Other names for this bond: Medicare Provider License Bond, DMEPOS Surety Bond, Medicare Provider Bond, Medicaid DMEPOS Bond
Medicare Provider Surety Bonds
Rates Starting at $250/Yr!
Suppliers of certain durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) must post a surety bond as a condition of new or continued Medicare enrollment with billing privileges.
Fill out the online application to receive a free bond quote. We will provide you the best price available based on your business and personal financial health.
On December 29, 2008, the Centers for Medicare & Medicaid Services (CMS) announced regulations requiring suppliers of certain durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) to post a surety bond as a condition of new or continued Medicare enrollment. The regulation states that beginning May 4, 2009, suppliers seeking to enroll or changing the ownership of a DMEPOS supplier must submit a $50,000 surety bond for each assigned NPI for which the DMEPOS supplier is seeking toobtain Medicare billing privileges. Existing DMEPOS suppliers must submit to the NSC a $50,000 surety bond for each assigned NPI no later than October 2, 2009.
In addition, a DMEPOS supplier enrolling a new practice location must submit to the NSC a new surety bond or an amendment or rider to the existing bond, showing the new practice location is covered by an additional base surety bond of $50,000. Suppliers who have certain adverse legal actions imposed against them in the past may be required to post a higher bond amount. The final regulations permit the NSC to require DMEPOS suppliers to obtain a base surety bond of $50,000 and an elevated surety bond of $50,000 for each occurrence of an adverse legal action within ten years preceding enrollment, revalidation, or reenrollment in the Medicare program.
In addition, a DMEPOS supplier enrolling a new practice location must submit to the NSC a new surety bond or an amendment or rider to the existing bond, showing the new practice location is covered by an additional base surety bond of $50,000. Suppliers who have certain adverse legal actions imposed against them in the past may be required to post a higher bond amount. The final regulations permit the NSC to require DMEPOS suppliers to obtain a base surety bond of $50,000 and an elevated surety bond of $50,000 for each occurrence of an adverse legal action within ten years preceding enrollment, revalidation, or reenrollment in the Medicare program.
Suppliers of certain durable medical equipment, prosthetics, orthotics, and supplies are required to obtain this surety bond to activate their license.
Rates for DMEPOS Provider Bonds start at $250 annually. Bond rates are determined by your business' financial health. We will shop for the best rates for you and email you a free bond quote.
Complete the online application. You may also request a PDF application via an email to apps@southcoastsurety.com
If you have any questions, please call our team of Medicaid supplier bonding experts at 800-361-1720. We will help you get bonded quickly at the best rates in the nation!
If you have any questions, please call our team of Medicaid supplier bonding experts at 800-361-1720. We will help you get bonded quickly at the best rates in the nation!