DMEPOS Bonds (Medicare Bonds) in Lynwood and Seattle, WA
As of January 2019, it is required by the Centers for Medicare and Medicaid Services (CMS) that every Medicare DMEPOS dentist obtains a surety bond with a coverage minimum of $50,000 per practice location. Failure to obtain a surety bond in this time frame will result in Medicare Provider Transaction Access Number (PTAN) deactivation.
What is a DMEPOS Bond?
A DMEPOS Bond, or Durable Medical Equipment Supplier's Bond, is a federal surety bond that is required to be held by suppliers of medical equipment, prosthetics, orthotics and supplies.
Why is a DMEPOS Bond Required?
DMEPOS Bonds are required to provide legal protection against malpractice or fraud committed by bonded physicians or medical practitioners. The bond ensures compliance with the CMS' rules and regulations and helps to cut down on fraudulent behavior.
How can I get a DMEPOS Bond?
Contact a bond specialist at Mosaic Insurance Alliance to learn more about obtaining a DMEPOS Bond. Our underwriting services are flexible to meet your unique needs, and we specialize in a high-degree of customer care that will ensure maximum consideration for your assets.