Florida Medicaid Provider Bond Overview
- Purpose: To ensure Florida healthcare providers comply with state regulations when billing Medicaid
- Who Needs It: Providers that process money from a fee-for-service basis or a non-cost-based fee schedule
- Regulating Body: The Agency for Health Care Administration | Provider Enrollment Office
- Bond Amount: $50,000
- Minimum Price: $1,000; credit-based
What Is a Florida Medicaid Provider Bond?
A Florida Medicaid provider surety bond is a financial security that holds healthcare providers responsible for managing Medicaid funds properly.
It requires Medicaid providers to pay fees, provide services, and fulfill other obligations as required by law. This protects patients and the state from financial harm.
Who Needs a Medicaid Provider Bond?
Under Florida Statute 409.907, Medicaid providers need to file a minimum $50,000 surety bond if they process money from a fee-for-service basis or a non-cost-based fee schedule.
If a Medicaid provider bills the Florida Medicaid program more than $50,000 annually, they must file a bond to match the full annual amount billed. Contact 1(808) 308-4358 for assistance with higher bond amounts.
The CMS also enforces a separate DMEPOS bond requirement for providers that bill Medicaid for DMEPOS items.
How Much Do Medicaid Provider Bonds Cost?
A $50,000 Florida Medicaid provider bond starts at $1,000 (2%) for qualified applicants. Exact rates may vary based on a soft credit preview. Apply to get your personalized quote today.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does This Bond Work?
This type of surety bond creates a legally-binding contract between three entities.
| Bond Party | Description |
|---|---|
| Principal | The bonded Medicaid provider |
| Obligee | The Florida Agency for Health Care Administration | Provider Enrollment Office |
| Surety | The issuing surety provider |
By filing this bond, you agree to comply with relevant Florida Statutes. This includes:
- Legally applying Medicaid funds received
- Meeting all legal obligations when providing Medicaid services
Failure to comply with Medicaid regulations can result in claims against the bond.
How Do I Get My Bond?
You can apply for your Florida Medicaid provider bond online 24/7. Follow these quick steps:
- Complete the online quote request form
- Provide any documents and signatures as needed
- Pay for the bond online or over the phone
We’ll email you the official bond form shortly after processing the payment. Submit the surety bond form with your initial license application or renewal.
We also issue Florida Home Health Agency bonds.
Can I Get Bonded With Bad Credit?
Personal credit score directly impacts surety bond rates and your chances of qualifying. We aim to approve everyone at the lowest rate possible. Apply today to see if you are eligible for a Medicaid provider bond.
How Do I Renew My Bond?
Florida Medicaid surety bonds expire annually. We’ll send you reminders before the bond expires. Pay the renewal premium to extend the bond for another year as long as you maintain an active license.
Can I Edit My Bond Form?
No, but surety providers may be able to issue a bond rider form that amends your existing bond. Email [email protected] if you’re a current client and need a bond update.
How to Become a Medicaid Provider in Florida
Complete the steps below to apply for your Florida Medicaid provider enrollment:
- Complete a new Medicaid provider application through the Florida Medicaid Web Portal.
- Undergo a criminal background check (only required for individuals with 5% or more ownership).
- Complete a Non-Institutional Medical Provider Agreement (if applicable).
- File a $50,000 surety bond (if applicable).
For more detailed step-by-step application instructions, visit our Florida Medicaid Provider License Guide page.
