Suppliers of Medical Equipment Depend on Surety1’s Diligence and Dedication
Surety1 places many bonds required by governmental agencies. We understand that businesses such as yours that operate in the medical equipment industry must meet certain regulatory guidelines. We’ll work quickly and efficiently to help you obtain your Medicare / DMEPOS Surety Bond
What is a Medicare/DMEPOS Surety Bond and why do I need one?
The Centers for Medicare & Medicaid Services (CMS) require that suppliers of durable medical equipment, prosthetics, orthotics, and pharmacies have a Medicare surety bond. This is also known as a Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) bond.
Click Here to read more about The Centers for Medicare & Medicaid Services (CMS) requirements.
The Medicare/DMEPOS Surety Bond ensures that CMS can recoup any losses caused by incorrect billing or fraudulent activity by the medical equipment supplier named on the bond. If the CMS determines that your organization is at fault, they can file a claim with your surety company. The claim will be investigated, and if the surety company pays the claim, you must pay them back. However, the surety company will satisfy the claim immediately.
How do I get a Medicare/DMEPOS Surety Bond and how much does it cost?
DMEPOS suppliers who are subject to these regulations are required to obtain a $50,000 bond for each National Provider Identifier (NPI) on record.
Surety1 has access to 18 markets. We will work with our reputable partners to get your bond for a fee as low as $250 for the year. We understand that the medical supplier community values privacy, and we protect your information through the entire process.
Apply now! Fill out our application form and Surety1 will work fast to obtain your Medicare / DMEPOS. We’ll follow up with a firm quote, and once you provide payment and your signed agreement, you will receive your bond!