A DMEPOS Bond / Medicare Bond is required by the Center for Medicaid and Medicare Services of all suppliers of durable medical equipment, prosthetics, orthotics and supplies. The DMEPOS Bond / Medicare Bond ensures that the suppliers of durable medical equipment, prosthetics, orthotics and supplies will pay all unpaid claims, penalties, and assessments.
What is the current market for a DMEPOS/Medicare Clinic Bond?
DMEPOS Bonds / Medicare Bonds are written by multiple surety bond markets. The bond amount for the DMEPOS Bond / Medicare Bond is $50,000. Terms of approval and premium are largely determined by the financial condition of the health care clinic's corporate and/or personal net worth, experience, and the needed bond amount.
Please note that additional underwriting information may be needed depending on bond request, information submitted, and to obtain the lowest possible rate.