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Medicare & Medicaid (CMS Bond)

Definition: A retail and professional services license bond that ensures health service providers will follow the rules set by the CMS (Centers for Medicare & Medicaid Services). This bond is required of DMEPOS (durable medical equipment, prosthetics, orthotics and supplies) providers and personal care agencies to obtain a license.

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FAQ

  • How much does a Medicare bond cost?

  • It is a percentage of the bond amount. Get a ball park price range or apply and get a firm online quote.

  • Who needs Medicare/Medicaid bonds?

  • They are required of businesses that bill to Medicare/Medicaid such as DMEPOS (durable medical equipment, prosthetics, orthotics and supplies) suppliers and personal care agencies. The bonds are required by the Center for Medicare & Medicaid Services and can also be referred to as CMS bonds, DME bonds, DMEPOS bonds or patient trust bonds.

  • Where can I find a DMEPOS bond form?

  • We have these forms on file. The obligee may provide you a copy. In this case, we recommend you confirm the form matches what we have with your agent prior to purchasing your bond.

  • Do I need a federal or state CMS surety bond?

  • That depends on where you operate your business. Most states do not have a DMEPOS bond requirement. However, legislation changes all of the time so you will want to check to see if your state has a bond requirement. The federal bond requirements are in place nationwide.

  • Will a patient trust bond protect my personal care agency?

  • No. It protects the patient's money being kept in a trust. In order to protect your business, you need to obtain insurance. We do not handle insurance, only bonds.

  • Does a DMEPOS bond protect my company?

  • No. It protects the government from fraudulent Medicare and Medicaid billers.

  • How long do I need to maintain a bond?

  • As long as you operate in the field and maintain a license.

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Medicare & Medicaid Bond Requirements

SELECT A BOND TYPE BELOW TO APPLY

Filter by state
BOND REQUIRED BY BOND FORM VERSION APPLICATION
BOND REQUIRED BY BOND FORM VERSION
Florida Medicaid Provider Surety Bond EDS Provider Enrollment, 2671 AHCA Form 2200-0006 (May 2009) APPLY NOW
Florida MEDICAID PROVIDER SURETY Bond EDS Provider Enrollment AHCA Form 2200-0006 (May 2009) APPLY NOW
Maryland Suppliers of Durable Medical Equipment, Prosthetics, Orthotics and Supplies Bond Centers for Medicare & Medicaid Services APPLY NOW
Texas Medicaid Provider Bond Bond Medicaid & Health Partnership (November 2012) APPLY NOW
Virginia Home Care Organization Bond Department of Health APPLY NOW


(Fri, 01 Mar 2013 05:58:44 -0500): Separate Centers Medicare Medicaid Services surety bonds are required for each National Provider Identifier obtained for DMEPOS billing purposes. http://www.medicarearkansas.com/

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