How do I get a DMEPOS surety bond?
- Submit a Free Online Application, call 800-901-3099 or email us
- We provide a free quote
- Buy the bond
What is the cost to get a DMEPOS surety bond?
The annual premium rates usually fall between 0.5% – 2% of the bond amount. Our high volume allows us to provide the best rates.
How long will it take to get a DMEPOS surety bond?
You can get an electronic copy the same day & the original bond in your hand by the next morning in most cases. The underwriting is typically a simple one-page application used to soft pull your credit, although occasionally additional information may be required.
What is a DMEPOS surety bond?
DMEPOS surety bonds are required of suppliers of durable medical equipment, prosthetics, orthotics and supplies who accept Medicare or Medicaid payments for those products. Pharmacies and dentists often need them for example. It’s purpose is to protect against billing fraud and abuse.
The most common DMEPOS surety bond is the $50,000 federal bond required by the Centers for Medicare & Medicaid Services (CMS). A separate bond is required for each National Provider Identifier (NPI) obtained for DMEPOS billing purposes.
Many states have not required bonds in the past while some have, such as Florida, Texas and Minnesota. The bond amount has varied by state. If your state does not require a bond then there is no reason to get one. Since regulations can change frequently you should check with the state to see if a bond is required for your specific circumstances.
Why do I need a DMEPOS surety bond?
It is required by the federal or state Obligee to remain in compliance with the applicable laws & regulations.
When do I need a DMEPOS surety bond?
Most often you will need to give the Obligee a fully executed bond before they will fully complete your enrollment.
What should I do with a DMEPOS surety bond?
First, sign the original bond we send you as indicated by the included signature flags. Then send the complete, original bond to the Obligee along with any other paperwork they require.
Other names for DMEPOS surety bonds:
- Medicare surety bond
- CMS surety bond
- Centers for Medicare Medicaid services surety bond
- Durable medical equipment DME surety bond
- Pharmacy surety bond
- Medicaid surety bond