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DMEPOS Bond Information
Medicare Bonds, often referred to as DMEPOS Bonds, are mandatory for manufacturers and suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS). The regulation took effect in January 2009 after a rule imposed by the Centers for Medicare & Medicaid Services (CMS). The requirement is aimed at curbing medical fraud and malpractice.
In most cases, suppliers are required to obtain a $50,000 surety bond. There are a couple unique exceptions. The bond amount will actually increase beyond $50,000 for suppliers deemed high risk. At the same time, some suppliers may qualify for an exemption from the Medicare (DMEPOS) Bond requirement.
SuretyEZ’s knowledgeable and experienced staff can provide you will the best bond rates possible for these DMEPOS bonds.