When Do You Need a DMEPOS Bid Bond?
The Centers for Medicare & Medicaid Services (CMS) requires DMEPOS suppliers to obtain a bid bond for each CBA (Competitive Bidding Area) they would like to bid on.
The required bond amount is $50,000, and once obtained, suppliers must provide proof of the bid bond(s) by uploading copies in Connexion by the close of the bid window. More information about this process can be found on the CMS website.
The bid bonds must remain in effect until they are collected by CMS due to forfeiture, or the liability is returned for not meeting forfeiture conditions.
How Much Do DMEPOS Bid Bonds Cost?
Pricing is a small percentage of the $50,000 bond amount (generally 1-5%), and is based on personal credit and financials.
Get a Free Quote Instantly Online
If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online. We are the nation’s largest volume bond producer, and provide the lowest rates in the industry.