SB3268 Passes – 35% Increase in Reimbursement Rates for Medicaid Optometric Services

The Illinois Optometric Association (IOA) is pleased to announce the Illinois General Assembly has passed SB3268, an omnibus Medicaid bill that includes a 35% increase in Medicaid reimbursement rates for the following CPT codes:
 
·        92015 (refraction)
·        92340 (spectacles; monofocal)
·        92341 (spectacles; biofocal)
 
****These new rates will take effect on January 1, 2025.
 
Leigh Ann Vanausdoll, CEO, shared her thoughts on this achievement: "This increase in reimbursement rates is a positive step forward for optometrists in Illinois. It ensures that our members can continue to provide quality care to their patients while maintaining the sustainability of their practices. We are grateful for the support from the Bipartisan Medicaid Working Group and to our Sponsor, Representative Anna Moeller."
 
Please note that the three CPT codes referenced are not included in the Governor's proposed Medicaid rate adjustments, which aim to cover 70% of Medicare expenses.