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CMS October 2026Physician Fee Schedule · Free lookup

CPT 98940 Medicare Fee Schedule 2026

Medicare's 2026 national payment for CPT 98940 is $26.72 in a non-facility setting ($18.37 in a facility), up 0.7% from $26.52 in 2025.

National rate, October 2026
Non-facility
$26.72
Facility
$18.37
vs. 2025
+0.7%
Commercial national avg.
$30.38

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98940
20262025

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Up to 5 codes · 4 remaining

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Physician Fee Schedule·98940·National·2026, 2025
Current non-facility rate
$26.72▲0.0%
Facility: $18.37
Recent trend
Code description

Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.

CodeDateStateLocalityCarrierNon-Facility FeeFacility FeeDescription
9894010/2026N/A0000000$26.72$18.37Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.
989407/2026N/A0000000$26.72$18.37Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.
989404/2026N/A0000000$26.72$18.37Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.
989401/2026N/A0000000$26.72$18.37Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.
9894010/2025N/A0000000$26.52$21.35Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.
989407/2025N/A0000000$26.52$21.35Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.
989404/2025N/A0000000$26.52$21.35Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.
989401/2025N/A0000000$26.52$21.35Chiropractic Adjustment, Chiropractic Services To Treat One To Five Areas Of The Spine. The Areas Are Moved Gently To Encourage The Body To Realign Itself.

98940 national rate by year

Each row is the latest CMS file published that year. Change is against the year before.

CMS fileNon-facilityFacilityChange
October 2026$26.72$18.37+0.7%
October 2025$26.52$21.35-2.8%
March 2024$27.30$21.64-1.8%
January 2023$27.79$22.03-0.9%
July 2022$28.03$22.15-

This is the national amount before geographic adjustment. Medicare multiplies each relative value unit by its locality's geographic practice cost index, so a practice's own allowed amount can be higher or lower; pick a state above to see its localities. The facility amount applies when the service is performed in a hospital or other facility setting.

98940: Medicare vs. commercial national average

The commercial national average for 98940, the mean of what BCBS, UnitedHealthcare, Aetna and Cigna publish nationwide, is $30.38, 114% of Medicare's $26.72.

  • BCBS $25.23
  • UnitedHealthcare $31.34
  • Aetna $27.33
  • Cigna $37.61

A national average, not a local rate: each payer's figure averages the unmodified, in-network professional rates it publishes for 98940 across the country in its transparency files. Contracted rates vary widely by market, provider and plan. Medicare's figure is its national non-facility amount before geographic adjustment.

Nearby codes

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Medicaid comparison

See what state Medicaid programs pay for 98940

50 state Medicaid agencies publish their own physician fee schedule. The 98940 page shows real published rates for several of them free, with effective dates and official sources.

17,674 codes and 974,327 published rates, taken from the files the state agencies publish themselves.