You need to obtain a bond to protect against Medicare/Medicaid fraud and abuse. If you do not follow the rules set by the Centers for Medicare & Medicaid Services (CMS), a claim can be filed on your bond. For example, if you are a medical equipment, prosthetics, orthotics and supplies (DMEPOS) provider and sell unnecessary medical equipment to patients and bill to Medicare, a claim can be made. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
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 often so you will want to check to see if your state has a bond requirement. The federal bond requirements are in place nationwide.
How long do I need to maintain a bond?
As long as you operate in the field and maintain a license.
What if a false claim is filed?
You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.
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