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How much does a Medicaid transportation provider bond cost in Indiana?
The Indiana Office of Medicaid Policy and Planning requires Medicaid transportation providers in the state to post a $50,000 surety bond for a three-year term. This bond is subject to underwriting consideration, which means the amount each applicant will pay varies and is based on a review of the applicant’s personal credit report. Premium pricing starts at $1,063 for the state-required three-year term.
Don’t worry if your credit is less than perfect! Our experts have a history of helping applicants get bonded for the smallest rate available to them, regardless of their financial background. Apply online or give our team a call at 1 (800) 308-4358 today to get your free surety bond quote!
Why do I need a bond to become a provider for Medicaid transportation in Indiana?
This bond allows individuals to offer transportation services to Medicaid recipients in Indiana. This includes rides to medical and other health-related appointments covered under the Medicaid recipient’s specific plan.
This bond ensures that Medicaid transportation providers comply with Indiana Code 12–15–11, which guarantees Medicaid recipients protection in the event that the provider violates a law, causing damages to the recipient. Recipients may file a claim against the surety bond for reimbursement if they sustain damages as a result of the transportation provider’s negligence.
Medicaid transportation providers can include:
- Ambulance or air ambulance
- Common carrier (ambulatory or non-ambulatory)
- Family member
The bond requires the surety company to pay valid claims within 30 days of receiving written notice of proof of the surety’s liability. It must be continuously in effect for at least three years after the transportation provider applies for enrollment with Indiana Health Coverage Programs (IHCP).
Let the experts at SuretyBonds.com help you purchase a surety bond quickly, easily, and accurately. Call 1 (800) 308-4358 or apply for a quote online!
How do I become a Medicaid transportation provider in Indiana?
To become a provider for Medicaid transportation, interested applicants must:
- Apply through the Indiana Health Coverage Programs (IHCP) by filling out an enrollment packet.
- Pay the application fee. This fee will vary depending on the risk level assigned by the Centers for Medicare & Medicaid Services. Risk level and application fee can be determined using the matrix.
- Mail your enrollment packet to:
Provider Enrollment Unit
P.O. Box 7263
Indianapolis, IN 46207-7263
Ready to get started?
Indiana State Forms Online Catalog (Medicaid Transportation Provider)