPer hourManaged-care plans% of Medicare
1California Source · since 2026-07-01$4.88——Plans negotiate; applies out of network—
2Texas Source · since 2025-09-01$0.54——Plans negotiate; applies out of network—
3Nevada Source · since 2025-01-01$0.42——Plans must pay at least this—
See all 5 states for S5550 — start free

2 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.

  • Source for every rate
  • Full rate history
  • CSV and API export

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 S5550 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 S5550, 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. 2 of the 5 states list more than one rate for S5550, 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. None of the 5 schedules prints a separate unit for S5550, so each amount is a flat payment for one service as the code defines it.
  • Per hour. S5550 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 S5550, 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 S5550 rates differ between states

Published rates for S5550 run from $0.14 in Minnesota to $4.88 in California, a 34.9x gap in the same unit. Half the states pay more than the median of $0.42 and half pay less. The usual reasons for a spread like this in pharmacy rates:

  • 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.
  • States differ in whether they pay a fixed fee, a percentage of a benchmark or invoice cost.

Timing matters too. 1 state set the current rate for S5550 in 2026 or later, while 2 states 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 S5550

Most Medicaid members are in managed-care plans, and plans don't publish their provider fee schedules. For S5550, the public signal is the rule each state sets for its plans, recorded on each rate above.

In 1 state, the published rate binds plans: a floor, a pass-through or a state-set rate. In 4 states, plans negotiate and the published rate is a benchmark or out-of-network default.

  • Plans negotiate; the published rate applies out of network (4 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 (1 state). 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.

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 California managed care.

Billing

Units and billing for S5550

S5550 is a HCPCS Level II temporary national code in the pharmacy line, billed mostly by practices and clinics that administer vaccines and drugs. S codes were created for private payers and are widely used by Medicaid programs for services Medicare does not cover, such as home nursing and home infusion. Units range from 15 minutes to a day.

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

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 S5550?

It depends on the state. Of the 5 states with a published fee-for-service rate, the median is $0.42. California pays the most ($4.88) and Minnesota the least ($0.14).

Which state pays the highest Medicaid rate for S5550?

California, at $4.88, effective 2026-07-01.

Which state pays the lowest Medicaid rate for S5550?

Minnesota, at $0.14, effective 2004-04-01.

What unit is S5550 billed in?

None of the 5 schedules prints a separate unit for S5550, so each amount is a flat payment for one service as the code defines it.

Do managed-care plans pay the same rate for S5550?

Not necessarily. In 1 state, the published rate binds plans: a floor, a pass-through or a state-set rate. In 4 states, plans negotiate and the published rate is a benchmark or out-of-network default. Each rule is cited to the plan contract, statute or notice in the workspace.