Alabama Medicaid Agency Bond Guide
If you’re applying for provider Medicaid enrollment in Alabama, you may need this surety bond.
Bond Overview
- Purpose: To protect the state and clients from financial harm or misconduct
- Who Needs It: Nursing home and DME providers that bill Medicaid
- Regulating Body: Alabama Medicaid
- Required Coverage: $1,000–$100,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
How Much Do Medicaid Agency Bonds Cost in Alabama?
Alabama Medicaid agency bonds cost a small percentage of the required bond amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Medicaid Agency Bond?
The Alabama Medicaid requires this bond as part of the licensing process for the following types of healthcare providers that bill Medicaid:
- Medicaid Durable Medical Equipment (DME) and Medical Supply providers
- Nursing homes with custody over patient funds
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Alabama Medicaid agency bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file the bond with the state as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Alabama Medicaid Agency Bond Work?
As with all surety bonds, a Medicaid agency bond creates a legal contract between three parties:
- Principal: You, the medical provider filing the bond
- Obligee: The Alabama Medicaid agency requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable provisions of Ala. Admin. Code r. 560-X-13-.02(9).
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your Medicaid agency bond, simply pay your renewal invoice when prompted.
We’ll issue a new bond form for you to file as proof of ongoing coverage.
