Medicare (DMEPOS) Supplier Bond

Medicare (DMEPOS) Supplier Bond

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! 

DMEPOS Suppliers $50,000 Bond Application  – Download Here
Business and Personal Financial Statements Required

CMS Announces Surety Bond Requirements for DMEPOS Suppliers

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 to obtain 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.

The final regulations are effective March 3, 2009. Some companies or organizations that supply DMEPOS are exempt from the surety bond requirements. Such exemptions include:

  • Certain physician and non-physician practitioners
  • Physical therapists
  • Occupational therapists
  • State-licensed orthotic and prosthetic personnel
  • Government-owned suppliers

 

DMEPOS Suppliers $50,000 Bond Application  – Here
Business and Personal Financial Statements Required
Rates start at $250 annually

South Coast Surety has access to All Markets writing this bond. We can match your firm with the best program available.

RATES START AT ONLY $250

For the Best Program:

If an applicant needs one bond, we need the application completed and signed, including:

1.      The complete name and address for the applicant.  Please note this is the name the bond will be written in.

2.      National Provider Identification (NPI) Number and NationalProvider Transaction Access Number (PTAN) – also known as the Medicare Legacy Number per enrolled location.

3.      Personal information on each owner of the business.  This includes the name, address, social security number and verification whether he/she owns any real estate.

4.      Business and personal indemnity of all owners and spouses.

5.      Information regarding how long they have been in business.

If the applicant has been in business for less than three years, does not own real estate, or has more than one enrolled location and therefore needs more than one bond, the following additional information is needed:

6.      A business financial statement.

7.      A personal financial statement from each owner.

If you have any questions, contact our team of surety bonding experts today!

1-800-361-1720

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.
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.
Download and complete the pdf application and email it to apps@southcoastsurety.com or fax to 949-361-9926.

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!