What is a Medicare Bond & Medicaid Bond?
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.
What Do Medicare Bond & Medicaid Bonds Cost?
These bonds generally cost between 1-15% of the requirement bond amount. The percentage you must pay is based on your financial strength, e.g. personal credit, business financials, etc. You you're ready for a quote, can get a free quote on your bond now. You can also take a look at the most frequent surety bond related questions here.
Frequently Asked Questions
Apply and get approved on our website, sign the surety agreements, and we will ship the bond out. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
Yes, it’s possible, but bad credit usually results in higher rates.
Yes. We provide the lowest rates possible as a result of the large volume of bonds we write.
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.