David,
It looks like it will, we just started 2 months ago and already seen the payments.
Basically, You are providing two different services in one day.
You document and bill your E&M as you usually do, this reimbursement is subject to deductible and coinsurance.
Of course, It will take you some extra time to collect and put in order the documentation to justify the AWV billing. You will need to get familiar with the requirements and see how much it will take you to do it. It could easily take extra 15-30 min depending of the complexity of the patient.
Here in NJ, G0438 (initial AWV, paid once a lifetime)pays $188 and the G0439 (subsequent AWV) pays around $ 126. This payments are not subjected to deductible of coinsurance.
Look into this website for guidance
http://www.capturebilling.com/medicare-g0438-g0439-two-new-annual-wellness-visit-codes/
