Medicare payment for Covid-19 vaccines jumps to $40-$80 March 15, 2021 Auto Bot Biden, CHIP, CMS, Covid-19 Vaccine, Legal, Medicaid, Medicare, News, Payers, payment 0 CMS has increased the Medicare payment rate to $40 for administering single-dose Covid-19 vaccines and $80 for two-dose vaccines. The payment increase aims to support providers as they ramp up vaccine administration.