These bonds are required on a federal level and not by a specific state. Apply for a Federal Surety Bond online today. Absolute Surety is a leading bond company serving clients nationwide. Easily apply with 24 hour or less turnarounds.
(MEDICARE DURABLE MEDICAL EQUIPMENT, PROSTHETICS, ORTHOTICS AND SUPPLIES (DMEPOS) SUPPLIER STANDARDS)
***Please download the PDF application and email or fax back to 855-647-7978 for a quote***
A DMEPOS surety bond is a bond issued by an entity (the surety, Absolute Surety, LLC) guaranteeing the National Supplier Clearinghouse that a DMEPOS supplier will fulfill an obligation or series of obligations to a third party (the Medicare program). If the obligation is not met, the third party will recover its losses via the bond.
How much can I expect to pay for my DMEPOS bond? These bonds do require underwriting and are based on personal credit of all owners. You can expect to pay anywhere between approximately 3 percent of the value of the bond but this figure could vary by surety.
Bond Penalty Amount: $50,000 (As of January 2, 2009, implemented in Section 4312(a) of the Balanced Budget Act of 1997)
Bond Term: 1 year
Bond Expiration Date: Varies
Why do I need this bond? A DMEPOS surety bond is a bond issued by an entity (the surety, Absolute Surety, LLC) guaranteeing the National Supplier Clearinghouse that a DMEPOS supplier will fulfill an obligation or series of obligations to a third party (the Medicare program). If the obligation is not met, the third party will recover its losses via the bond.