What’s the New Surety Bond Requirement?
Dentists who provide durable medical equipment and participate in a CMS billing program now must obtain a DMEPOS surety bond and file it with the Center Center for Medicare and Medicaid Services. The surety bond must meet the following requirements below:
- The bond must be written by a T-Listed surety
- The bond must be no less than $50,000
- The bond must be obtained within sixty days of receipt of a formal notification from the CMS.
Failure to obtain a bond within the required time frame will lead to the revocation of the dentist’s Medicare Provider Transaction Access Number (PTAN).
Why Choose JW Surety Bonds?
JW Surety Bonds works with the top T-Listed sureties in the U.S., and can assist all dentists with obtaining the DMEPOS bond. We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
Get a Free Quote Instantly Online
If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.