Section 447.405 - Amount of required minimum payments(a) For CYs 2013 and 2014, a state must pay for physician services described in § 447.400 based on the lower of: (1) The Medicare Part B fee schedule rate that is applicable to the specific site of service or, at the state's option, the office setting and is also adjusted for either the specific geographic location of the service or reflects the mean over all counties of the rate for each E&M code. If there is no applicable rate, the rate specified in a fee schedule established and announced by CMS (that is, the product of multiplying the Medicare CF in effect at the beginning of CYs 2013 or 2014 (or the CY 2009 CF, if higher) and the CY 2013 and 2014 relative value units (RVUs).(2) The provider's actual billed charge for the service.(b) For vaccines provided under the Vaccines for Children Program in CYs 2013 and 2014, a State must pay the lesser of: (1) The Regional Maximum Administration Fee; or,(2) The Medicare fee schedule rate in CY 2013 or 2014 (or, if higher, the rate using the 2009 conversion factor and the 2013 and 2014 RVUs) for code 90460. 77 FR 66700 , Nov. 6, 2012, as amended at 77 FR 74382 , Dec. 14, 2012