DMEPOS Bond Guide
SuretyBonds.com offers the best service and fastest delivery for DMEPOS supplier bonds in the industry. Learn how to navigate the bonding process with this quick guide.
Bond Overview
- Purpose: To minimize Medicare billing fraud and enforce legal business practices
- Who Needs It: Suppliers of durable medical equipment, prosthetics, orthotics and supplies
- Regulating Body: The Centers for Medicare and Medicaid Services (CMS)
- Required Amount: $50,000, increases in the event of adverse legal action
- Premium Rates: Typically 0.5–2% of the coverage amount, credit-based
What Is a DMEPOS Medicare Bond?
Most suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) must file a $50,000 surety bond before they can bill Medicare. DMEPOS surety bonds are required by the Centers for Medicare and Medicaid Services (CMS) to curb medical billing fraud by physicians and medical practitioners.
DMEPOS bonds are also known as “Medicare Bonds” or “Medicaid Bonds.” Please visit our Pharmacy Wholesaler Bond page or our DMEPOS Competitive Bidding Program Bond page if those are more relevant to your needs.
Where to Buy Your DMEPOS Supplier Bond
SuretyBonds.com is the nation’s top surety provider. We offer the best service, fastest delivery and most affordable DMEPOS supplier bond prices in the industry.
Why Do You Need a Surety Bond for Medicare?
By requiring DMEPOS bonds, the CMS intends to:
- Minimize Medicare fraud by only permitting legitimate DMEPOS suppliers to enroll and participate in the Medicare program
- Guarantee the Medicare program is financially protected from potential losses due to illegal business practices
How Much Does a DMEPOS Bond Cost?
DMEPOS bond prices start at just $250 for $50,000 of coverage or $500 for higher coverage amounts. Your exact Medicare bond cost will be calculated as a percentage of the bond amount. Qualified DMEPOS suppliers with good credit typically pay between 0.5% to 2% of the bond amount with SuretyBonds.com.
Suppliers need additional coverage if any adverse legal action has been taken against the company in the past 10 years. Such actions include:
- Losing Medicare billing privileges
- Suspension or revocation of a license/accreditation
- A felony conviction
- Exclusion from a federal or state healthcare program
How to Apply for a DMEPOS Medicare Surety Bond
When applying for a Medicare bond, you'll need to provide the following information:
- Type of DMEPOS equipment sold
- Tax identification number
- Address of DMEPOS supplier
- Prior year annual revenue
- Years of experience billing Medicare
- Annual Medicare receipts
If available, additional requirements might include providing your National Provider Identifier (NPI) number, Provider Transaction Access Number (PTAN), and the number of locations you operate.
Located in Minnesota? DMEPOS suppliers in Minnesota must file a separate $50,000 Minnesota Health Care Programs DMEPOS Bond with the Department of Human Services. Follow the link above to apply.
Can I Get Bonded With Poor Credit?
SuretyBonds.com believes every client should be able to get the Medicare Bond they need — regardless of credit history. Our Bad Credit Surety Bond Program approves 99% of applicants. Contact us today to discuss your needs.
How Fast Can I Get a Medicare Bond?
If you need a DMEPOS bond urgently, SuretyBonds.com can help. We offer overnight shipping, so you can pay today and receive your bond tomorrow. Get started by applying now.
How Do I Get My DMEPOS Medicare Accreditation?
Learn How to get DMEPOS Accreditation by reviewing our comprehensive guide.
DMEPOS Supplier Bond Requirements
Most DMEPOS suppliers must file a $50,000 surety bond for each National Provider Identifier (NPI) they operate before they can bill Medicare.
However, physical and occupational therapists in private practices are exempt if:
- The business is solely owned and operated by the therapist
- The items are furnished only to the therapist’s patients as part of their professional service
- The business only bills for orthotics, prosthetics and supplies
There are no exceptions for nursing homes or pharmacies that bill Medicare for DMEPOS.
