T2040 HCPCS code: Financial management, self-directed, waiver; per 15 minutes
T2040 is the HCPCS Level II code for financial management, self-directed, waiver; per 15 minutes. Its Medicare coverage code is I (Not payable by Medicare): Medicare does not pay separately under this code; another code applies.
Code details
| Field | Value |
|---|---|
| Section | T codes — National codes established for state Medicaid agencies |
| Coverage code | I — Not payable by Medicare |
| Pricing indicator | 00 — Not separately priced by Medicare |
| BETOS category | Z2 |
| Added | 2003-10-01 |
| Last action effective | 2003-10-01 |
What changed for T2040
- 2003-10-01: T2040 added to HCPCS Level II
- Next scheduled CMS quarterly update (HCPCS and DMEPOS fee schedule): 2027-01-01
Frequently asked questions
What is HCPCS code T2040?
T2040 is the HCPCS Level II code for financial management, self-directed, waiver; per 15 minutes. Short descriptor: "Financial mgt waiver/15min".
Does Medicare cover T2040?
Coverage code I — Not payable by Medicare. Medicare does not pay separately under this code; another code applies.
Related T20 codes
- T2001 — Non-emergency transportation; patient attendant/escort
- T2002 — Non-emergency transportation; per diem
- T2003 — Non-emergency transportation; encounter/trip
- T2004 — Non-emergency transport; commercial carrier, multi-pass
- T2005 — Non-emergency transportation; stretcher van
- T2007 — Transportation waiting time, air ambulance and non-emergency vehicle, one-half (1/2) hour increments
- T2010 — Preadmission screening and resident review (pasrr) level i identification screening, per screen
- T2011 — Preadmission screening and resident review (pasrr) level ii evaluation, per evaluation
- T2012 — Habilitation, educational; waiver, per diem
- T2013 — Habilitation, educational, waiver; per hour
- T2014 — Habilitation, prevocational, waiver; per diem
- T2015 — Habilitation, prevocational, waiver; per hour
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Next steps
- Run a reimbursement report for a device billed under T2040
- Watch T2040 for fee, coverage and descriptor changes
- Build a full Medicare revenue model for T2040
Sources: CMS HCPCS Level II release October 2025; CMS DMEPOS fee schedule; CMS NCCI MUE tables; CMS Medicare utilization (physician and DME supplier files); CMS Medicare Coverage Database articles. Fees are Medicare allowables, not commercial rates. Not billing or legal advice.