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. This bond is subject to underwriting, which means the amount each applicant will pay varies depending on a review of their personal credit report. 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!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Medicaid Transportation Provider Bond||$50,000||Starts at $1,500||$2,000-6,000||$6,000+||Apply Now|
Since these bonds vary in price, we suggest calling SuretyBonds.com at 1 (800) 308-4358 to receive a free, personalized bond quote. Or, you can submit a bond request, and one of our experts will walk you through the application process.
Why do I need this bond?
Medicaid transportation providers can include those who offer different types of transportation:
- Ambulance or Air Ambulance
- Common Carrier (Ambulatory or Non-Ambulatory)
- Family Member
This bond allows individuals to offer transportation services to Medicaid recipients. 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. It guarantees that Medicaid recipients will be protected if the provider violates a law causing damages to the recipient. Recipients can file a claim against the surety bond for reimbursement if they sustain damages as a result of the transportation provider’s negligence.
Let the experts at SuretyBonds.com help you purchase a surety bond quickly, easily and accurately. Call (800) 308-4358 or apply for a quote online!
What’s the fine print?
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).
How can I apply to be a Medicaid transportation provider?
Medicaid transportation providers must enroll with IHCP by filling out an enrollment packet, which you can find under Additional Resources. Your application fee will vary depending on the risk level assigned by the Centers for Medicare & Medicaid Services. You can determine your risk level and application fee using the matrix listed under Additional Resources. You’ll need to purchase a surety bond and submit a copy along with your completed enrollment packet.
Mail your enrollment packet in for review:
Provider Enrollment Unit P.O. Box 7263 Indianapolis, IN 46207-7263
Ready to get started?
Indiana State Forms Online Catalog (medicaid transportation provider)