The Florida Medicaid Provider Bond is required by Florida’s Agency for Health Care Administration in the amount of $50,000. This bond is required when a company providing Medicaid is more than 50% owned by non-physicians or by a for-profit hospital.
What is the purpose of the Florida Medicaid Provider Bond?
The bond helps ensure good business practices by the Medicaid provider. In addition, it ensures that the State of Florida receive any and all fees as required. The Florida Medicaid Provider Bond has a one year term. It must remain active and valid in order for the Medicaid provider to lawfully operate business.
What are other requirements?
The Medicaid Provider must be fully operational, located in Florida or no more than 50 miles from the Florida border. As well as, they must meet all applicable provider qualifications. Applicants must submit to a background investigation. For providers that are labeled as moderate or high categorical risk, they will also have a face to face interview.
Where can I get a Florida Medicaid Provider Bond?
Surety1 can easily get you the bond that you need. You can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states and our services have earned an A+ rating from the Better Business Bureau.