Medicare Supply Bond
A Durable Medical Equipment Suppliers Bond (also called a DMEPOS Bond or Medicare Bond) is a federal surety bond required by the Centers for Medicare and Medicaid Services for suppliers of durable medical equipment, prosthetics, orthotics and supplies.
Durable Medical Equipment Bondsare for suppliers (excluding sole proprietorships) must post a minimum $50,000 surety bond for each National Provider Identifier (NPI) practice location prior to receiving authorization to bill Medicare. A larger surety bond limit (additional coverage) is required in situations where the applicant has been subject to past legal action such as a felony conviction, loss or suspended accreditation, suspended license, or lost Medicare billing privilege.
Obtaining and maintaining an Durable Medical Equipment bond at Jane Bond Surety is simple.
Many bonds can be obtained in as little as an hour. Some take longer. Use the highlighted bullet points above to determine what you can expect when applying for this bond. Many (not all) bonds require a credit check. In many instances it simply depends on the actual bond one is applying for and the insurance company's experience in that category. Some bonds are considered low risk and some are considered higher risk. Bonds that do not require a credit check are usually instantly issued.
We, at Jane Bond Surety & Insurance, take your Durable Medical Equipment bond very seriously. We also consider the cost. We make every effort to obtain the quickest bond at the lowest rate. If at any juncture you have any questions call us at: 1-844-933-4455.
Quote via email.
Once we receive your app we will locate the best rate available to us. We will communicate that to you via email. The email will contain instructions on how to proceed.
When you decide to move forward we will provide you with options to pay the premium, receive the bond as well as shipping options. It's really that simple!