Medicare & Medicaid (CMS Bond)
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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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.
Get an online quote for a DMEPOS Surety Bond
(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.
(Tue, 30 Jul 2013 01:27:17 -0400): It is an good security bond I admire that it will give some protection from Medicare fraud.
<a href="http://www.medicarenewmexico.com/">Medicare new mexico</a>.Jan Glover
(Tue, 20 Aug 2013 14:29:57 -0400): What do you need from us to get a surety bond for Medicare?Rachel Gentry-Rhodes
(Fri, 17 Jan 2014 14:27:13 -0500): Can you use the same surety bond for Medicare & Medicaid in Florida? I am getting mixed answers.JW Surety Bonds
(Mon, 20 Jan 2014 08:27:18 -0500): Hi Rachel,
Thank you for contacting us but we suggest you contact your state for the answer to your question.
If you need help getting bonded, you can apply directly on our website and receive a quote at https://www.jwsuretybonds.com/protools.htm.
Please let us know if you need further assistance.
Questions? Ask us here!
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