Medicare Increased Payment For Administration Of COVID-19 Vaccines

Effective March 15, Medicare will nearly double what it pays to administer COVID-19 vaccines to about $40 per dose in order to reflect the costs involved. The exact payment rate will depend on the type of service provider and location.

An announcement from the Centers for Medicare & Medicaid Services (CMS) can be obtained at https://www.cms.gov/newsroom/press-releases/biden-harris-administration-increases-medicare-payment-life-saving-covid-19-vaccine.