| DMEPOS Medicare Surety Bond: |
The Centers for Medicare & Medicaid Services (CMS) published a final rule titled, "Medicare Program:
Surety Bond Requirement for suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS), unless exempt, must be accredited
and obtain a surety bond by October 1, 2009 and October 2, 2009, respectively. This final rule implemented Section 4312(a) of the Balanced Budget Act of
1997 and requires certain DMEPOS suppliers to obtain and maintain surety bond on continuing basis. Section 4312(b) requires that a surety bond be in
amount of not be less than $50,000.
The Bond required by all Medicare participants with a National Provider Identifier (NPI) number will be in the amount of $50,000 as required by Section
4312(b) . All providers with more than one location will need a separate bond for each National Provider Identifier (NPI) number assigned, and be
submitted to National Supplier Clearinghouse (NSC).
Not enrolled in the Medicare Program get the Medicare Enrollment App Here
Apply for your NPI (National Provider Identification) here
Medicare/Medicaid Bonds Stating at $200* - (*based on meeting all discount requirements)
Exempt Providers:
DMEPOS suppliers exempt from bonding requirement:
1. Government-owned suppliers
2. State-licensed orthotic and prosthetic personnel in private practice making custom made orthotics
and prosthetics if the business is solely-owned and operated by said personnel and are billing only for
orthotic and prosthetics, and supplies.
3. Physicians and non-physician practitioners if the DMEPOS items are furnished only to his or her
patients as part of his or her professional service.
4. Physical and occupational therapists if:
(1) the business is solely-owned and operated by the therapist, and
(2) if the DMEPOS items are furnished only to his or her patients as part of his or her professional service.
Important Note:
When submitting your DMEPOS surety bond to the National Supplier Clearinghouse, you are required to submit sections 1, 2A1, 12, and either 15 (if you
are the authorized official) or 16 (if you are the delegated official) of the Medicare enrollment application (CMS-855S). By submitting the required sections
of the CMS-855S, you will help to ensure that NSC is able to correctly associate your DMEPOS surety bond to your enrollment record.
Byrne - Kim is dedicated to meeting the needs of all DMEPOS providers.
We offer the creativity and attention of a personal brokerage, combined with the resources of larger national and international companies. Our brokers
hold unmatched experience in all facets of medical professionals and suppliers Surety Bond needs.
Our Bond experts will help you obtain the correct Surety Bond to help you stay compliant, and provide details on how to submit this to Medicare/Medicaid.
Surety Bond Requirement for suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS), unless exempt, must be accredited
and obtain a surety bond by October 1, 2009 and October 2, 2009, respectively. This final rule implemented Section 4312(a) of the Balanced Budget Act of
1997 and requires certain DMEPOS suppliers to obtain and maintain surety bond on continuing basis. Section 4312(b) requires that a surety bond be in
amount of not be less than $50,000.
The Bond required by all Medicare participants with a National Provider Identifier (NPI) number will be in the amount of $50,000 as required by Section
4312(b) . All providers with more than one location will need a separate bond for each National Provider Identifier (NPI) number assigned, and be
submitted to National Supplier Clearinghouse (NSC).
Not enrolled in the Medicare Program get the Medicare Enrollment App Here
Apply for your NPI (National Provider Identification) here
Medicare/Medicaid Bonds Stating at $200* - (*based on meeting all discount requirements)
Exempt Providers:
DMEPOS suppliers exempt from bonding requirement:
1. Government-owned suppliers
2. State-licensed orthotic and prosthetic personnel in private practice making custom made orthotics
and prosthetics if the business is solely-owned and operated by said personnel and are billing only for
orthotic and prosthetics, and supplies.
3. Physicians and non-physician practitioners if the DMEPOS items are furnished only to his or her
patients as part of his or her professional service.
4. Physical and occupational therapists if:
(1) the business is solely-owned and operated by the therapist, and
(2) if the DMEPOS items are furnished only to his or her patients as part of his or her professional service.
Important Note:
When submitting your DMEPOS surety bond to the National Supplier Clearinghouse, you are required to submit sections 1, 2A1, 12, and either 15 (if you
are the authorized official) or 16 (if you are the delegated official) of the Medicare enrollment application (CMS-855S). By submitting the required sections
of the CMS-855S, you will help to ensure that NSC is able to correctly associate your DMEPOS surety bond to your enrollment record.
Byrne - Kim is dedicated to meeting the needs of all DMEPOS providers.
We offer the creativity and attention of a personal brokerage, combined with the resources of larger national and international companies. Our brokers
hold unmatched experience in all facets of medical professionals and suppliers Surety Bond needs.
Our Bond experts will help you obtain the correct Surety Bond to help you stay compliant, and provide details on how to submit this to Medicare/Medicaid.
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