T2040 Financial mgt waiver/15min
Also known as: Financial management, Money management
Financial management services under waiver program, billed per 15-minute interval. Assistance with money management, budgeting, bill payment, and financial planning.
In Plain Language
Help managing money and bills; Budget assistance services
Clinical Context
Waiver-funded financial management services enabling individuals with cognitive or behavioral disabilities to manage personal finances, pay bills, and make sound financial decisions.
RVU Information
CPT T2040 does not have a physician work RVU assigned by CMS. Reimbursement for this code is determined by payer-specific fee schedules.
Billing & Documentation
This HCPCS code requires documentation of medical necessity and a valid physician order. Coverage and reimbursement policies vary by payer. Check with the specific insurer for prior authorization requirements.
Specialties
Frequently Asked Questions
What is CPT code T2040?
CPT T2040 (Financial mgt waiver/15min) is a Other HCPCS code. Financial management services under waiver program, billed per 15-minute interval. Assistance with money management, budgeting, bill payment, and financial planning.
Does Medicare cover T2040?
Medicare coverage for T2040 depends on medical necessity and applicable Local Coverage Determinations (LCDs). Waiver-funded financial management services enabling individuals with cognitive or behavioral disabilities to manage personal finances, pay bills, and make sound financial decisions. A physician order is typically required.
When is CPT T2040 used?
Waiver-funded financial management services enabling individuals with cognitive or behavioral disabilities to manage personal finances, pay bills, and make sound financial decisions.
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CPT® is a registered trademark of the American Medical Association. Data sourced from CMS Physician Fee Schedule RVU26A. Descriptions, synonyms, and clinical context are original content by RVU Edge.