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Medicaid / Medicare Bond
A Medicaid Supply Bond is required for Home Healthcare Agencies (HHA)
A Medcare surety bond requirement will be required
CMS Releases final surety bond rule for DMEPOS suppliers
Suppliers of durable medical equipment such as prosthetics, orthodontist and suppliers will be required to obtain a surety bond at least in the amount of $50,000. The CMS has made the surety bond continuous as well as having a 30 cancellation clause in the bond form
According to CMS, the surety bond requirement will limit the Medicare program risk to
fraudulent DME suppliers.
If you don’t get your bond in time you may suffer the following
1. Medicare will impose revocation of any medical billing privileges.
2. They may also suspend or revoke your license to provide health care by any state licensing authority.
3. Revocation or suspension by an accreditation organization.
4. A conviction of a federal or state felony offense.
5. An exclusion or debarment from participating in federal or state health care program.
Apply today and get approved within one to two business days
Please see a copy of the Medicaid Surety bond form
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