Medicare / DMEPOS Surety Bond

Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Bonding Guide

Suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) are required by The Centers for Medicare & Medicaid Services (CMS) to have a Medicare surety bond.

How to Get a Medicare Surety Bond for DMEPOS Suppliers

Getting a Medicare surety bond for DMEPOS suppliers is easy with Surety1.com. Our simple, three-step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the DMEPOS Surety Bond will be shipped to the bond principal (applicant) for the required original signature.
^{1-The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.  All of the surety companies Surety1 represents are listed on the Department of the Treasury’s Listing of Approved Sureties. Surety1 also maintains an A+ rating from the Better Business Bureau. 

What is a Medicare Surety Bond for DMEPOS Suppliers?

The Centers for Medicare & Medicaid Services (CMS) requires all suppliers of durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) to have a Medicare surety bond. This bond protects CMS from financial losses in the event that a DMEPOS supplier commits fraud or bills Medicare incorrectly.

The Medicare surety bond amount is $50,000 for each National Provider Identifier (NPI) that a DMEPOS supplier maintains. This means that if a DMEPOS supplier has two NPI locations, they would need a $100,000 surety bond. This bond is also referred to as a DMEPOS Surety Bond. This is a type of surety bond and the minimum bond amount is $50,000. The bond is to protect CMS, and states that they will be able to recoup any losses caused by fraudulent activity or incorrect billing by the company that purchases the bond. If they feel you have wronged them in a financial matter they can file a claim with your surety company. The claim will be researched and if the surety company pays out, you must pay them back.

Surety1 has access to the best markets available so we’re able to get you a firm quote for your DMEPOS Surety Bond, no matter your situation.

Who Needs a DMEPOS Surety Bond?

Most suppliers of durable medical equipment, prosthetics, orthotics, and supplies who intend to bill Medicare are required to obtain a DMEPOS surety bond. This includes, but is not limited to, businesses providing:

Oxygen equipment

• Hospital beds
• Power wheelchairs
• Canes and crutches
• Diabetic supplies
• Home dialysis supplies and equipment
• Therapeutic shoes
• Parenteral/enteral nutrition
• Transfusion medicine
• Pharmacies that bill for non-accredited DMEPOS products
• Pedorthists, mastectomy fitters, orthopedic fitters/technicians, and athletic trainers who bill Medicare

Exemptions:

Certain individuals and entities may be exempt from the DMEPOS surety bond requirement. These generally include:

• Government-operated DMEPOS suppliers if they provide a comparable surety bond under state law.
• State-licensed orthotic and prosthetic personnel in private practice who solely own and operate their business, furnish items only to their own patients as part of their professional service, and only bill for orthotics, prosthetics, and supplies.
• Physicians and non-physician practitioners (e.g., physician assistants, nurse practitioners) who furnish items only to their own patients as part of their professional service.
• Physical and occupational therapists in private practice who solely own and operate their business, furnish items only to their own patients as part of their professional service, and only bill for orthotics, prosthetics, and supplies.

Medicare DMEPOS Enrollment and Bonding Guide

In order to become a registered supplier of durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS), you must submit an application and supporting documents (such as a surety bond) to the Centers for Medicare & Medicaid Services (CMS).

This guide will explain who needs to go through this process, how to enroll, and how to get the required surety bond. Read the Medicare DMEPOS Enrollment and Bonding Guide.

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