T2050 — Financial management, self-directed, waiver; per diem
T2050 is a HCPCS Level II code for financial management, self-directed, waiver; per diem. It belongs to the National Codes for State Medicaid Agencies section. Medicare does not pay it — see the coverage note below before you bill it.
Medicare coverage: Not payable by Medicare
Medicare does not pay this code. It may still be valid for another payer, but a Medicare claim carrying it will not be reimbursed.
From the coverage field of the CMS Alpha-Numeric HCPCS File, release 2026Q3-Jul. This states Medicare’s position on the code, not on your particular claim.
Physician fee schedule statusI
Not valid for Medicare purposes. Medicare uses another code.
Global period: XXX
Want the dollar amount for your locality? The fee calculator applies your GPCI and the current conversion factor.
The CMS record for T2050
- Long descriptor
- Financial management, self-directed, waiver; per diem
- Short descriptor
- Financial mgt waiver/diem
- Added
- April 1, 2022
- BETOS
- Z2
- Pricing indicator
- 00 — Not priced by Part B
The official wording. This is what the code means.
CMS's 28-character form, which is what shows up on a remittance advice.
When CMS introduced the code.
Berenson-Eggers Type of Service — CMS's own analytic grouping.
Service not separately priced by Part B — not covered, bundled into another service, or used by Part A only.
Codes adjacent to T2050
HCPCS has no hierarchy — related items simply sit next to each other in the numbering. If T2050 is not quite right, the correct code is very often within a few positions of it.
- T2042Hospice routine home care; per diem
- T2043Hospice continuous home care; per hour
- T2044Hospice inpatient respite care; per diem
- T2045Hospice general inpatient care; per diem
- T2046Hospice long term care, room and board only; per diem
- T2047Habilitation, prevocational, waiver; per 15 minutes
- T2048Behavioral health; long-term care residential (non-acute care in a residential treatment program where stay is typically longer than 30 days), with room and board, per diem
- T2049Non-emergency transportation; stretcher van, mileage; per mile
- T2051Supports brokerage, self-directed, waiver; per diem
- T2101Human breast milk processing, storage and distribution only
- T4521Adult sized disposable incontinence product, brief/diaper, small, each
- T4522Adult sized disposable incontinence product, brief/diaper, medium, each
- T4523Adult sized disposable incontinence product, brief/diaper, large, each
- T4524Adult sized disposable incontinence product, brief/diaper, extra large, each
- T4525Adult sized disposable incontinence product, protective underwear/pull-on, small size, each
- T4526Adult sized disposable incontinence product, protective underwear/pull-on, medium size, each
Questions about T2050
What is HCPCS code T2050?
T2050 is a HCPCS Level II code for financial management, self-directed, waiver; per diem. It sits in the National Codes for State Medicaid Agencies section.
Does Medicare cover T2050?
The CMS HCPCS file marks T2050 as "Not payable by Medicare". Medicare does not pay this code. It may still be valid for another payer, but a Medicare claim carrying it will not be reimbursed.
How is T2050 paid under the physician fee schedule?
T2050 carries PFS status code I. Not valid for Medicare purposes. Medicare uses another code.