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The Medicare Supplier Bond is in place to protect the taxpayer against fraudulent billing practices or other illegal business practices committed by certain suppliers of services paid by Medicare. All DMEPOS suppliers are required to comply with Section I (Supplier Business Service Requirements) and Section II (Supplier Product-Specific Service Requirements) of the DMEPOS Quality Standards as well as Appendices A, B, and/or C as needed. These standards are listed in 42 Code of Federal Regulations (CFR), part 424, section 57.
The Medicare Surety Bond is required to be submitted to the National Supplier Clearinghouse (NSC) by the Department of Health and Human Services, Centers for Medicare and Medicaid Services (CMS). CMS published a final rule in the Federal Register on Jan. 2, 2009, which implemented Section 4312(a) and Section 4312(b) of the Balanced Budget Act of 1997; these sections required suppliers to obtain and maintain a surety bond to be in an amount of not less than $50,000. Although there is no standard form required, the certain specific wording must be in any form submitted. The Obligee reads as the Centers for Medicare & Medicaid Services.
The base DMEPOS Surety Bond is not limited in duration and runs continuously from effective date until it is canceled. However, CMS has established a 3-year duration on elevated surety bond amounts. The bonding company will bill for renewal annually.
Contact The ProSure Group. As surety bond experts in business over 23 years in Florida, The ProSure Group has handled hundreds of bonds of this type and has partnerships with more than 30 different surety companies. This ensures that we get you the best, most competitive pricing and terms available in the marketplace. You just need to complete our simple application and one of our specialists will quickly contact you.
CMS-855S is the comprehensive application required for enrollment.
|Tax||DMEPOS Bond||U.S. Department of Health and Human Services, Centers for Medicare and Medicaid Services
||$50,000 Minimum||Get Bonded Now|