A CMS surety bond is a $50,000 bond required by the Centers for Medicare & Medicaid Services (CMS) of DMEPOS suppliers who accept Medicare payments for those products. These bonds help protect against billing fraud and abuse. A separate CMS bond is needed for each national provider identifier (NPI) obtained for Medicare billing purposes.
CMS bonds renew annually and the premium is often only 0.5% – 2% of the bond amount. The bond is typically needed as long as you keep your license. The underwriting is typically a simple one-page application, although occasionally additional information may be required.
Pharmacies and dentists most commonly need this bond, although we can help anyone. Let us get you this bond so you can get back to growing your business and helping your clients. Get your bonds today by: Free Online Application, call 800-901-3099 or email us.
CMS surety bonds are sometimes also called a: