Illinois Medicare | $50,000 Medicare Surety Bond
Also known as: Medicare bond
Type of Bond
A Medicare bond, also known as a Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) bond, is a type of surety bond required by the Centers for Medicare & Medicaid Services (CMS) for suppliers and providers of medical equipment and services to Medicare beneficiaries. This bond ensures that DMEPOS suppliers comply with federal regulations, CMS guidelines, and ethical standards while conducting their business. The purpose of the bond is to protect Medicare beneficiaries, the government, and the public from potential financial loss, fraud, or unethical conduct by DMEPOS suppliers. It serves as a financial guarantee that the supplier will operate their business professionally, ethically, and in accordance with the law. If a DMEPOS supplier fails to fulfill their obligations, engages in fraudulent or unethical practices, or violates federal regulations, a claim can be filed against the bond to compensate affected parties for any damages or financial loss incurred. In summary, the Medicare bond helps ensure that suppliers of medical equipment and services to Medicare beneficiaries maintain a high level of professionalism and integrity, protecting the interests of beneficiaries, the government, and the public.
Program
The price you'll pay for your $50,000 Medicare Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $50,000 Medicare Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $50,000 Medicare Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Medicare Bond Application process.
The Illinois Medicare Bond amount is currently set at $50,000.
Obligee Information
An obligee is the entity that is requiring you to have the Medicare bond.
Obligee: Medicare & Medicaid Centers Of
Street: 7500 Security Blvd
Zip: 21244
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!