A Discount Medical Plan Organization Surety Bond is a license and permit surety bond required by certain government jurisdictions. A Discount Medical Plan Organization is a person or a business entity that contracts, on behalf of plan members, with a provider or provider network for access to medical services at a discounted rate. Medical services can be defined as but not limited to the following; physician care, inpatient care, hospital surgical services, emergency medical services, ambulance services, dental care services, vision care services, mental health care services, substance abuse services, chiropractic services, podiatric services, laboratory test services, the provision of medical equipment or supplies, and pharmaceutical supplies or prescriptions. The bond protects the members against any insolvency of the plan organization as well as guarantees that the organization will follow all applicable rules and regulations for their license.
These bonds are also known as Discount Health Plan Organization surety bonds.